ELIZABETH 314
ELIZABETH 314 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 315,684 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 $656K, with roughly $252K 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 403 barrels a month, about 202 per wellbore. Its strongest month on the record we hold was June 2017, at 16,516 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 ELIZABETH 314
- Who operates ELIZABETH 314?
- ELIZABETH 314 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is ELIZABETH 314?
- ELIZABETH 314 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09272.
- Is ELIZABETH 314 still producing?
- ELIZABETH 314 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELIZABETH 314 is August 2026.
- How much has ELIZABETH 314 produced?
- ELIZABETH 314 has reported 315,684 barrels of oil (bbl) to the Railroad Commission of Texas between December 2014 and August 2026, from 2 wellbores.
- How much is ELIZABETH 314 worth?
- The remaining production from ELIZABETH 314 is estimated to be worth about $656K in total as of 27 August 2026, within a range of $511K to $800K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELIZABETH 314 is a fraction of it. The estimate fits an Arps decline curve to the production ELIZABETH 314 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELIZABETH 314 is an estimate of value, not an offer and not an appraisal.
- How much income does ELIZABETH 314 generate in a year?
- ELIZABETH 314 is forecast to net about $252K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELIZABETH 314 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09272 |
| Wellbores | 2 |
| Reported production | 315,684 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $656K |
Where ELIZABETH 314 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.