ZULA 1
ZULA 1 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Element Petroleum Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 78,800 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 $706K, with roughly $242K 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 289 barrels a month, about 96 per wellbore. Its strongest month on the record we hold was December 2018, at 1,297 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 ZULA 1
- Who operates ZULA 1?
- ZULA 1 is operated by Element Petroleum Operating, LLC, Railroad Commission of Texas operator number 247680.
- Where is ZULA 1?
- ZULA 1 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41813.
- Is ZULA 1 still producing?
- ZULA 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ZULA 1 is August 2026.
- How much has ZULA 1 produced?
- ZULA 1 has reported 78,800 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 3 wellbores.
- How much is ZULA 1 worth?
- The remaining production from ZULA 1 is estimated to be worth about $706K in total as of 26 August 2026, within a range of $551K to $862K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ZULA 1 is a fraction of it. The estimate fits an Arps decline curve to the production ZULA 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ZULA 1 is an estimate of value, not an offer and not an appraisal.
- How much income does ZULA 1 generate in a year?
- ZULA 1 is forecast to net about $242K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ZULA 1 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 | 41813 |
| Wellbores | 3 |
| Reported production | 78,800 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $706K |
Where ZULA 1 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.