NICHOLAS
NICHOLAS is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Centennial Resource Prod, LLC. It has 2 wellbores on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 454,996 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 $2.9M, with roughly $873K 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 1,446 barrels a month, about 723 per wellbore. Its strongest month on the record we hold was July 2017, at 12,127 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 NICHOLAS
- Who operates NICHOLAS?
- NICHOLAS is operated by Centennial Resource Prod, LLC, Railroad Commission of Texas operator number 141077.
- Where is NICHOLAS?
- NICHOLAS is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46023.
- Is NICHOLAS still producing?
- NICHOLAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICHOLAS is August 2026.
- How much has NICHOLAS produced?
- NICHOLAS has reported 454,996 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 2 wellbores.
- How much is NICHOLAS worth?
- The remaining production from NICHOLAS is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.4M to $3.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICHOLAS is a fraction of it. The estimate fits an Arps decline curve to the production NICHOLAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICHOLAS is an estimate of value, not an offer and not an appraisal.
- How much income does NICHOLAS generate in a year?
- NICHOLAS is forecast to net about $873K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NICHOLAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centennial Resource Prod, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46023 |
| Wellbores | 2 |
| Reported production | 454,996 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where NICHOLAS 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.