ELDER, JOHN
ELDER, JOHN is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by Arco Oil & Gas Co. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 44,396 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 $241K, with roughly $46K 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 53 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was March 2024, at 132 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 ELDER, JOHN
- Who operates ELDER, JOHN?
- ELDER, JOHN is operated by Arco Oil & Gas Co., Railroad Commission of Texas operator number 029340.
- Where is ELDER, JOHN?
- ELDER, JOHN is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 08029.
- Is ELDER, JOHN still producing?
- ELDER, JOHN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELDER, JOHN is August 2026.
- How much has ELDER, JOHN produced?
- ELDER, JOHN has reported 44,396 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is ELDER, JOHN worth?
- The remaining production from ELDER, JOHN is estimated to be worth about $241K in total as of 26 August 2026, within a range of $133K to $349K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELDER, JOHN is a fraction of it. The estimate fits an Arps decline curve to the production ELDER, JOHN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELDER, JOHN is an estimate of value, not an offer and not an appraisal.
- How much income does ELDER, JOHN generate in a year?
- ELDER, JOHN is forecast to net about $46K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELDER, JOHN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arco Oil & Gas Co. |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 08029 |
| Wellbores | 10 |
| Reported production | 44,396 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $241K |
Where ELDER, JOHN 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.