CITY OF MIDLAND
CITY OF MIDLAND is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Parker & Parsley Development Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 48,408 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 $468K, with roughly $89K 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 118 barrels a month. Its strongest month on the record we hold was October 2020, at 149 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 CITY OF MIDLAND
- Who operates CITY OF MIDLAND?
- CITY OF MIDLAND is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is CITY OF MIDLAND?
- CITY OF MIDLAND is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 26592.
- Is CITY OF MIDLAND still producing?
- CITY OF MIDLAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CITY OF MIDLAND is August 2026.
- How much has CITY OF MIDLAND produced?
- CITY OF MIDLAND has reported 48,408 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CITY OF MIDLAND worth?
- The remaining production from CITY OF MIDLAND is estimated to be worth about $468K in total as of 26 August 2026, within a range of $365K to $571K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CITY OF MIDLAND is a fraction of it. The estimate fits an Arps decline curve to the production CITY OF MIDLAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CITY OF MIDLAND is an estimate of value, not an offer and not an appraisal.
- How much income does CITY OF MIDLAND generate in a year?
- CITY OF MIDLAND is forecast to net about $89K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CITY OF MIDLAND 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 | 26592 |
| Wellbores | 1 |
| Reported production | 48,408 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $468K |
Where CITY OF MIDLAND 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.