MCELROY RANCH
MCELROY RANCH is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 17,771 barrels. The lease is intermittent. 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 $255K, with roughly $40K 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 48 barrels a month. Its strongest month on the record we hold was November 2019, at 204 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
- Who operates MCELROY RANCH?
- MCELROY RANCH is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is MCELROY RANCH?
- MCELROY RANCH is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18596.
- Is MCELROY RANCH still producing?
- MCELROY RANCH is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MCELROY RANCH is August 2026.
- How much has MCELROY RANCH produced?
- MCELROY RANCH has reported 17,771 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 1 wellbore.
- How much is MCELROY RANCH worth?
- The remaining production from MCELROY RANCH is estimated to be worth about $255K in total as of 26 August 2026, within a range of $140K to $370K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELROY RANCH is a fraction of it. The estimate fits an Arps decline curve to the production MCELROY RANCH 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 is an estimate of value, not an offer and not an appraisal.
- How much income does MCELROY RANCH generate in a year?
- MCELROY RANCH is forecast to net about $40K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCELROY RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 18596 |
| Wellbores | 1 |
| Reported production | 17,771 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $255K |
Where MCELROY RANCH 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.