NIX 16
NIX 16 is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Apache Corporation. It has 18 wellbores on file with the Commission. Reported production runs from April 2011 to August 2026, totalling 1,453,756 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 $3.6M, with roughly $1.0M 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 1,186 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was October 2016, at 16,014 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 NIX 16
- Who operates NIX 16?
- NIX 16 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is NIX 16?
- NIX 16 is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41194.
- Is NIX 16 still producing?
- NIX 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NIX 16 is August 2026.
- How much has NIX 16 produced?
- NIX 16 has reported 1,453,756 barrels of oil (bbl) to the Railroad Commission of Texas between April 2011 and August 2026, from 18 wellbores.
- How much is NIX 16 worth?
- The remaining production from NIX 16 is estimated to be worth about $3.6M in total as of 27 August 2026, within a range of $3.0M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NIX 16 is a fraction of it. The estimate fits an Arps decline curve to the production NIX 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NIX 16 is an estimate of value, not an offer and not an appraisal.
- How much income does NIX 16 generate in a year?
- NIX 16 is forecast to net about $1.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NIX 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 41194 |
| Wellbores | 18 |
| Reported production | 1,453,756 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where NIX 16 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.