COURSON PARNELL 477
COURSON PARNELL 477 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 225,061 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 $2.1M, with roughly $412K 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 415 barrels a month, about 207 per wellbore. Its strongest month on the record we hold was May 2016, at 6,018 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 COURSON PARNELL 477
- Who operates COURSON PARNELL 477?
- COURSON PARNELL 477 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is COURSON PARNELL 477?
- COURSON PARNELL 477 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09372.
- Is COURSON PARNELL 477 still producing?
- COURSON PARNELL 477 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COURSON PARNELL 477 is August 2026.
- How much has COURSON PARNELL 477 produced?
- COURSON PARNELL 477 has reported 225,061 barrels of oil (bbl) to the Railroad Commission of Texas between June 2015 and August 2026, from 2 wellbores.
- How much is COURSON PARNELL 477 worth?
- The remaining production from COURSON PARNELL 477 is estimated to be worth about $2.1M in total as of 26 August 2026, within a range of $1.6M to $2.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COURSON PARNELL 477 is a fraction of it. The estimate fits an Arps decline curve to the production COURSON PARNELL 477 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COURSON PARNELL 477 is an estimate of value, not an offer and not an appraisal.
- How much income does COURSON PARNELL 477 generate in a year?
- COURSON PARNELL 477 is forecast to net about $412K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COURSON PARNELL 477 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09372 |
| Wellbores | 2 |
| Reported production | 225,061 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where COURSON PARNELL 477 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.