ELLIOTT, F. P., FEE
ELLIOTT, F. P., FEE is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Merit Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2002 to August 2026, totalling 179,919 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 $377K, with roughly $208K 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 461 barrels a month. Its strongest month on the record we hold was November 2017, at 872 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 ELLIOTT, F. P., FEE
- Who operates ELLIOTT, F. P., FEE?
- ELLIOTT, F. P., FEE is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is ELLIOTT, F. P., FEE?
- ELLIOTT, F. P., FEE is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24285.
- Is ELLIOTT, F. P., FEE still producing?
- ELLIOTT, F. P., FEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELLIOTT, F. P., FEE is August 2026.
- How much has ELLIOTT, F. P., FEE produced?
- ELLIOTT, F. P., FEE has reported 179,919 barrels of oil (bbl) to the Railroad Commission of Texas between July 2002 and August 2026, from 1 wellbore.
- How much is ELLIOTT, F. P., FEE worth?
- The remaining production from ELLIOTT, F. P., FEE is estimated to be worth about $377K in total as of 27 August 2026, within a range of $294K to $460K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELLIOTT, F. P., FEE is a fraction of it. The estimate fits an Arps decline curve to the production ELLIOTT, F. P., FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELLIOTT, F. P., FEE is an estimate of value, not an offer and not an appraisal.
- How much income does ELLIOTT, F. P., FEE generate in a year?
- ELLIOTT, F. P., FEE is forecast to net about $208K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELLIOTT, F. P., FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | Silsbee (U) |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 24285 |
| Wellbores | 1 |
| Reported production | 179,919 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $377K |
Where ELLIOTT, F. P., FEE 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.