FIRST NATIONAL BANK
FIRST NATIONAL BANK is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Abraxas Production Corporation. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 198,454 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 $540K, with roughly $104K 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 147 barrels a month, about 18 per wellbore. Its strongest month on the record we hold was June 2019, at 379 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 FIRST NATIONAL BANK
- Who operates FIRST NATIONAL BANK?
- FIRST NATIONAL BANK is operated by Abraxas Production Corporation, Railroad Commission of Texas operator number 003140.
- Where is FIRST NATIONAL BANK?
- FIRST NATIONAL BANK is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60457.
- Is FIRST NATIONAL BANK still producing?
- FIRST NATIONAL BANK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIRST NATIONAL BANK is August 2026.
- How much has FIRST NATIONAL BANK produced?
- FIRST NATIONAL BANK has reported 198,454 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is FIRST NATIONAL BANK worth?
- The remaining production from FIRST NATIONAL BANK is estimated to be worth about $540K in total as of 27 August 2026, within a range of $421K to $659K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIRST NATIONAL BANK is a fraction of it. The estimate fits an Arps decline curve to the production FIRST NATIONAL BANK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIRST NATIONAL BANK is an estimate of value, not an offer and not an appraisal.
- How much income does FIRST NATIONAL BANK generate in a year?
- FIRST NATIONAL BANK is forecast to net about $104K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FIRST NATIONAL BANK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Production Corporation |
|---|---|
| Field | Sharon Ridge (Clear Fork) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 60457 |
| Wellbores | 8 |
| Reported production | 198,454 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $540K |
Where FIRST NATIONAL BANK 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.