STRAIN RANCH 24-25
STRAIN RANCH 24-25 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 3 wellbores on file with the Commission. Reported production runs from April 2018 to August 2026, totalling 1,322,112 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 $342K, with roughly $259K 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 1,021 barrels a month, about 340 per wellbore. Its strongest month on the record we hold was June 2018, at 72,959 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 STRAIN RANCH 24-25
- Who operates STRAIN RANCH 24-25?
- STRAIN RANCH 24-25 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is STRAIN RANCH 24-25?
- STRAIN RANCH 24-25 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50998.
- Is STRAIN RANCH 24-25 still producing?
- STRAIN RANCH 24-25 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STRAIN RANCH 24-25 is August 2026.
- How much has STRAIN RANCH 24-25 produced?
- STRAIN RANCH 24-25 has reported 1,322,112 barrels of oil (bbl) to the Railroad Commission of Texas between April 2018 and August 2026, from 3 wellbores.
- How much is STRAIN RANCH 24-25 worth?
- The remaining production from STRAIN RANCH 24-25 is estimated to be worth about $342K in total as of 27 August 2026, within a range of $284K to $400K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STRAIN RANCH 24-25 is a fraction of it. The estimate fits an Arps decline curve to the production STRAIN RANCH 24-25 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STRAIN RANCH 24-25 is an estimate of value, not an offer and not an appraisal.
- How much income does STRAIN RANCH 24-25 generate in a year?
- STRAIN RANCH 24-25 is forecast to net about $259K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STRAIN RANCH 24-25 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 | 50998 |
| Wellbores | 3 |
| Reported production | 1,322,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $342K |
Where STRAIN RANCH 24-25 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.