ELAINE 48-1
ELAINE 48-1 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Parsley Energy Operations, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 11,351 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 $27K, with roughly $4K 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 11 barrels a month. Its strongest month on the record we hold was May 2016, at 277 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 ELAINE 48-1
- Who operates ELAINE 48-1?
- ELAINE 48-1 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is ELAINE 48-1?
- ELAINE 48-1 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19116.
- Is ELAINE 48-1 still producing?
- ELAINE 48-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELAINE 48-1 is August 2026.
- How much has ELAINE 48-1 produced?
- ELAINE 48-1 has reported 11,351 barrels of oil (bbl) to the Railroad Commission of Texas between June 2015 and August 2026, from 1 wellbore.
- How much is ELAINE 48-1 worth?
- The remaining production from ELAINE 48-1 is estimated to be worth about $27K in total as of 27 August 2026, within a range of $15K to $39K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELAINE 48-1 is a fraction of it. The estimate fits an Arps decline curve to the production ELAINE 48-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELAINE 48-1 is an estimate of value, not an offer and not an appraisal.
- How much income does ELAINE 48-1 generate in a year?
- ELAINE 48-1 is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELAINE 48-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Pegasus (Consolidated) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19116 |
| Wellbores | 1 |
| Reported production | 11,351 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $27K |
Where ELAINE 48-1 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.