MCELYEA, J.H.-1-B-
MCELYEA, J.H.-1-B- is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Fair Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,123 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 $121K, with roughly $18K 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 10 barrels a month. Its strongest month on the record we hold was October 2018, at 161 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MCELYEA, J.H.-1-B-
- Who operates MCELYEA, J.H.-1-B-?
- MCELYEA, J.H.-1-B- is operated by Fair Oil Company, Railroad Commission of Texas operator number 258400.
- Where is MCELYEA, J.H.-1-B-?
- MCELYEA, J.H.-1-B- is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 05880.
- Is MCELYEA, J.H.-1-B- still producing?
- MCELYEA, J.H.-1-B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCELYEA, J.H.-1-B- is August 2026.
- How much has MCELYEA, J.H.-1-B- produced?
- MCELYEA, J.H.-1-B- has reported 21,123 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MCELYEA, J.H.-1-B- worth?
- The remaining production from MCELYEA, J.H.-1-B- is estimated to be worth about $121K in total as of 27 August 2026, within a range of $0 to $242K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCELYEA, J.H.-1-B- is a fraction of it. The estimate fits an Arps decline curve to the production MCELYEA, J.H.-1-B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCELYEA, J.H.-1-B- is an estimate of value, not an offer and not an appraisal.
- How much income does MCELYEA, J.H.-1-B- generate in a year?
- MCELYEA, J.H.-1-B- is forecast to net about $18K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCELYEA, J.H.-1-B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fair Oil Company |
|---|---|
| Field | Manziel (Rodessa -V-) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 05880 |
| Wellbores | 1 |
| Reported production | 21,123 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $121K |
Where MCELYEA, J.H.-1-B- 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.