ELY UNIT 2
ELY UNIT 2 is a Texas oil lease in Milam County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 3 wellbores on file with the Commission. Reported production runs from June 1996 to August 2026, totalling 730,637 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 $2.6M, with roughly $898K 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 1,377 barrels a month, about 459 per wellbore. Its strongest month on the record we hold was August 2017, at 19,610 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 ELY UNIT 2
- Who operates ELY UNIT 2?
- ELY UNIT 2 is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is ELY UNIT 2?
- ELY UNIT 2 is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23025.
- Is ELY UNIT 2 still producing?
- ELY UNIT 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELY UNIT 2 is August 2026.
- How much has ELY UNIT 2 produced?
- ELY UNIT 2 has reported 730,637 barrels of oil (bbl) to the Railroad Commission of Texas between June 1996 and August 2026, from 3 wellbores.
- How much is ELY UNIT 2 worth?
- The remaining production from ELY UNIT 2 is estimated to be worth about $2.6M in total as of 26 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELY UNIT 2 is a fraction of it. The estimate fits an Arps decline curve to the production ELY UNIT 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELY UNIT 2 is an estimate of value, not an offer and not an appraisal.
- How much income does ELY UNIT 2 generate in a year?
- ELY UNIT 2 is forecast to net about $898K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELY UNIT 2 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 | 23025 |
| Wellbores | 3 |
| Reported production | 730,637 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where ELY UNIT 2 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.