PINNELL
PINNELL is a Texas gas lease in Gray County, Railroad Commission district 10, operated by Parker & Parsley Development Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 86,714 thousand cubic feet. 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 $41K, with roughly $5K 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 217 thousand cubic feet a month. Its strongest month on the record we hold was August 2020, at 410 thousand cubic feet. 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 PINNELL
- Who operates PINNELL?
- PINNELL is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is PINNELL?
- PINNELL is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 024381.
- Is PINNELL still producing?
- PINNELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PINNELL is August 2026.
- How much has PINNELL produced?
- PINNELL has reported 86,714 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PINNELL worth?
- The remaining production from PINNELL is estimated to be worth about $41K in total as of 26 August 2026, within a range of $32K to $50K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PINNELL is a fraction of it. The estimate fits an Arps decline curve to the production PINNELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PINNELL is an estimate of value, not an offer and not an appraisal.
- How much income does PINNELL generate in a year?
- PINNELL is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PINNELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Panhandle, West |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 024381 |
| Wellbores | 1 |
| Reported production | 86,714 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $41K |
Where PINNELL 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.