ELM STATE UNIT 24-25

ELM STATE UNIT 24-25 is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 2 wellbores on file with the Commission. Reported production runs from February 2019 to August 2026, totalling 1,007,499 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 $11.8M, with roughly $3.2M 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 4,669 barrels a month, about 2,335 per wellbore. Its strongest month on the record we hold was March 2019, at 62,233 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 ELM STATE UNIT 24-25

Who operates ELM STATE UNIT 24-25?: ELM STATE UNIT 24-25 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
Where is ELM STATE UNIT 24-25?: ELM STATE UNIT 24-25 is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52507.
Is ELM STATE UNIT 24-25 still producing?: ELM STATE UNIT 24-25 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELM STATE UNIT 24-25 is August 2026.
How much has ELM STATE UNIT 24-25 produced?: ELM STATE UNIT 24-25 has reported 1,007,499 barrels of oil (bbl) to the Railroad Commission of Texas between February 2019 and August 2026, from 2 wellbores.
How much is ELM STATE UNIT 24-25 worth?: The remaining production from ELM STATE UNIT 24-25 is estimated to be worth about $11.8M in total as of 27 August 2026, within a range of $9.8M to $13.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELM STATE UNIT 24-25 is a fraction of it. The estimate fits an Arps decline curve to the production ELM STATE UNIT 24-25 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELM STATE UNIT 24-25 is an estimate of value, not an offer and not an appraisal.
How much income does ELM STATE UNIT 24-25 generate in a year?: ELM STATE UNIT 24-25 is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELM STATE UNIT 24-25 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

ELM STATE UNIT 24-25 as filed with the Railroad Commission of Texas
Operator	Parsley Energy Operations, LLC
Field	Phantom (Wolfcamp)
County	Pecos County, Texas
RRC district	08
Lease number	52507
Wellbores	2
Reported production	1,007,499 bbl
First reported	February 2019
Last reported	August 2026
Estimated royalty value	$11.8M

Where ELM STATE UNIT 24-25 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.