PARKER UNIT NO. #3
PARKER UNIT NO. #3 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Smith, R. E. Interests, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1996 to August 2026, totalling 1,842,869 thousand cubic feet. 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 $15K, with roughly $2K 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 79 thousand cubic feet a month. Its strongest month on the record we hold was June 2016, at 4,035 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PARKER UNIT NO. #3
- Who operates PARKER UNIT NO. #3?
- PARKER UNIT NO. #3 is operated by Smith, R. E. Interests, Inc., Railroad Commission of Texas operator number 794925.
- Where is PARKER UNIT NO. #3?
- PARKER UNIT NO. #3 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 159194.
- Is PARKER UNIT NO. #3 still producing?
- PARKER UNIT NO. #3 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PARKER UNIT NO. #3 is August 2026.
- How much has PARKER UNIT NO. #3 produced?
- PARKER UNIT NO. #3 has reported 1,842,869 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1996 and August 2026, from 1 wellbore.
- How much is PARKER UNIT NO. #3 worth?
- The remaining production from PARKER UNIT NO. #3 is estimated to be worth about $15K in total as of 26 August 2026, within a range of $8K to $22K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKER UNIT NO. #3 is a fraction of it. The estimate fits an Arps decline curve to the production PARKER UNIT NO. #3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARKER UNIT NO. #3 is an estimate of value, not an offer and not an appraisal.
- How much income does PARKER UNIT NO. #3 generate in a year?
- PARKER UNIT NO. #3 is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PARKER UNIT NO. #3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Smith, R. E. Interests, Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 159194 |
| Wellbores | 1 |
| Reported production | 1,842,869 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $15K |
Where PARKER UNIT NO. #3 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.