ELIAS 16-9 UNIT 2
ELIAS 16-9 UNIT 2 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 10 wellbores on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 1,976,976 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 $33.7M, with roughly $15.4M 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 42,258 barrels a month, about 4,226 per wellbore. Its strongest month on the record we hold was November 2024, at 288,485 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 ELIAS 16-9 UNIT 2
- Who operates ELIAS 16-9 UNIT 2?
- ELIAS 16-9 UNIT 2 is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is ELIAS 16-9 UNIT 2?
- ELIAS 16-9 UNIT 2 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60324.
- Is ELIAS 16-9 UNIT 2 still producing?
- ELIAS 16-9 UNIT 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELIAS 16-9 UNIT 2 is August 2026.
- How much has ELIAS 16-9 UNIT 2 produced?
- ELIAS 16-9 UNIT 2 has reported 1,976,976 barrels of oil (bbl) to the Railroad Commission of Texas between November 2023 and August 2026, from 10 wellbores.
- How much is ELIAS 16-9 UNIT 2 worth?
- The remaining production from ELIAS 16-9 UNIT 2 is estimated to be worth about $33.7M in total as of 27 August 2026, within a range of $27.6M to $39.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELIAS 16-9 UNIT 2 is a fraction of it. The estimate fits an Arps decline curve to the production ELIAS 16-9 UNIT 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELIAS 16-9 UNIT 2 is an estimate of value, not an offer and not an appraisal.
- How much income does ELIAS 16-9 UNIT 2 generate in a year?
- ELIAS 16-9 UNIT 2 is forecast to net about $15.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELIAS 16-9 UNIT 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Energy Resources L.P. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 60324 |
| Wellbores | 10 |
| Reported production | 1,976,976 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $33.7M |
Where ELIAS 16-9 UNIT 2 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.