HOUSE -11-
HOUSE -11- 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 24,291 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 $276K, with roughly $52K 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 54 barrels a month. Its strongest month on the record we hold was April 2022, at 168 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 HOUSE -11-
- Who operates HOUSE -11-?
- HOUSE -11- is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is HOUSE -11-?
- HOUSE -11- is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 24388.
- Is HOUSE -11- still producing?
- HOUSE -11- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOUSE -11- is August 2026.
- How much has HOUSE -11- produced?
- HOUSE -11- has reported 24,291 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HOUSE -11- worth?
- The remaining production from HOUSE -11- is estimated to be worth about $276K in total as of 27 August 2026, within a range of $152K to $400K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOUSE -11- is a fraction of it. The estimate fits an Arps decline curve to the production HOUSE -11- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOUSE -11- is an estimate of value, not an offer and not an appraisal.
- How much income does HOUSE -11- generate in a year?
- HOUSE -11- is forecast to net about $52K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOUSE -11- 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 | 24388 |
| Wellbores | 1 |
| Reported production | 24,291 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $276K |
Where HOUSE -11- 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.