DRUM 23
DRUM 23 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 80,411 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 $907K, with roughly $168K 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 235 barrels a month, about 118 per wellbore. Its strongest month on the record we hold was June 2018, at 532 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 DRUM 23
- Who operates DRUM 23?
- DRUM 23 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is DRUM 23?
- DRUM 23 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42831.
- Is DRUM 23 still producing?
- DRUM 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DRUM 23 is August 2026.
- How much has DRUM 23 produced?
- DRUM 23 has reported 80,411 barrels of oil (bbl) to the Railroad Commission of Texas between July 2012 and August 2026, from 2 wellbores.
- How much is DRUM 23 worth?
- The remaining production from DRUM 23 is estimated to be worth about $907K in total as of 26 August 2026, within a range of $708K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DRUM 23 is a fraction of it. The estimate fits an Arps decline curve to the production DRUM 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DRUM 23 is an estimate of value, not an offer and not an appraisal.
- How much income does DRUM 23 generate in a year?
- DRUM 23 is forecast to net about $168K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DRUM 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 42831 |
| Wellbores | 2 |
| Reported production | 80,411 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $907K |
Where DRUM 23 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.