WILLIAMS -16-
WILLIAMS -16- is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Parker & Parsley Development Co. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 29,912 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 $3K, with roughly $628 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 1 barrels a month. Its strongest month on the record we hold was September 2016, at 34 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 WILLIAMS -16-
- Who operates WILLIAMS -16-?
- WILLIAMS -16- is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is WILLIAMS -16-?
- WILLIAMS -16- is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 10518.
- Is WILLIAMS -16- still producing?
- WILLIAMS -16- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WILLIAMS -16- is August 2026.
- How much has WILLIAMS -16- produced?
- WILLIAMS -16- has reported 29,912 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is WILLIAMS -16- worth?
- The remaining production from WILLIAMS -16- is estimated to be worth about $3K in total as of 27 August 2026, within a range of $0 to $7K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WILLIAMS -16- is a fraction of it. The estimate fits an Arps decline curve to the production WILLIAMS -16- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WILLIAMS -16- is an estimate of value, not an offer and not an appraisal.
- How much income does WILLIAMS -16- generate in a year?
- WILLIAMS -16- is forecast to net about $628 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WILLIAMS -16- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Brooks (Canyon K) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 10518 |
| Wellbores | 3 |
| Reported production | 29,912 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where WILLIAMS -16- 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.