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Texas oil lease

Producing

ELWOOD 16

Elwood 16 is an oil lease in Upton County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field.

6 wells

2,235bbl oil, last 12 months−48% vs prior year
RRC lease
7C-18578

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
12,237 mcf
Oil in Jul 2026
20 bbl

Production by month

Oil output fell 48% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for ELWOOD 16, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 2,235 bbl in the 12 months through Jul 2026, against 4,319 bbl in the 12 months before.Last 12 months: 2,235 bblbbl per monthmcf per month002005,00040010k60015k80020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for ELWOOD 16, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 2,235 bbl in the 12 months through Jul 2026, against 4,319 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005,00040010k60015k80020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

90% of the gas went to a processing plant in the last 12 months

Flaring peaked at 100.0% of the gas in Oct 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
90% of the gas went to a processing plant in the last 12 monthsShare of ELWOOD 16 gas by disposition code each month, Aug 2023 to Jul 2026. 90% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Oct 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
90% of the gas went to a processing plant in the last 12 monthsShare of ELWOOD 16 gas by disposition code each month, Aug 2023 to Jul 2026. 90% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Oct 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    90% · 15,982 mcf

  • Lease fuel (1)

    8.9% · 1,568 mcf

  • Flared (4)

    0.7% · 116 mcf

0.7% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2021

Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on ELWOOD 16
API numberWell no.Status
42-461-386261Shut-in
42-461-388302Shut-in
42-461-388933Active
42-461-390364Active
42-461-392035Shut-in
42-461-393256Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers50Feb 1, 2021–
Shell Trading (Us) CompanyOilGathers50Feb 1, 2021–
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Feb 1, 2021–
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Feb 1, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015Feb 1, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015Feb 1, 2021
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015Feb 1, 2021

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

480 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 480 and 500.25 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Elwood 16
API numberWell no.Acreson the permit
42-461-386261480
42-461-393256500.25
42-461-392035500.25
42-461-390364500.25
42-461-388933480
42-461-388302500.25

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for ELWOOD 16
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pioneer Natural2005032550$80.46$2.89
Jun 2026Pioneer Natural561561,4831,2430$84.81$3.15
May 2026Pioneer Natural5546212,9702,7220$102.13$2.94
Apr 2026Pioneer Natural2392712,5012,4050$100.32$2.77
Mar 2026Pioneer Natural6714721,8181,8180$91.38$3.04
Feb 2026Pioneer Natural5608788780$64.51$3.62
Jan 2026Pioneer Natural091000$60.04$7.72
Dec 2025Pioneer Natural16027136232735$57.97$4.26
Nov 2025Pioneer Natural25517514510045$60.06$3.79
Oct 2025Pioneer Natural3036036$60.89$3.19
Sep 2025Pioneer Natural058000$63.96$2.97
Aug 2025Pioneer Natural2212461,5411,2930$64.86$2.91
Jul 2025Pioneer Natural3082483,3593,1110$68.39$3.20
Jun 2025Pioneer Natural2352582,0701,8300$68.17$3.02
May 2025Pioneer Natural1481681,4281,1800$62.17$3.12
Apr 2025Pioneer Natural2251591,5001,2600$63.54$3.42
Mar 2025Pioneer Natural2343143,1662,9180$68.24$4.12
Feb 2025Pioneer Natural3834964,5614,31225$71.53$4.19
Jan 2025Pioneer Natural5794575,8875,58950$75.74$4.13
Dec 2024Pioneer Natural3462993,6093,34516$70.12$3.01
Nov 2024Pioneer Natural4956006,1385,8980$69.95$2.12
Oct 2024Pioneer Natural4453397,1616,9130$71.99$2.20
Sep 2024Pioneer Natural5036077,5167,2760$70.24$2.28
Aug 2024Pioneer Natural4182878,1337,8841$76.68$1.99
Jul 2024Pioneer Natural851122,3372,0890$81.80$2.07
Jun 2024Pioneer Natural2413267,9937,7530$79.77$2.54
May 2024Pioneer Natural4705549,3199,0710$80.02$2.12
Apr 2024Pioneer Natural3964099,8219,5810$85.35$1.60
Mar 2024Pioneer Natural34433310,1209,8720$81.28$1.49
Feb 2024Pioneer Natural2372967,9417,7090$77.25$1.72
Jan 2024Pioneer Natural45653811,15810,9100$74.15$3.18
Dec 2023Pioneer Natural72471312,51212,2640$71.90$2.52
Nov 2023Pioneer Natural75250012,95812,7180$77.69$2.71
Oct 2023Pioneer Natural35640811,24811,0000$85.64$2.98
Sep 2023Pioneer Natural79075012,11811,8780$89.43$2.64
Aug 2023Pioneer Natural62761212,12411,8760$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

Pioneer Natural Res. USA, Inc. in Upton County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) R 40 Exc field

All leases in this field →

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Drilling permits within 10 km