NICHOLS 17
NICHOLS 17 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 5 wellbores on file with the Commission. Reported production runs from July 2011 to August 2026, totalling 255,237 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 $473K, with roughly $82K 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 252 barrels a month, about 50 per wellbore. Its strongest month on the record we hold was November 2016, at 2,218 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 NICHOLS 17
- Who operates NICHOLS 17?
- NICHOLS 17 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is NICHOLS 17?
- NICHOLS 17 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41372.
- Is NICHOLS 17 still producing?
- NICHOLS 17 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICHOLS 17 is August 2026.
- How much has NICHOLS 17 produced?
- NICHOLS 17 has reported 255,237 barrels of oil (bbl) to the Railroad Commission of Texas between July 2011 and August 2026, from 5 wellbores.
- How much is NICHOLS 17 worth?
- The remaining production from NICHOLS 17 is estimated to be worth about $473K in total as of 26 August 2026, within a range of $369K to $577K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICHOLS 17 is a fraction of it. The estimate fits an Arps decline curve to the production NICHOLS 17 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICHOLS 17 is an estimate of value, not an offer and not an appraisal.
- How much income does NICHOLS 17 generate in a year?
- NICHOLS 17 is forecast to net about $82K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NICHOLS 17 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cobra Oil & Gas Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 41372 |
| Wellbores | 5 |
| Reported production | 255,237 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $473K |
Where NICHOLS 17 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.