ELDER
ELDER is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by Concord Operating Incorporated. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 32,903 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 $115K, with roughly $22K 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 28 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was March 2022, at 63 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
- Who operates ELDER?
- ELDER is operated by Concord Operating Incorporated, Railroad Commission of Texas operator number 170353.
- Where is ELDER?
- ELDER is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 07114.
- Is ELDER still producing?
- ELDER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELDER is August 2026.
- How much has ELDER produced?
- ELDER has reported 32,903 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is ELDER worth?
- The remaining production from ELDER is estimated to be worth about $115K in total as of 26 August 2026, within a range of $63K to $167K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELDER is a fraction of it. The estimate fits an Arps decline curve to the production ELDER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELDER is an estimate of value, not an offer and not an appraisal.
- How much income does ELDER generate in a year?
- ELDER is forecast to net about $22K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELDER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Concord Operating Incorporated |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 07114 |
| Wellbores | 9 |
| Reported production | 32,903 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $115K |
Where ELDER 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.