ELAND STATE "14"
ELAND STATE "14" is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 10 wellbores on file with the Commission. Reported production runs from July 2011 to August 2026, totalling 1,304,512 barrels. The lease is intermittent. 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 $1.9M, with roughly $1.2M 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 584 barrels a month, about 58 per wellbore. Its strongest month on the record we hold was May 2016, at 36,101 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 ELAND STATE "14"
- Who operates ELAND STATE "14"?
- ELAND STATE "14" is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is ELAND STATE "14"?
- ELAND STATE "14" is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42726.
- Is ELAND STATE "14" still producing?
- ELAND STATE "14" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for ELAND STATE "14" is August 2026.
- How much has ELAND STATE "14" produced?
- ELAND STATE "14" has reported 1,304,512 barrels of oil (bbl) to the Railroad Commission of Texas between July 2011 and August 2026, from 10 wellbores.
- How much is ELAND STATE "14" worth?
- The remaining production from ELAND STATE "14" is estimated to be worth about $1.9M in total as of 27 August 2026, within a range of $1.5M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELAND STATE "14" is a fraction of it. The estimate fits an Arps decline curve to the production ELAND STATE "14" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELAND STATE "14" is an estimate of value, not an offer and not an appraisal.
- How much income does ELAND STATE "14" generate in a year?
- ELAND STATE "14" is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELAND STATE "14" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 42726 |
| Wellbores | 10 |
| Reported production | 1,304,512 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where ELAND STATE "14" 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.