EARNEST
EARNEST is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by King Operating Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 109,375 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 $448K, with roughly $86K 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 110 barrels a month. Its strongest month on the record we hold was June 2019, at 632 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 EARNEST
- Who operates EARNEST?
- EARNEST is operated by King Operating Corporation, Railroad Commission of Texas operator number 465296.
- Where is EARNEST?
- EARNEST is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69726.
- Is EARNEST still producing?
- EARNEST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EARNEST is August 2026.
- How much has EARNEST produced?
- EARNEST has reported 109,375 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 1 wellbore.
- How much is EARNEST worth?
- The remaining production from EARNEST is estimated to be worth about $448K in total as of 27 August 2026, within a range of $349K to $547K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EARNEST is a fraction of it. The estimate fits an Arps decline curve to the production EARNEST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EARNEST is an estimate of value, not an offer and not an appraisal.
- How much income does EARNEST generate in a year?
- EARNEST is forecast to net about $86K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EARNEST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | King Operating Corporation |
|---|---|
| Field | Hermleigh (Strawn) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 69726 |
| Wellbores | 1 |
| Reported production | 109,375 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $448K |
Where EARNEST 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.