BAILES-PARMENTER-JONES UNIT #1A
BAILES-PARMENTER-JONES UNIT #1A is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by Romac Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 1997 to August 2026, totalling 38,150 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 $118K, with roughly $23K 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 32 barrels a month. Its strongest month on the record we hold was May 2019, at 159 barrels. 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 BAILES-PARMENTER-JONES UNIT #1A
- Who operates BAILES-PARMENTER-JONES UNIT #1A?
- BAILES-PARMENTER-JONES UNIT #1A is operated by Romac Oil Company, Inc., Railroad Commission of Texas operator number 727003.
- Where is BAILES-PARMENTER-JONES UNIT #1A?
- BAILES-PARMENTER-JONES UNIT #1A is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28153.
- Is BAILES-PARMENTER-JONES UNIT #1A still producing?
- BAILES-PARMENTER-JONES UNIT #1A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAILES-PARMENTER-JONES UNIT #1A is August 2026.
- How much has BAILES-PARMENTER-JONES UNIT #1A produced?
- BAILES-PARMENTER-JONES UNIT #1A has reported 38,150 barrels of oil (bbl) to the Railroad Commission of Texas between May 1997 and August 2026, from 1 wellbore.
- How much is BAILES-PARMENTER-JONES UNIT #1A worth?
- The remaining production from BAILES-PARMENTER-JONES UNIT #1A is estimated to be worth about $118K in total as of 26 August 2026, within a range of $65K to $171K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAILES-PARMENTER-JONES UNIT #1A is a fraction of it. The estimate fits an Arps decline curve to the production BAILES-PARMENTER-JONES UNIT #1A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAILES-PARMENTER-JONES UNIT #1A is an estimate of value, not an offer and not an appraisal.
- How much income does BAILES-PARMENTER-JONES UNIT #1A generate in a year?
- BAILES-PARMENTER-JONES UNIT #1A is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAILES-PARMENTER-JONES UNIT #1A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Romac Oil Company, Inc. |
|---|---|
| Field | Bailes |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 28153 |
| Wellbores | 1 |
| Reported production | 38,150 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $118K |
Where BAILES-PARMENTER-JONES UNIT #1A 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.