ERNEST 34
ERNEST 34 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 November 2011 to August 2026, totalling 43,663 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 $228K, with roughly $44K 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 62 barrels a month. Its strongest month on the record we hold was June 2017, at 347 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 ERNEST 34
- Who operates ERNEST 34?
- ERNEST 34 is operated by King Operating Corporation, Railroad Commission of Texas operator number 465296.
- Where is ERNEST 34?
- ERNEST 34 is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70439.
- Is ERNEST 34 still producing?
- ERNEST 34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ERNEST 34 is August 2026.
- How much has ERNEST 34 produced?
- ERNEST 34 has reported 43,663 barrels of oil (bbl) to the Railroad Commission of Texas between November 2011 and August 2026, from 1 wellbore.
- How much is ERNEST 34 worth?
- The remaining production from ERNEST 34 is estimated to be worth about $228K in total as of 26 August 2026, within a range of $125K to $331K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ERNEST 34 is a fraction of it. The estimate fits an Arps decline curve to the production ERNEST 34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ERNEST 34 is an estimate of value, not an offer and not an appraisal.
- How much income does ERNEST 34 generate in a year?
- ERNEST 34 is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ERNEST 34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | King Operating Corporation |
|---|---|
| Field | Earnest (6500 Sand) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 70439 |
| Wellbores | 1 |
| Reported production | 43,663 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $228K |
Where ERNEST 34 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.