FASKEN STATE
FASKEN STATE is a Texas oil lease in Midland 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 103,999 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 $654K, with roughly $125K 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 241 barrels a month. Its strongest month on the record we hold was December 2024, at 1,151 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 FASKEN STATE
- Who operates FASKEN STATE?
- FASKEN STATE is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is FASKEN STATE?
- FASKEN STATE is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31622.
- Is FASKEN STATE still producing?
- FASKEN STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FASKEN STATE is August 2026.
- How much has FASKEN STATE produced?
- FASKEN STATE has reported 103,999 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FASKEN STATE worth?
- The remaining production from FASKEN STATE is estimated to be worth about $654K in total as of 26 August 2026, within a range of $510K to $797K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FASKEN STATE is a fraction of it. The estimate fits an Arps decline curve to the production FASKEN STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FASKEN STATE is an estimate of value, not an offer and not an appraisal.
- How much income does FASKEN STATE generate in a year?
- FASKEN STATE is forecast to net about $125K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FASKEN STATE 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 | Midland County, Texas |
| RRC district | 08 |
| Lease number | 31622 |
| Wellbores | 1 |
| Reported production | 103,999 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $654K |
Where FASKEN STATE 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.