BABY FACE NELSON UNIT 17-8
BABY FACE NELSON UNIT 17-8 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Element Petroleum Op III, LLC. It has 4 wellbores on file with the Commission. Reported production runs from June 2017 to August 2026, totalling 576,207 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $9.2M, with roughly $2.0M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 2,782 barrels a month, about 695 per wellbore. Its strongest month on the record we hold was March 2021, at 25,115 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BABY FACE NELSON UNIT 17-8
- Who operates BABY FACE NELSON UNIT 17-8?
- BABY FACE NELSON UNIT 17-8 is operated by Element Petroleum Op III, LLC, Railroad Commission of Texas operator number 247675.
- Where is BABY FACE NELSON UNIT 17-8?
- BABY FACE NELSON UNIT 17-8 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49831.
- Is BABY FACE NELSON UNIT 17-8 still producing?
- BABY FACE NELSON UNIT 17-8 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BABY FACE NELSON UNIT 17-8 is August 2026.
- How much has BABY FACE NELSON UNIT 17-8 produced?
- BABY FACE NELSON UNIT 17-8 has reported 576,207 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 4 wellbores.
- How much is BABY FACE NELSON UNIT 17-8 worth?
- The remaining production from BABY FACE NELSON UNIT 17-8 is estimated to be worth about $9.2M in total as of 27 August 2026, within a range of $7.6M to $10.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BABY FACE NELSON UNIT 17-8 is a fraction of it. The estimate fits an Arps decline curve to the production BABY FACE NELSON UNIT 17-8 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BABY FACE NELSON UNIT 17-8 is an estimate of value, not an offer and not an appraisal.
- How much income does BABY FACE NELSON UNIT 17-8 generate in a year?
- BABY FACE NELSON UNIT 17-8 is forecast to net about $2.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BABY FACE NELSON UNIT 17-8 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petroleum Op III, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 49831 |
| Wellbores | 4 |
| Reported production | 576,207 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.2M |
Where BABY FACE NELSON UNIT 17-8 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.