SLINGSHOT ENGAGED UNIT 75-82
SLINGSHOT ENGAGED UNIT 75-82 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Element Petroleum Op III, LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2020 to August 2026, totalling 499,967 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 $12.3M, with roughly $2.7M 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 4,123 barrels a month, about 2,062 per wellbore. Its strongest month on the record we hold was November 2020, at 24,837 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SLINGSHOT ENGAGED UNIT 75-82
- Who operates SLINGSHOT ENGAGED UNIT 75-82?
- SLINGSHOT ENGAGED UNIT 75-82 is operated by Element Petroleum Op III, LLC, Railroad Commission of Texas operator number 247675.
- Where is SLINGSHOT ENGAGED UNIT 75-82?
- SLINGSHOT ENGAGED UNIT 75-82 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55243.
- Is SLINGSHOT ENGAGED UNIT 75-82 still producing?
- SLINGSHOT ENGAGED UNIT 75-82 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SLINGSHOT ENGAGED UNIT 75-82 is August 2026.
- How much has SLINGSHOT ENGAGED UNIT 75-82 produced?
- SLINGSHOT ENGAGED UNIT 75-82 has reported 499,967 barrels of oil (bbl) to the Railroad Commission of Texas between September 2020 and August 2026, from 2 wellbores.
- How much is SLINGSHOT ENGAGED UNIT 75-82 worth?
- The remaining production from SLINGSHOT ENGAGED UNIT 75-82 is estimated to be worth about $12.3M in total as of 27 August 2026, within a range of $10.2M to $14.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SLINGSHOT ENGAGED UNIT 75-82 is a fraction of it. The estimate fits an Arps decline curve to the production SLINGSHOT ENGAGED UNIT 75-82 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SLINGSHOT ENGAGED UNIT 75-82 is an estimate of value, not an offer and not an appraisal.
- How much income does SLINGSHOT ENGAGED UNIT 75-82 generate in a year?
- SLINGSHOT ENGAGED UNIT 75-82 is forecast to net about $2.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SLINGSHOT ENGAGED UNIT 75-82 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 | 55243 |
| Wellbores | 2 |
| Reported production | 499,967 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.3M |
Where SLINGSHOT ENGAGED UNIT 75-82 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.