NIP
NIP is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Sunray Energy, Inc. It has 4 wellbores on file with the Commission. Reported production runs from September 1993 to August 2026, totalling 265,010 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 $2.4M, with roughly $537K 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 687 barrels a month, about 172 per wellbore. Its strongest month on the record we hold was December 2020, at 1,246 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 NIP
- Who operates NIP?
- NIP is operated by Sunray Energy, Inc., Railroad Commission of Texas operator number 829639.
- Where is NIP?
- NIP is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67140.
- Is NIP still producing?
- NIP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NIP is August 2026.
- How much has NIP produced?
- NIP has reported 265,010 barrels of oil (bbl) to the Railroad Commission of Texas between September 1993 and August 2026, from 4 wellbores.
- How much is NIP worth?
- The remaining production from NIP is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $1.8M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NIP is a fraction of it. The estimate fits an Arps decline curve to the production NIP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NIP is an estimate of value, not an offer and not an appraisal.
- How much income does NIP generate in a year?
- NIP is forecast to net about $537K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NIP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sunray Energy, Inc. |
|---|---|
| Field | Seminole Draw (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 67140 |
| Wellbores | 4 |
| Reported production | 265,010 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where NIP 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.