ELKIN 21L
ELKIN 21L 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 March 2024 to August 2026, totalling 244,519 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 $10.4M, with roughly $3.7M 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 6,570 barrels a month. Its strongest month on the record we hold was October 2024, at 34,037 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 ELKIN 21L
- Who operates ELKIN 21L?
- ELKIN 21L is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is ELKIN 21L?
- ELKIN 21L is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61173.
- Is ELKIN 21L still producing?
- ELKIN 21L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELKIN 21L is August 2026.
- How much has ELKIN 21L produced?
- ELKIN 21L has reported 244,519 barrels of oil (bbl) to the Railroad Commission of Texas between March 2024 and August 2026, from 1 wellbore.
- How much is ELKIN 21L worth?
- The remaining production from ELKIN 21L is estimated to be worth about $10.4M in total as of 27 August 2026, within a range of $8.6M to $12.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELKIN 21L is a fraction of it. The estimate fits an Arps decline curve to the production ELKIN 21L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELKIN 21L is an estimate of value, not an offer and not an appraisal.
- How much income does ELKIN 21L generate in a year?
- ELKIN 21L is forecast to net about $3.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELKIN 21L 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 | 61173 |
| Wellbores | 1 |
| Reported production | 244,519 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.4M |
Where ELKIN 21L 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.