NOBLES, S.
NOBLES, S. is a Texas oil lease in Rusk County, Railroad Commission district 06, operated by Circle "M" Energy Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 96,299 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 $686K, with roughly $132K 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 189 barrels a month, about 94 per wellbore. Its strongest month on the record we hold was August 2021, at 328 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 NOBLES, S.
- Who operates NOBLES, S.?
- NOBLES, S. is operated by Circle "M" Energy Inc., Railroad Commission of Texas operator number 153999.
- Where is NOBLES, S.?
- NOBLES, S. is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 05425.
- Is NOBLES, S. still producing?
- NOBLES, S. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NOBLES, S. is August 2026.
- How much has NOBLES, S. produced?
- NOBLES, S. has reported 96,299 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is NOBLES, S. worth?
- The remaining production from NOBLES, S. is estimated to be worth about $686K in total as of 27 August 2026, within a range of $535K to $837K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NOBLES, S. is a fraction of it. The estimate fits an Arps decline curve to the production NOBLES, S. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NOBLES, S. is an estimate of value, not an offer and not an appraisal.
- How much income does NOBLES, S. generate in a year?
- NOBLES, S. is forecast to net about $132K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NOBLES, S. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Circle "M" Energy Inc. |
|---|---|
| Field | Good Springs, W. (Woodbine) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 05425 |
| Wellbores | 2 |
| Reported production | 96,299 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $686K |
Where NOBLES, S. 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.