NICHOLS
NICHOLS is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Davis & Carr Energy Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 84,929 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 $681K, with roughly $131K 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 199 barrels a month, about 99 per wellbore. Its strongest month on the record we hold was March 2020, at 606 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
- Who operates NICHOLS?
- NICHOLS is operated by Davis & Carr Energy Co., Railroad Commission of Texas operator number 203522.
- Where is NICHOLS?
- NICHOLS is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31409.
- Is NICHOLS still producing?
- NICHOLS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICHOLS is August 2026.
- How much has NICHOLS produced?
- NICHOLS has reported 84,929 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is NICHOLS worth?
- The remaining production from NICHOLS is estimated to be worth about $681K in total as of 26 August 2026, within a range of $531K to $830K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICHOLS is a fraction of it. The estimate fits an Arps decline curve to the production NICHOLS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICHOLS is an estimate of value, not an offer and not an appraisal.
- How much income does NICHOLS generate in a year?
- NICHOLS is forecast to net about $131K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NICHOLS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Davis & Carr Energy Co. |
|---|---|
| Field | Horselot (Strawn) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 31409 |
| Wellbores | 2 |
| Reported production | 84,929 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $681K |
Where NICHOLS 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.