ELBERT STATE UNIT
ELBERT STATE UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 2,024,944 thousand cubic feet. 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 $91K, with roughly $59K 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 8,802 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 89,795 thousand cubic feet. 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 ELBERT STATE UNIT
- Who operates ELBERT STATE UNIT?
- ELBERT STATE UNIT is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is ELBERT STATE UNIT?
- ELBERT STATE UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 287219.
- Is ELBERT STATE UNIT still producing?
- ELBERT STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELBERT STATE UNIT is August 2026.
- How much has ELBERT STATE UNIT produced?
- ELBERT STATE UNIT has reported 2,024,944 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2018 and August 2026, from 1 wellbore.
- How much is ELBERT STATE UNIT worth?
- The remaining production from ELBERT STATE UNIT is estimated to be worth about $91K in total as of 26 August 2026, within a range of $75K to $106K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELBERT STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production ELBERT STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELBERT STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does ELBERT STATE UNIT generate in a year?
- ELBERT STATE UNIT is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELBERT STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Alpine High (Cons) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 287219 |
| Wellbores | 1 |
| Reported production | 2,024,944 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $91K |
Where ELBERT STATE UNIT 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.