MCELROY RANCH 117
MCELROY RANCH 117 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Arco Permian. It has 4 wellbores on file with the Commission. Reported production runs from March 1997 to August 2026, totalling 105,987 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 $1.1M, with roughly $178K 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 144 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was July 2021, at 1,401 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 MCELROY RANCH 117
- Who operates MCELROY RANCH 117?
- MCELROY RANCH 117 is operated by Arco Permian, Railroad Commission of Texas operator number 029347.
- Where is MCELROY RANCH 117?
- MCELROY RANCH 117 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 14550.
- Is MCELROY RANCH 117 still producing?
- MCELROY RANCH 117 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY RANCH 117 is August 2026.
- How much has MCELROY RANCH 117 produced?
- MCELROY RANCH 117 has reported 105,987 barrels of oil (bbl) to the Railroad Commission of Texas between March 1997 and August 2026, from 4 wellbores.
- How much is MCELROY RANCH 117 worth?
- The remaining production from MCELROY RANCH 117 is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $869K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY RANCH 117 is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY RANCH 117 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCELROY RANCH 117 is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY RANCH 117 generate in a year?
- MCELROY RANCH 117 is forecast to net about $178K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCELROY RANCH 117 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arco Permian |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 14550 |
| Wellbores | 4 |
| Reported production | 105,987 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where MCELROY RANCH 117 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.