PARKER UNIT
PARKER UNIT is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Chevron Midcontinent, L.P. It has 92 wellbores on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 1,058,943 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 $15.0M, with roughly $3.4M 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 4,728 barrels a month, about 51 per wellbore. Its strongest month on the record we hold was July 2016, at 8,634 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 UNIT
- Who operates PARKER UNIT?
- PARKER UNIT is operated by Chevron Midcontinent, L.P., Railroad Commission of Texas operator number 147862.
- Where is PARKER UNIT?
- PARKER UNIT is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40946.
- Is PARKER UNIT still producing?
- PARKER UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARKER UNIT is August 2026.
- How much has PARKER UNIT produced?
- PARKER UNIT has reported 1,058,943 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 92 wellbores.
- How much is PARKER UNIT worth?
- The remaining production from PARKER UNIT is estimated to be worth about $15.0M in total as of 27 August 2026, within a range of $12.4M to $17.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PARKER UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARKER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PARKER UNIT generate in a year?
- PARKER UNIT is forecast to net about $3.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARKER UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron Midcontinent, L.P. |
|---|---|
| Field | Parker (Wolfcamp Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 40946 |
| Wellbores | 92 |
| Reported production | 1,058,943 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15.0M |
Where PARKER 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.