ELMO SCHULZE
ELMO SCHULZE is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Texakoma Oil & Gas Corporation. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 33,654 barrels. The lease is shut in. 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 $2K, with roughly $377 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 2 barrels a month. Its strongest month on the record we hold was February 2020, at 46 barrels.
Key facts about ELMO SCHULZE
- Who operates ELMO SCHULZE?
- ELMO SCHULZE is operated by Texakoma Oil & Gas Corporation, Railroad Commission of Texas operator number 844185.
- Where is ELMO SCHULZE?
- ELMO SCHULZE is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 20175.
- Is ELMO SCHULZE still producing?
- ELMO SCHULZE is shut in. The most recent month of production reported to the Railroad Commission of Texas for ELMO SCHULZE is August 2026.
- How much has ELMO SCHULZE produced?
- ELMO SCHULZE has reported 33,654 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is ELMO SCHULZE worth?
- The remaining production from ELMO SCHULZE is estimated to be worth about $2K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELMO SCHULZE is a fraction of it. The estimate fits an Arps decline curve to the production ELMO SCHULZE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELMO SCHULZE is an estimate of value, not an offer and not an appraisal.
- How much income does ELMO SCHULZE generate in a year?
- ELMO SCHULZE is forecast to net about $377 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELMO SCHULZE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texakoma Oil & Gas Corporation |
|---|---|
| Field | Serbin (Taylor Sand) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 20175 |
| Wellbores | 4 |
| Reported production | 33,654 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where ELMO SCHULZE 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.