NAIL RANCH
NAIL RANCH is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Element Petro Operating II, LLC. It has 5 wellbores on file with the Commission. Reported production runs from October 2012 to August 2026, totalling 413,849 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 $2.2M, with roughly $817K 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 701 barrels a month, about 140 per wellbore. Its strongest month on the record we hold was April 2017, at 4,326 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 RANCH
- Who operates NAIL RANCH?
- NAIL RANCH is operated by Element Petro Operating II, LLC, Railroad Commission of Texas operator number 247685.
- Where is NAIL RANCH?
- NAIL RANCH is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45283.
- Is NAIL RANCH still producing?
- NAIL RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NAIL RANCH is August 2026.
- How much has NAIL RANCH produced?
- NAIL RANCH has reported 413,849 barrels of oil (bbl) to the Railroad Commission of Texas between October 2012 and August 2026, from 5 wellbores.
- How much is NAIL RANCH worth?
- The remaining production from NAIL RANCH is estimated to be worth about $2.2M in total as of 26 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NAIL RANCH is a fraction of it. The estimate fits an Arps decline curve to the production NAIL RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NAIL RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does NAIL RANCH generate in a year?
- NAIL RANCH is forecast to net about $817K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NAIL RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petro Operating II, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 45283 |
| Wellbores | 5 |
| Reported production | 413,849 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where NAIL RANCH 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.