GARDNER UNIT 15-10

GARDNER UNIT 15-10 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Element Petro Operating II, LLC. It has 10 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 2,026,000 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 $6.4M, with roughly $2.9M 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 4,925 barrels a month, about 492 per wellbore. Its strongest month on the record we hold was April 2018, at 47,718 barrels. 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 GARDNER UNIT 15-10

Who operates GARDNER UNIT 15-10?: GARDNER UNIT 15-10 is operated by Element Petro Operating II, LLC, Railroad Commission of Texas operator number 247685.
Where is GARDNER UNIT 15-10?: GARDNER UNIT 15-10 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45357.
Is GARDNER UNIT 15-10 still producing?: GARDNER UNIT 15-10 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARDNER UNIT 15-10 is August 2026.
How much has GARDNER UNIT 15-10 produced?: GARDNER UNIT 15-10 has reported 2,026,000 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 10 wellbores.
How much is GARDNER UNIT 15-10 worth?: The remaining production from GARDNER UNIT 15-10 is estimated to be worth about $6.4M in total as of 26 August 2026, within a range of $5.3M to $7.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARDNER UNIT 15-10 is a fraction of it. The estimate fits an Arps decline curve to the production GARDNER UNIT 15-10 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARDNER UNIT 15-10 is an estimate of value, not an offer and not an appraisal.
How much income does GARDNER UNIT 15-10 generate in a year?: GARDNER UNIT 15-10 is forecast to net about $2.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GARDNER UNIT 15-10 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GARDNER UNIT 15-10 as filed with the Railroad Commission of Texas
Operator	Element Petro Operating II, LLC
Field	Spraberry (Trend Area)
County	Howard County, Texas
RRC district	08
Lease number	45357
Wellbores	10
Reported production	2,026,000 bbl
First reported	February 2014
Last reported	August 2026
Estimated royalty value	$6.4M

Where GARDNER UNIT 15-10 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.