NORTH MCELROY UNIT
NORTH MCELROY UNIT is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Texaco E & P Inc. It has 1,177 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 31,862,926 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 $108.5M, with roughly $24.5M 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 34,580 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was May 2016, at 71,701 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 NORTH MCELROY UNIT
- Who operates NORTH MCELROY UNIT?
- NORTH MCELROY UNIT is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is NORTH MCELROY UNIT?
- NORTH MCELROY UNIT is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20377.
- Is NORTH MCELROY UNIT still producing?
- NORTH MCELROY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH MCELROY UNIT is August 2026.
- How much has NORTH MCELROY UNIT produced?
- NORTH MCELROY UNIT has reported 31,862,926 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1,177 wellbores.
- How much is NORTH MCELROY UNIT worth?
- The remaining production from NORTH MCELROY UNIT is estimated to be worth about $108.5M in total as of 27 August 2026, within a range of $89.0M to $128.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH MCELROY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NORTH MCELROY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH MCELROY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH MCELROY UNIT generate in a year?
- NORTH MCELROY UNIT is forecast to net about $24.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORTH MCELROY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Mcelroy |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 20377 |
| Wellbores | 1,177 |
| Reported production | 31,862,926 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $108.5M |
Where NORTH MCELROY 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.