SHAPE SHIFTER UNIT 80-85
SHAPE SHIFTER UNIT 80-85 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Element Petroleum Op III, LLC. It has 4 wellbores on file with the Commission. Reported production runs from August 2019 to August 2026, totalling 1,484,016 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 $26.7M, with roughly $7.2M 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 10,045 barrels a month, about 2,511 per wellbore. Its strongest month on the record we hold was March 2021, at 59,932 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 SHAPE SHIFTER UNIT 80-85
- Who operates SHAPE SHIFTER UNIT 80-85?
- SHAPE SHIFTER UNIT 80-85 is operated by Element Petroleum Op III, LLC, Railroad Commission of Texas operator number 247675.
- Where is SHAPE SHIFTER UNIT 80-85?
- SHAPE SHIFTER UNIT 80-85 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54795.
- Is SHAPE SHIFTER UNIT 80-85 still producing?
- SHAPE SHIFTER UNIT 80-85 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHAPE SHIFTER UNIT 80-85 is August 2026.
- How much has SHAPE SHIFTER UNIT 80-85 produced?
- SHAPE SHIFTER UNIT 80-85 has reported 1,484,016 barrels of oil (bbl) to the Railroad Commission of Texas between August 2019 and August 2026, from 4 wellbores.
- How much is SHAPE SHIFTER UNIT 80-85 worth?
- The remaining production from SHAPE SHIFTER UNIT 80-85 is estimated to be worth about $26.7M in total as of 26 August 2026, within a range of $21.9M to $31.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHAPE SHIFTER UNIT 80-85 is a fraction of it. The estimate fits an Arps decline curve to the production SHAPE SHIFTER UNIT 80-85 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHAPE SHIFTER UNIT 80-85 is an estimate of value, not an offer and not an appraisal.
- How much income does SHAPE SHIFTER UNIT 80-85 generate in a year?
- SHAPE SHIFTER UNIT 80-85 is forecast to net about $7.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHAPE SHIFTER UNIT 80-85 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petroleum Op III, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 54795 |
| Wellbores | 4 |
| Reported production | 1,484,016 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $26.7M |
Where SHAPE SHIFTER UNIT 80-85 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.