GLASS -K-
GLASS -K- is a Texas oil lease in Martin County, Railroad Commission district 08, 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 47,989 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 $311K, with roughly $57K 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 70 barrels a month. Its strongest month on the record we hold was August 2017, at 170 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 GLASS -K-
- Who operates GLASS -K-?
- GLASS -K- is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is GLASS -K-?
- GLASS -K- is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31009.
- Is GLASS -K- still producing?
- GLASS -K- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLASS -K- is August 2026.
- How much has GLASS -K- produced?
- GLASS -K- has reported 47,989 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GLASS -K- worth?
- The remaining production from GLASS -K- is estimated to be worth about $311K in total as of 27 August 2026, within a range of $171K to $450K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLASS -K- is a fraction of it. The estimate fits an Arps decline curve to the production GLASS -K- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLASS -K- is an estimate of value, not an offer and not an appraisal.
- How much income does GLASS -K- generate in a year?
- GLASS -K- is forecast to net about $57K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GLASS -K- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 31009 |
| Wellbores | 1 |
| Reported production | 47,989 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $311K |
Where GLASS -K- 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.