MCELROY RANCH 119-1
MCELROY RANCH 119-1 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Sabre Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2004 to August 2026, totalling 6,585 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 $60K, with roughly $12K 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 17 barrels a month. Its strongest month on the record we hold was March 2021, at 39 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 MCELROY RANCH 119-1
- Who operates MCELROY RANCH 119-1?
- MCELROY RANCH 119-1 is operated by Sabre Operating, Inc., Railroad Commission of Texas operator number 742261.
- Where is MCELROY RANCH 119-1?
- MCELROY RANCH 119-1 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 15499.
- Is MCELROY RANCH 119-1 still producing?
- MCELROY RANCH 119-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY RANCH 119-1 is August 2026.
- How much has MCELROY RANCH 119-1 produced?
- MCELROY RANCH 119-1 has reported 6,585 barrels of oil (bbl) to the Railroad Commission of Texas between February 2004 and August 2026, from 1 wellbore.
- How much is MCELROY RANCH 119-1 worth?
- The remaining production from MCELROY RANCH 119-1 is estimated to be worth about $60K in total as of 26 August 2026, within a range of $33K to $87K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY RANCH 119-1 is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY RANCH 119-1 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 119-1 is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY RANCH 119-1 generate in a year?
- MCELROY RANCH 119-1 is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCELROY RANCH 119-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sabre Operating, Inc. |
|---|---|
| Field | Wilshire (Consolidated) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 15499 |
| Wellbores | 1 |
| Reported production | 6,585 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $60K |
Where MCELROY RANCH 119-1 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.