ERNEST "L"
ERNEST "L" 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 March 2009 to August 2026, totalling 136,123 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 $671K, with roughly $239K 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 480 barrels a month. Its strongest month on the record we hold was December 2024, at 1,273 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 ERNEST "L"
- Who operates ERNEST "L"?
- ERNEST "L" is operated by King Operating Corporation, Railroad Commission of Texas operator number 465296.
- Where is ERNEST "L"?
- ERNEST "L" is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69420.
- Is ERNEST "L" still producing?
- ERNEST "L" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ERNEST "L" is August 2026.
- How much has ERNEST "L" produced?
- ERNEST "L" has reported 136,123 barrels of oil (bbl) to the Railroad Commission of Texas between March 2009 and August 2026, from 1 wellbore.
- How much is ERNEST "L" worth?
- The remaining production from ERNEST "L" is estimated to be worth about $671K in total as of 27 August 2026, within a range of $524K to $819K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ERNEST "L" is a fraction of it. The estimate fits an Arps decline curve to the production ERNEST "L" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ERNEST "L" is an estimate of value, not an offer and not an appraisal.
- How much income does ERNEST "L" generate in a year?
- ERNEST "L" is forecast to net about $239K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ERNEST "L" 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 | 69420 |
| Wellbores | 1 |
| Reported production | 136,123 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $671K |
Where ERNEST "L" 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.