SCOTT 34
SCOTT 34 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Element Petro Operating II, LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 109,815 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 $115K, with roughly $96K 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 477 barrels a month, about 239 per wellbore. Its strongest month on the record we hold was May 2016, at 1,582 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 SCOTT 34
- Who operates SCOTT 34?
- SCOTT 34 is operated by Element Petro Operating II, LLC, Railroad Commission of Texas operator number 247685.
- Where is SCOTT 34?
- SCOTT 34 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45818.
- Is SCOTT 34 still producing?
- SCOTT 34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCOTT 34 is August 2026.
- How much has SCOTT 34 produced?
- SCOTT 34 has reported 109,815 barrels of oil (bbl) to the Railroad Commission of Texas between September 2014 and August 2026, from 2 wellbores.
- How much is SCOTT 34 worth?
- The remaining production from SCOTT 34 is estimated to be worth about $115K in total as of 27 August 2026, within a range of $90K to $140K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCOTT 34 is a fraction of it. The estimate fits an Arps decline curve to the production SCOTT 34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCOTT 34 is an estimate of value, not an offer and not an appraisal.
- How much income does SCOTT 34 generate in a year?
- SCOTT 34 is forecast to net about $96K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SCOTT 34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petro Operating II, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 45818 |
| Wellbores | 2 |
| Reported production | 109,815 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $115K |
Where SCOTT 34 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.