MIDKIFF UNIT
MIDKIFF UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Parker & Parsley Development Co. It has 315 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,851,506 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 $295.4M, with roughly $79.9M 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 62,242 barrels a month, about 198 per wellbore. Its strongest month on the record we hold was March 2026, at 105,326 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MIDKIFF UNIT
- Who operates MIDKIFF UNIT?
- MIDKIFF UNIT is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is MIDKIFF UNIT?
- MIDKIFF UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 15254.
- Is MIDKIFF UNIT still producing?
- MIDKIFF UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDKIFF UNIT is August 2026.
- How much has MIDKIFF UNIT produced?
- MIDKIFF UNIT has reported 16,851,506 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 315 wellbores.
- How much is MIDKIFF UNIT worth?
- The remaining production from MIDKIFF UNIT is estimated to be worth about $295.4M in total as of 27 August 2026, within a range of $242.3M to $348.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDKIFF UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MIDKIFF UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDKIFF UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MIDKIFF UNIT generate in a year?
- MIDKIFF UNIT is forecast to net about $79.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDKIFF UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 15254 |
| Wellbores | 315 |
| Reported production | 16,851,506 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $295.4M |
Where MIDKIFF UNIT 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.