MCELROY RANCH CO. "L"
MCELROY RANCH CO. "L" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Chevron U. S. A. Inc. It has 3 wellbores on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 31,034 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 $11K, with roughly $2K 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, about 4 per wellbore. Its strongest month on the record we hold was November 2024, at 220 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 CO. "L"
- Who operates MCELROY RANCH CO. "L"?
- MCELROY RANCH CO. "L" is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MCELROY RANCH CO. "L"?
- MCELROY RANCH CO. "L" is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17611.
- Is MCELROY RANCH CO. "L" still producing?
- MCELROY RANCH CO. "L" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELROY RANCH CO. "L" is August 2026.
- How much has MCELROY RANCH CO. "L" produced?
- MCELROY RANCH CO. "L" has reported 31,034 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 3 wellbores.
- How much is MCELROY RANCH CO. "L" worth?
- The remaining production from MCELROY RANCH CO. "L" is estimated to be worth about $11K in total as of 26 August 2026, within a range of $6K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY RANCH CO. "L" is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY RANCH CO. "L" 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 CO. "L" is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY RANCH CO. "L" generate in a year?
- MCELROY RANCH CO. "L" is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCELROY RANCH CO. "L" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 17611 |
| Wellbores | 3 |
| Reported production | 31,034 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11K |
Where MCELROY RANCH CO. "L" 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.