PARKER-STATE
PARKER-STATE is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 1 wellbore on file with the Commission. Reported production runs from May 1995 to August 2026, totalling 181,200 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 $938K, with roughly $240K 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 357 barrels a month. Its strongest month on the record we hold was June 2021, at 857 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 PARKER-STATE
- Who operates PARKER-STATE?
- PARKER-STATE is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is PARKER-STATE?
- PARKER-STATE is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 34502.
- Is PARKER-STATE still producing?
- PARKER-STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARKER-STATE is August 2026.
- How much has PARKER-STATE produced?
- PARKER-STATE has reported 181,200 barrels of oil (bbl) to the Railroad Commission of Texas between May 1995 and August 2026, from 1 wellbore.
- How much is PARKER-STATE worth?
- The remaining production from PARKER-STATE is estimated to be worth about $938K in total as of 26 August 2026, within a range of $732K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKER-STATE is a fraction of it. The estimate fits an Arps decline curve to the production PARKER-STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARKER-STATE is an estimate of value, not an offer and not an appraisal.
- How much income does PARKER-STATE generate in a year?
- PARKER-STATE is forecast to net about $240K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PARKER-STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Parker (Grayburg, San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 34502 |
| Wellbores | 1 |
| Reported production | 181,200 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $938K |
Where PARKER-STATE 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.