MCELROY, J. T., CONS.

MCELROY, J. T., CONS. is a Texas oil lease in Upton County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 1,911 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 77,207,360 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 $251.1M, with roughly $56.7M 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 91,167 barrels a month, about 48 per wellbore. Its strongest month on the record we hold was September 2016, at 159,300 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MCELROY, J. T., CONS.

Who operates MCELROY, J. T., CONS.?: MCELROY, J. T., CONS. is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
Where is MCELROY, J. T., CONS.?: MCELROY, J. T., CONS. is a Texas oil lease in Upton County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 04161.
Is MCELROY, J. T., CONS. still producing?: MCELROY, J. T., CONS. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY, J. T., CONS. is August 2026.
How much has MCELROY, J. T., CONS. produced?: MCELROY, J. T., CONS. has reported 77,207,360 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1,911 wellbores.
How much is MCELROY, J. T., CONS. worth?: The remaining production from MCELROY, J. T., CONS. is estimated to be worth about $251.1M in total as of 27 August 2026, within a range of $205.9M to $296.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY, J. T., CONS. is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY, J. T., CONS. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCELROY, J. T., CONS. is an estimate of value, not an offer and not an appraisal.
How much income does MCELROY, J. T., CONS. generate in a year?: MCELROY, J. T., CONS. is forecast to net about $56.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCELROY, J. T., CONS. receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

MCELROY, J. T., CONS. as filed with the Railroad Commission of Texas
Operator	Chevron U. S. A. Inc.
Field	Mcelroy
County	Upton County, Texas
RRC district	08
Lease number	04161
Wellbores	1,911
Reported production	77,207,360 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$251.1M

Where MCELROY, J. T., CONS. 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.