IRA, N. E.
IRA, N. E. is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Sharp Image Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 1998 to August 2026, totalling 672,446 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 $379K 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 534 barrels a month. Its strongest month on the record we hold was June 2016, at 1,318 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 IRA, N. E.
- Who operates IRA, N. E.?
- IRA, N. E. is operated by Sharp Image Energy, Inc., Railroad Commission of Texas operator number 770731.
- Where is IRA, N. E.?
- IRA, N. E. is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67931.
- Is IRA, N. E. still producing?
- IRA, N. E. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IRA, N. E. is August 2026.
- How much has IRA, N. E. produced?
- IRA, N. E. has reported 672,446 barrels of oil (bbl) to the Railroad Commission of Texas between March 1998 and August 2026, from 1 wellbore.
- How much is IRA, N. E. worth?
- The remaining production from IRA, N. E. 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 IRA, N. E. is a fraction of it. The estimate fits an Arps decline curve to the production IRA, N. E. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IRA, N. E. is an estimate of value, not an offer and not an appraisal.
- How much income does IRA, N. E. generate in a year?
- IRA, N. E. is forecast to net about $379K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in IRA, N. E. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sharp Image Energy, Inc. |
|---|---|
| Field | Tri-Rue (Reef) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 67931 |
| Wellbores | 1 |
| Reported production | 672,446 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where IRA, N. E. 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.