ERNEST "S"
ERNEST "S" 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 June 2011 to August 2026, totalling 45,839 barrels. The lease is intermittent. 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 $6K, with roughly $1K 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 barrels a month. Its strongest month on the record we hold was November 2016, at 355 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 "S"
- Who operates ERNEST "S"?
- ERNEST "S" is operated by King Operating Corporation, Railroad Commission of Texas operator number 465296.
- Where is ERNEST "S"?
- ERNEST "S" is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70013.
- Is ERNEST "S" still producing?
- ERNEST "S" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for ERNEST "S" is August 2026.
- How much has ERNEST "S" produced?
- ERNEST "S" has reported 45,839 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 1 wellbore.
- How much is ERNEST "S" worth?
- The remaining production from ERNEST "S" is estimated to be worth about $6K in total as of 27 August 2026, within a range of $0 to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ERNEST "S" is a fraction of it. The estimate fits an Arps decline curve to the production ERNEST "S" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ERNEST "S" is an estimate of value, not an offer and not an appraisal.
- How much income does ERNEST "S" generate in a year?
- ERNEST "S" is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ERNEST "S" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | King Operating Corporation |
|---|---|
| Field | Mirage (Strawn) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 70013 |
| Wellbores | 1 |
| Reported production | 45,839 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6K |
Where ERNEST "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.