ELROD
ELROD is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Berry Oil Comp. It has 8 wellbores on file with the Commission. Reported production runs from April 2010 to August 2026, totalling 416,763 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 $1.1M, with roughly $247K 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 693 barrels a month, about 87 per wellbore. Its strongest month on the record we hold was May 2019, at 5,403 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 ELROD
- Who operates ELROD?
- ELROD is operated by Berry Oil Comp., Railroad Commission of Texas operator number 068157.
- Where is ELROD?
- ELROD is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40232.
- Is ELROD still producing?
- ELROD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELROD is August 2026.
- How much has ELROD produced?
- ELROD has reported 416,763 barrels of oil (bbl) to the Railroad Commission of Texas between April 2010 and August 2026, from 8 wellbores.
- How much is ELROD worth?
- The remaining production from ELROD is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $874K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELROD is a fraction of it. The estimate fits an Arps decline curve to the production ELROD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELROD is an estimate of value, not an offer and not an appraisal.
- How much income does ELROD generate in a year?
- ELROD is forecast to net about $247K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELROD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Berry Oil Comp. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 40232 |
| Wellbores | 8 |
| Reported production | 416,763 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where ELROD 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.