ELK
ELK is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Sandridge Expl. And Prod., LLC. It has 4 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 73,707 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 $905K, with roughly $204K 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 345 barrels a month, about 86 per wellbore. Its strongest month on the record we hold was April 2026, at 626 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 ELK
- Who operates ELK?
- ELK is operated by Sandridge Expl. And Prod., LLC, Railroad Commission of Texas operator number 748011.
- Where is ELK?
- ELK is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43368.
- Is ELK still producing?
- ELK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELK is August 2026.
- How much has ELK produced?
- ELK has reported 73,707 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 4 wellbores.
- How much is ELK worth?
- The remaining production from ELK is estimated to be worth about $905K in total as of 26 August 2026, within a range of $706K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELK is a fraction of it. The estimate fits an Arps decline curve to the production ELK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELK is an estimate of value, not an offer and not an appraisal.
- How much income does ELK generate in a year?
- ELK is forecast to net about $204K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sandridge Expl. And Prod., LLC |
|---|---|
| Field | Shafter Lake, N. (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 43368 |
| Wellbores | 4 |
| Reported production | 73,707 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $905K |
Where ELK 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.