ERNEST
ERNEST is a Texas oil lease in Harrison County, Railroad Commission district 06, operated by Brooks Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2019 to August 2026, totalling 83,636 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 $610K, with roughly $117K 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 176 barrels a month. Its strongest month on the record we hold was February 2020, at 8,433 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 ERNEST
- Who operates ERNEST?
- ERNEST is operated by Brooks Petroleum Company, Railroad Commission of Texas operator number 097323.
- Where is ERNEST?
- ERNEST is a Texas oil lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15742.
- Is ERNEST still producing?
- ERNEST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ERNEST is August 2026.
- How much has ERNEST produced?
- ERNEST has reported 83,636 barrels of oil (bbl) to the Railroad Commission of Texas between December 2019 and August 2026, from 1 wellbore.
- How much is ERNEST worth?
- The remaining production from ERNEST is estimated to be worth about $610K in total as of 26 August 2026, within a range of $476K to $744K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ERNEST is a fraction of it. The estimate fits an Arps decline curve to the production ERNEST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ERNEST is an estimate of value, not an offer and not an appraisal.
- How much income does ERNEST generate in a year?
- ERNEST is forecast to net about $117K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ERNEST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Brooks Petroleum Company |
|---|---|
| Field | Whelan (Pettit, Up.) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 15742 |
| Wellbores | 1 |
| Reported production | 83,636 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $610K |
Where ERNEST 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.