ELY
ELY is a Texas oil lease in Milam County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from June 1999 to August 2026, totalling 152,390 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 $698K, with roughly $132K 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 186 barrels a month. Its strongest month on the record we hold was August 2021, at 692 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 ELY
- Who operates ELY?
- ELY is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is ELY?
- ELY is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23719.
- Is ELY still producing?
- ELY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELY is August 2026.
- How much has ELY produced?
- ELY has reported 152,390 barrels of oil (bbl) to the Railroad Commission of Texas between June 1999 and August 2026, from 1 wellbore.
- How much is ELY worth?
- The remaining production from ELY is estimated to be worth about $698K in total as of 26 August 2026, within a range of $544K to $851K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELY is a fraction of it. The estimate fits an Arps decline curve to the production ELY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELY is an estimate of value, not an offer and not an appraisal.
- How much income does ELY generate in a year?
- ELY is forecast to net about $132K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Milam County, Texas |
| RRC district | 03 |
| Lease number | 23719 |
| Wellbores | 1 |
| Reported production | 152,390 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $698K |
Where ELY 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.