MCELROY DEEP UNIT
MCELROY DEEP UNIT is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Hopkins, T. M. Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from May 1999 to August 2026, totalling 20,885 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 $202K, with roughly $39K 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 52 barrels a month. Its strongest month on the record we hold was February 2020, at 176 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MCELROY DEEP UNIT
- Who operates MCELROY DEEP UNIT?
- MCELROY DEEP UNIT is operated by Hopkins, T. M. Operating Co., Railroad Commission of Texas operator number 399641.
- Where is MCELROY DEEP UNIT?
- MCELROY DEEP UNIT is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36048.
- Is MCELROY DEEP UNIT still producing?
- MCELROY DEEP UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY DEEP UNIT is August 2026.
- How much has MCELROY DEEP UNIT produced?
- MCELROY DEEP UNIT has reported 20,885 barrels of oil (bbl) to the Railroad Commission of Texas between May 1999 and August 2026, from 1 wellbore.
- How much is MCELROY DEEP UNIT worth?
- The remaining production from MCELROY DEEP UNIT is estimated to be worth about $202K in total as of 26 August 2026, within a range of $111K to $293K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY DEEP UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY DEEP UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCELROY DEEP UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY DEEP UNIT generate in a year?
- MCELROY DEEP UNIT is forecast to net about $39K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCELROY DEEP UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hopkins, T. M. Operating Co. |
|---|---|
| Field | J. Cleo Thompson (Detrital) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 36048 |
| Wellbores | 1 |
| Reported production | 20,885 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $202K |
Where MCELROY DEEP UNIT 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.