P.L. FULLER NCT-1
P.L. FULLER NCT-1 is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Occidental Permian Ltd. It has 4 wellbores on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 480,300 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 $5.8M, with roughly $1.6M 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 2,364 barrels a month, about 591 per wellbore. Its strongest month on the record we hold was December 2021, at 14,881 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 P.L. FULLER NCT-1
- Who operates P.L. FULLER NCT-1?
- P.L. FULLER NCT-1 is operated by Occidental Permian Ltd., Railroad Commission of Texas operator number 617544.
- Where is P.L. FULLER NCT-1?
- P.L. FULLER NCT-1 is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70306.
- Is P.L. FULLER NCT-1 still producing?
- P.L. FULLER NCT-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for P.L. FULLER NCT-1 is August 2026.
- How much has P.L. FULLER NCT-1 produced?
- P.L. FULLER NCT-1 has reported 480,300 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 4 wellbores.
- How much is P.L. FULLER NCT-1 worth?
- The remaining production from P.L. FULLER NCT-1 is estimated to be worth about $5.8M in total as of 26 August 2026, within a range of $4.8M to $6.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in P.L. FULLER NCT-1 is a fraction of it. The estimate fits an Arps decline curve to the production P.L. FULLER NCT-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for P.L. FULLER NCT-1 is an estimate of value, not an offer and not an appraisal.
- How much income does P.L. FULLER NCT-1 generate in a year?
- P.L. FULLER NCT-1 is forecast to net about $1.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in P.L. FULLER NCT-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Occidental Permian Ltd. |
|---|---|
| Field | Fuller (Strawn -B- ) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 70306 |
| Wellbores | 4 |
| Reported production | 480,300 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.8M |
Where P.L. FULLER NCT-1 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.