PARMELE "C"
PARMELE "C" is a Texas oil lease in Sherman County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 199,694 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 $485K, 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 104 barrels a month. Its strongest month on the record we hold was April 2026, at 176 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 PARMELE "C"
- Who operates PARMELE "C"?
- PARMELE "C" is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is PARMELE "C"?
- PARMELE "C" is a Texas oil lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 06686.
- Is PARMELE "C" still producing?
- PARMELE "C" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARMELE "C" is August 2026.
- How much has PARMELE "C" produced?
- PARMELE "C" has reported 199,694 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PARMELE "C" worth?
- The remaining production from PARMELE "C" is estimated to be worth about $485K in total as of 27 August 2026, within a range of $378K to $591K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARMELE "C" is a fraction of it. The estimate fits an Arps decline curve to the production PARMELE "C" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARMELE "C" is an estimate of value, not an offer and not an appraisal.
- How much income does PARMELE "C" generate in a year?
- PARMELE "C" is forecast to net about $89K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARMELE "C" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Coldwater Ranch (Marmaton) |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 06686 |
| Wellbores | 1 |
| Reported production | 199,694 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $485K |
Where PARMELE "C" 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.