GOLLADAY -P-
GOLLADAY -P- is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Parker & Parsley Development Co. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 370,447 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 $646K, with roughly $114K 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 96 barrels a month, about 32 per wellbore. Its strongest month on the record we hold was January 2017, at 801 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 GOLLADAY -P-
- Who operates GOLLADAY -P-?
- GOLLADAY -P- is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is GOLLADAY -P-?
- GOLLADAY -P- is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31605.
- Is GOLLADAY -P- still producing?
- GOLLADAY -P- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOLLADAY -P- is August 2026.
- How much has GOLLADAY -P- produced?
- GOLLADAY -P- has reported 370,447 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is GOLLADAY -P- worth?
- The remaining production from GOLLADAY -P- is estimated to be worth about $646K in total as of 27 August 2026, within a range of $355K to $937K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOLLADAY -P- is a fraction of it. The estimate fits an Arps decline curve to the production GOLLADAY -P- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOLLADAY -P- is an estimate of value, not an offer and not an appraisal.
- How much income does GOLLADAY -P- generate in a year?
- GOLLADAY -P- is forecast to net about $114K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOLLADAY -P- 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 | 31605 |
| Wellbores | 3 |
| Reported production | 370,447 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $646K |
Where GOLLADAY -P- 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.