FIRST NATIONAL TRUST
FIRST NATIONAL TRUST is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Courson Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 705,542 thousand cubic feet. 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 $43K, with roughly $6K 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 214 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 522 thousand cubic feet. 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 FIRST NATIONAL TRUST
- Who operates FIRST NATIONAL TRUST?
- FIRST NATIONAL TRUST is operated by Courson Oil & Gas, Inc., Railroad Commission of Texas operator number 182785.
- Where is FIRST NATIONAL TRUST?
- FIRST NATIONAL TRUST is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 108008.
- Is FIRST NATIONAL TRUST still producing?
- FIRST NATIONAL TRUST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIRST NATIONAL TRUST is August 2026.
- How much has FIRST NATIONAL TRUST produced?
- FIRST NATIONAL TRUST has reported 705,542 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FIRST NATIONAL TRUST worth?
- The remaining production from FIRST NATIONAL TRUST is estimated to be worth about $43K in total as of 27 August 2026, within a range of $34K to $53K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIRST NATIONAL TRUST is a fraction of it. The estimate fits an Arps decline curve to the production FIRST NATIONAL TRUST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIRST NATIONAL TRUST is an estimate of value, not an offer and not an appraisal.
- How much income does FIRST NATIONAL TRUST generate in a year?
- FIRST NATIONAL TRUST is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FIRST NATIONAL TRUST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Courson Oil & Gas, Inc. |
|---|---|
| Field | Ellis Ranch (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 108008 |
| Wellbores | 1 |
| Reported production | 705,542 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $43K |
Where FIRST NATIONAL TRUST 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.