ELBERT LONG 18
ELBERT LONG 18 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Element Petroleum Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 74,773 barrels. The lease is intermittent. 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 $105K, with roughly $19K 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 17 barrels a month. Its strongest month on the record we hold was July 2016, at 235 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 ELBERT LONG 18
- Who operates ELBERT LONG 18?
- ELBERT LONG 18 is operated by Element Petroleum Operating, LLC, Railroad Commission of Texas operator number 247680.
- Where is ELBERT LONG 18?
- ELBERT LONG 18 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41068.
- Is ELBERT LONG 18 still producing?
- ELBERT LONG 18 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for ELBERT LONG 18 is August 2026.
- How much has ELBERT LONG 18 produced?
- ELBERT LONG 18 has reported 74,773 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 1 wellbore.
- How much is ELBERT LONG 18 worth?
- The remaining production from ELBERT LONG 18 is estimated to be worth about $105K in total as of 26 August 2026, within a range of $58K to $152K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELBERT LONG 18 is a fraction of it. The estimate fits an Arps decline curve to the production ELBERT LONG 18 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELBERT LONG 18 is an estimate of value, not an offer and not an appraisal.
- How much income does ELBERT LONG 18 generate in a year?
- ELBERT LONG 18 is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELBERT LONG 18 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petroleum Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 41068 |
| Wellbores | 1 |
| Reported production | 74,773 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $105K |
Where ELBERT LONG 18 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.