FARMERS OIL CO.
FARMERS OIL CO. is a Texas oil lease in Houston County, Railroad Commission district 03, operated by Parten Oil Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 312,884 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 $364K 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 545 barrels a month, about 272 per wellbore. Its strongest month on the record we hold was July 2016, at 1,153 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 FARMERS OIL CO.
- Who operates FARMERS OIL CO.?
- FARMERS OIL CO. is operated by Parten Oil Co., Railroad Commission of Texas operator number 642715.
- Where is FARMERS OIL CO.?
- FARMERS OIL CO. is a Texas oil lease in Houston County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11948.
- Is FARMERS OIL CO. still producing?
- FARMERS OIL CO. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FARMERS OIL CO. is August 2026.
- How much has FARMERS OIL CO. produced?
- FARMERS OIL CO. has reported 312,884 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is FARMERS OIL CO. worth?
- The remaining production from FARMERS OIL CO. is estimated to be worth about $1.6M in total as of 27 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FARMERS OIL CO. is a fraction of it. The estimate fits an Arps decline curve to the production FARMERS OIL CO. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FARMERS OIL CO. is an estimate of value, not an offer and not an appraisal.
- How much income does FARMERS OIL CO. generate in a year?
- FARMERS OIL CO. is forecast to net about $364K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FARMERS OIL CO. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parten Oil Co. |
|---|---|
| Field | Fort Trinidad, W.(Dexter) |
| County | Houston County, Texas |
| RRC district | 03 |
| Lease number | 11948 |
| Wellbores | 2 |
| Reported production | 312,884 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where FARMERS OIL CO. 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.