ELLIOT "214"
ELLIOT "214" is a Texas gas lease in Gaines County, Railroad Commission district 8A, operated by Fasken Oil And Ranch, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from September 2011 to August 2026, totalling 665,567 thousand cubic feet. 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 $527K, with roughly $94K 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 4,375 thousand cubic feet a month. Its strongest month on the record we hold was July 2024, at 5,536 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 ELLIOT "214"
- Who operates ELLIOT "214"?
- ELLIOT "214" is operated by Fasken Oil And Ranch, Ltd., Railroad Commission of Texas operator number 263696.
- Where is ELLIOT "214"?
- ELLIOT "214" is a Texas gas lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 263382.
- Is ELLIOT "214" still producing?
- ELLIOT "214" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELLIOT "214" is August 2026.
- How much has ELLIOT "214" produced?
- ELLIOT "214" has reported 665,567 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2011 and August 2026, from 1 wellbore.
- How much is ELLIOT "214" worth?
- The remaining production from ELLIOT "214" is estimated to be worth about $527K in total as of 26 August 2026, within a range of $438K to $617K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELLIOT "214" is a fraction of it. The estimate fits an Arps decline curve to the production ELLIOT "214" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELLIOT "214" is an estimate of value, not an offer and not an appraisal.
- How much income does ELLIOT "214" generate in a year?
- ELLIOT "214" is forecast to net about $94K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELLIOT "214" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fasken Oil And Ranch, Ltd. |
|---|---|
| Field | Hanford (Yates) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 263382 |
| Wellbores | 1 |
| Reported production | 665,567 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $527K |
Where ELLIOT "214" 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.