PARSONS
PARSONS is a Texas oil lease in Callahan County, Railroad Commission district 7B, operated by Buffco Production Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 4,329 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 $117K, with roughly $18K 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 15 barrels a month. Its strongest month on the record we hold was March 2018, at 250 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PARSONS
- Who operates PARSONS?
- PARSONS is operated by Buffco Production Inc., Railroad Commission of Texas operator number 106406.
- Where is PARSONS?
- PARSONS is a Texas oil lease in Callahan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31988.
- Is PARSONS still producing?
- PARSONS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARSONS is August 2026.
- How much has PARSONS produced?
- PARSONS has reported 4,329 barrels of oil (bbl) to the Railroad Commission of Texas between May 2015 and August 2026, from 1 wellbore.
- How much is PARSONS worth?
- The remaining production from PARSONS is estimated to be worth about $117K in total as of 27 August 2026, within a range of $64K to $170K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARSONS is a fraction of it. The estimate fits an Arps decline curve to the production PARSONS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARSONS is an estimate of value, not an offer and not an appraisal.
- How much income does PARSONS generate in a year?
- PARSONS is forecast to net about $18K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARSONS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Buffco Production Inc. |
|---|---|
| Field | Parsons (Gray) |
| County | Callahan County, Texas |
| RRC district | 7B |
| Lease number | 31988 |
| Wellbores | 1 |
| Reported production | 4,329 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $117K |
Where PARSONS 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.