SPIDER MONKEY UNIT 17-19
SPIDER MONKEY UNIT 17-19 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Element Petroleum Op III, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2021 to August 2026, totalling 186,275 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 $4.9M, with roughly $1.1M 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 1,364 barrels a month. Its strongest month on the record we hold was July 2021, at 18,287 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 SPIDER MONKEY UNIT 17-19
- Who operates SPIDER MONKEY UNIT 17-19?
- SPIDER MONKEY UNIT 17-19 is operated by Element Petroleum Op III, LLC, Railroad Commission of Texas operator number 247675.
- Where is SPIDER MONKEY UNIT 17-19?
- SPIDER MONKEY UNIT 17-19 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56179.
- Is SPIDER MONKEY UNIT 17-19 still producing?
- SPIDER MONKEY UNIT 17-19 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPIDER MONKEY UNIT 17-19 is August 2026.
- How much has SPIDER MONKEY UNIT 17-19 produced?
- SPIDER MONKEY UNIT 17-19 has reported 186,275 barrels of oil (bbl) to the Railroad Commission of Texas between May 2021 and August 2026, from 1 wellbore.
- How much is SPIDER MONKEY UNIT 17-19 worth?
- The remaining production from SPIDER MONKEY UNIT 17-19 is estimated to be worth about $4.9M in total as of 27 August 2026, within a range of $4.1M to $5.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPIDER MONKEY UNIT 17-19 is a fraction of it. The estimate fits an Arps decline curve to the production SPIDER MONKEY UNIT 17-19 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPIDER MONKEY UNIT 17-19 is an estimate of value, not an offer and not an appraisal.
- How much income does SPIDER MONKEY UNIT 17-19 generate in a year?
- SPIDER MONKEY UNIT 17-19 is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPIDER MONKEY UNIT 17-19 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 | 56179 |
| Wellbores | 1 |
| Reported production | 186,275 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.9M |
Where SPIDER MONKEY UNIT 17-19 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.