ELKIN 21X
ELKIN 21X is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 326,806 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 $52.3M, with roughly $11.6M 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 18,120 barrels a month. Its strongest month on the record we hold was March 2025, at 32,118 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 ELKIN 21X
- Who operates ELKIN 21X?
- ELKIN 21X is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is ELKIN 21X?
- ELKIN 21X is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60621.
- Is ELKIN 21X still producing?
- ELKIN 21X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELKIN 21X is August 2026.
- How much has ELKIN 21X produced?
- ELKIN 21X has reported 326,806 barrels of oil (bbl) to the Railroad Commission of Texas between December 2023 and August 2026, from 1 wellbore.
- How much is ELKIN 21X worth?
- The remaining production from ELKIN 21X is estimated to be worth about $52.3M in total as of 27 August 2026, within a range of $42.9M to $61.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELKIN 21X is a fraction of it. The estimate fits an Arps decline curve to the production ELKIN 21X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELKIN 21X is an estimate of value, not an offer and not an appraisal.
- How much income does ELKIN 21X generate in a year?
- ELKIN 21X is forecast to net about $11.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELKIN 21X receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 60621 |
| Wellbores | 1 |
| Reported production | 326,806 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $52.3M |
Where ELKIN 21X 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.