GLASS 277
GLASS 277 is a Texas oil lease in Dawson County, Railroad Commission district 08, operated by Elk River Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 49,336 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 $364K, with roughly $70K 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 98 barrels a month. Its strongest month on the record we hold was July 2017, at 1,121 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 GLASS 277
- Who operates GLASS 277?
- GLASS 277 is operated by Elk River Resources, LLC, Railroad Commission of Texas operator number 247760.
- Where is GLASS 277?
- GLASS 277 is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47303.
- Is GLASS 277 still producing?
- GLASS 277 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLASS 277 is August 2026.
- How much has GLASS 277 produced?
- GLASS 277 has reported 49,336 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 1 wellbore.
- How much is GLASS 277 worth?
- The remaining production from GLASS 277 is estimated to be worth about $364K in total as of 27 August 2026, within a range of $200K to $527K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLASS 277 is a fraction of it. The estimate fits an Arps decline curve to the production GLASS 277 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLASS 277 is an estimate of value, not an offer and not an appraisal.
- How much income does GLASS 277 generate in a year?
- GLASS 277 is forecast to net about $70K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GLASS 277 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Elk River Resources, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Dawson County, Texas |
| RRC district | 08 |
| Lease number | 47303 |
| Wellbores | 1 |
| Reported production | 49,336 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $364K |
Where GLASS 277 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.