EILAND
EILAND is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Meritage Energy Company, LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2011 to August 2026, totalling 123,463 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 $814K, with roughly $232K 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 358 barrels a month, about 179 per wellbore. Its strongest month on the record we hold was May 2016, at 1,094 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 EILAND
- Who operates EILAND?
- EILAND is operated by Meritage Energy Company, LLC, Railroad Commission of Texas operator number 561156.
- Where is EILAND?
- EILAND is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41753.
- Is EILAND still producing?
- EILAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EILAND is August 2026.
- How much has EILAND produced?
- EILAND has reported 123,463 barrels of oil (bbl) to the Railroad Commission of Texas between July 2011 and August 2026, from 2 wellbores.
- How much is EILAND worth?
- The remaining production from EILAND is estimated to be worth about $814K in total as of 26 August 2026, within a range of $635K to $994K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EILAND is a fraction of it. The estimate fits an Arps decline curve to the production EILAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EILAND is an estimate of value, not an offer and not an appraisal.
- How much income does EILAND generate in a year?
- EILAND is forecast to net about $232K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in EILAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Meritage Energy Company, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 41753 |
| Wellbores | 2 |
| Reported production | 123,463 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $814K |
Where EILAND 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.