FIRST NATIONAL (SHALLOW)
FIRST NATIONAL (SHALLOW) is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Staley, Jack C. It has 28 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 60,168 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 $791K, with roughly $197K 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 275 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was November 2021, at 935 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 NATIONAL (SHALLOW)
- Who operates FIRST NATIONAL (SHALLOW)?
- FIRST NATIONAL (SHALLOW) is operated by Staley, Jack C., Railroad Commission of Texas operator number 811220.
- Where is FIRST NATIONAL (SHALLOW)?
- FIRST NATIONAL (SHALLOW) is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 17833.
- Is FIRST NATIONAL (SHALLOW) still producing?
- FIRST NATIONAL (SHALLOW) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIRST NATIONAL (SHALLOW) is August 2026.
- How much has FIRST NATIONAL (SHALLOW) produced?
- FIRST NATIONAL (SHALLOW) has reported 60,168 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 28 wellbores.
- How much is FIRST NATIONAL (SHALLOW) worth?
- The remaining production from FIRST NATIONAL (SHALLOW) is estimated to be worth about $791K in total as of 27 August 2026, within a range of $617K to $965K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIRST NATIONAL (SHALLOW) is a fraction of it. The estimate fits an Arps decline curve to the production FIRST NATIONAL (SHALLOW) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIRST NATIONAL (SHALLOW) is an estimate of value, not an offer and not an appraisal.
- How much income does FIRST NATIONAL (SHALLOW) generate in a year?
- FIRST NATIONAL (SHALLOW) is forecast to net about $197K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FIRST NATIONAL (SHALLOW) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Staley, Jack C. |
|---|---|
| Field | Wichita County Regular |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 17833 |
| Wellbores | 28 |
| Reported production | 60,168 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $791K |
Where FIRST NATIONAL (SHALLOW) 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.