MCELROY
MCELROY is a Texas oil lease in Jack County, Railroad Commission district 09, operated by G & F Oil, Inc. It has 2 wellbores on file with the Commission. Reported production runs from December 2016 to August 2026, totalling 26,336 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 $326K, with roughly $59K 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 74 barrels a month, about 37 per wellbore. Its strongest month on the record we hold was January 2020, at 840 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 MCELROY
- Who operates MCELROY?
- MCELROY is operated by G & F Oil, Inc., Railroad Commission of Texas operator number 292000.
- Where is MCELROY?
- MCELROY is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33607.
- Is MCELROY still producing?
- MCELROY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY is August 2026.
- How much has MCELROY produced?
- MCELROY has reported 26,336 barrels of oil (bbl) to the Railroad Commission of Texas between December 2016 and August 2026, from 2 wellbores.
- How much is MCELROY worth?
- The remaining production from MCELROY is estimated to be worth about $326K in total as of 26 August 2026, within a range of $180K to $473K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCELROY is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY generate in a year?
- MCELROY is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCELROY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | G & F Oil, Inc. |
|---|---|
| Field | Antelope,S.E. (Marble Falls) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 33607 |
| Wellbores | 2 |
| Reported production | 26,336 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $326K |
Where MCELROY 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.