NICOLE '3'
NICOLE '3' is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Petroplex Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 13,757 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 $248K, with roughly $48K 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 65 barrels a month. Its strongest month on the record we hold was December 2016, at 303 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 NICOLE '3'
- Who operates NICOLE '3'?
- NICOLE '3' is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is NICOLE '3'?
- NICOLE '3' is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70268.
- Is NICOLE '3' still producing?
- NICOLE '3' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICOLE '3' is August 2026.
- How much has NICOLE '3' produced?
- NICOLE '3' has reported 13,757 barrels of oil (bbl) to the Railroad Commission of Texas between May 2013 and August 2026, from 1 wellbore.
- How much is NICOLE '3' worth?
- The remaining production from NICOLE '3' is estimated to be worth about $248K in total as of 27 August 2026, within a range of $136K to $359K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICOLE '3' is a fraction of it. The estimate fits an Arps decline curve to the production NICOLE '3' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICOLE '3' is an estimate of value, not an offer and not an appraisal.
- How much income does NICOLE '3' generate in a year?
- NICOLE '3' is forecast to net about $48K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NICOLE '3' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Debra (Strawn) |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 70268 |
| Wellbores | 1 |
| Reported production | 13,757 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $248K |
Where NICOLE '3' 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.