NICHOLS
NICHOLS is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by RJD Management Co., Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 75,459 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 $695K, with roughly $134K 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 173 barrels a month, about 43 per wellbore. Its strongest month on the record we hold was May 2016, at 342 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 NICHOLS
- Who operates NICHOLS?
- NICHOLS is operated by RJD Management Co., Inc., Railroad Commission of Texas operator number 714267.
- Where is NICHOLS?
- NICHOLS is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66588.
- Is NICHOLS still producing?
- NICHOLS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICHOLS is August 2026.
- How much has NICHOLS produced?
- NICHOLS has reported 75,459 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is NICHOLS worth?
- The remaining production from NICHOLS is estimated to be worth about $695K in total as of 26 August 2026, within a range of $542K to $848K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICHOLS is a fraction of it. The estimate fits an Arps decline curve to the production NICHOLS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NICHOLS is an estimate of value, not an offer and not an appraisal.
- How much income does NICHOLS generate in a year?
- NICHOLS is forecast to net about $134K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NICHOLS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | RJD Management Co., Inc. |
|---|---|
| Field | Revilo (Clear Fork) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 66588 |
| Wellbores | 4 |
| Reported production | 75,459 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $695K |
Where NICHOLS 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.