NICHOLS "A"
NICHOLS "A" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Stephens, Autry C. It has 3 wellbores on file with the Commission. Reported production runs from February 1999 to August 2026, totalling 125,909 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 $456K, with roughly $88K 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 101 barrels a month, about 34 per wellbore. Its strongest month on the record we hold was May 2016, at 1,121 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 NICHOLS "A"
- Who operates NICHOLS "A"?
- NICHOLS "A" is operated by Stephens, Autry C., Railroad Commission of Texas operator number 817550.
- Where is NICHOLS "A"?
- NICHOLS "A" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 35964.
- Is NICHOLS "A" still producing?
- NICHOLS "A" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICHOLS "A" is August 2026.
- How much has NICHOLS "A" produced?
- NICHOLS "A" has reported 125,909 barrels of oil (bbl) to the Railroad Commission of Texas between February 1999 and August 2026, from 3 wellbores.
- How much is NICHOLS "A" worth?
- The remaining production from NICHOLS "A" is estimated to be worth about $456K in total as of 27 August 2026, within a range of $356K to $557K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICHOLS "A" is a fraction of it. The estimate fits an Arps decline curve to the production NICHOLS "A" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICHOLS "A" is an estimate of value, not an offer and not an appraisal.
- How much income does NICHOLS "A" generate in a year?
- NICHOLS "A" is forecast to net about $88K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NICHOLS "A" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens, Autry C. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 35964 |
| Wellbores | 3 |
| Reported production | 125,909 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $456K |
Where NICHOLS "A" 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.