NAIL-P '1B'
NAIL-P '1B' is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Prime Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 56,413 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 $595K, with roughly $112K 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 130 barrels a month. Its strongest month on the record we hold was January 2018, at 853 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 NAIL-P '1B'
- Who operates NAIL-P '1B'?
- NAIL-P '1B' is operated by Prime Operating Company, Railroad Commission of Texas operator number 677770.
- Where is NAIL-P '1B'?
- NAIL-P '1B' is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47766.
- Is NAIL-P '1B' still producing?
- NAIL-P '1B' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NAIL-P '1B' is August 2026.
- How much has NAIL-P '1B' produced?
- NAIL-P '1B' has reported 56,413 barrels of oil (bbl) to the Railroad Commission of Texas between September 2014 and August 2026, from 1 wellbore.
- How much is NAIL-P '1B' worth?
- The remaining production from NAIL-P '1B' is estimated to be worth about $595K in total as of 27 August 2026, within a range of $464K to $726K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NAIL-P '1B' is a fraction of it. The estimate fits an Arps decline curve to the production NAIL-P '1B' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NAIL-P '1B' is an estimate of value, not an offer and not an appraisal.
- How much income does NAIL-P '1B' generate in a year?
- NAIL-P '1B' is forecast to net about $112K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NAIL-P '1B' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Prime Operating Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 47766 |
| Wellbores | 1 |
| Reported production | 56,413 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $595K |
Where NAIL-P '1B' 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.