FIRST
FIRST is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Russell, C. M. Oil Company. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 446,890 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 $1.6M, with roughly $355K 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 515 barrels a month, about 57 per wellbore. Its strongest month on the record we hold was September 2020, at 788 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 FIRST
- Who operates FIRST?
- FIRST is operated by Russell, C. M. Oil Company, Railroad Commission of Texas operator number 735251.
- Where is FIRST?
- FIRST is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60498.
- Is FIRST still producing?
- FIRST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIRST is August 2026.
- How much has FIRST produced?
- FIRST has reported 446,890 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is FIRST worth?
- The remaining production from FIRST is estimated to be worth about $1.6M in total as of 27 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIRST is a fraction of it. The estimate fits an Arps decline curve to the production FIRST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIRST is an estimate of value, not an offer and not an appraisal.
- How much income does FIRST generate in a year?
- FIRST is forecast to net about $355K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FIRST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Russell, C. M. Oil Company |
|---|---|
| Field | Sharon Ridge (Clear Fork) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 60498 |
| Wellbores | 9 |
| Reported production | 446,890 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where FIRST 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.