NICK
NICK is a Texas oil lease in Martin County, Railroad Commission district 08, operated by R K Petroleum Corp. It has 2 wellbores on file with the Commission. Reported production runs from August 2009 to August 2026, totalling 548,081 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 $623K, with roughly $329K 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 727 barrels a month, about 363 per wellbore. Its strongest month on the record we hold was May 2019, at 4,504 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 NICK
- Who operates NICK?
- NICK is operated by R K Petroleum Corp., Railroad Commission of Texas operator number 687130.
- Where is NICK?
- NICK is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39684.
- Is NICK still producing?
- NICK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICK is August 2026.
- How much has NICK produced?
- NICK has reported 548,081 barrels of oil (bbl) to the Railroad Commission of Texas between August 2009 and August 2026, from 2 wellbores.
- How much is NICK worth?
- The remaining production from NICK is estimated to be worth about $623K in total as of 26 August 2026, within a range of $486K to $760K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICK is a fraction of it. The estimate fits an Arps decline curve to the production NICK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICK is an estimate of value, not an offer and not an appraisal.
- How much income does NICK generate in a year?
- NICK is forecast to net about $329K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NICK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | R K Petroleum Corp. |
|---|---|
| Field | RK (Strawn) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 39684 |
| Wellbores | 2 |
| Reported production | 548,081 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $623K |
Where NICK 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.