ARMSTRONG
ARMSTRONG is a Texas oil lease in Cherokee County, Railroad Commission district 06, operated by Elms Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 327 barrels. The lease is intermittent. 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 $44K, with roughly $9K 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 8 barrels a month. Its strongest month on the record we hold was February 2024, at 56 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 ARMSTRONG
- Who operates ARMSTRONG?
- ARMSTRONG is operated by Elms Oil Company, Railroad Commission of Texas operator number 250120.
- Where is ARMSTRONG?
- ARMSTRONG is a Texas oil lease in Cherokee County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 16016.
- Is ARMSTRONG still producing?
- ARMSTRONG is intermittent. The most recent month of production reported to the Railroad Commission of Texas for ARMSTRONG is August 2026.
- How much has ARMSTRONG produced?
- ARMSTRONG has reported 327 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 1 wellbore.
- How much is ARMSTRONG worth?
- The remaining production from ARMSTRONG is estimated to be worth about $44K in total as of 26 August 2026, within a range of $0 to $89K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARMSTRONG is a fraction of it. The estimate fits an Arps decline curve to the production ARMSTRONG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARMSTRONG is an estimate of value, not an offer and not an appraisal.
- How much income does ARMSTRONG generate in a year?
- ARMSTRONG is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ARMSTRONG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Elms Oil Company |
|---|---|
| Field | Percy Wheeler (Travis Peak) |
| County | Cherokee County, Texas |
| RRC district | 06 |
| Lease number | 16016 |
| Wellbores | 1 |
| Reported production | 327 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $44K |
Where ARMSTRONG 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.