PARKS
PARKS is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Xto Energy Inc. It has 12 wellbores on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 3,423,974 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 $39.1M, with roughly $10.8M 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 14,983 barrels a month, about 1,249 per wellbore. Its strongest month on the record we hold was June 2016, at 83,930 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PARKS
- Who operates PARKS?
- PARKS is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is PARKS?
- PARKS is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47553.
- Is PARKS still producing?
- PARKS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARKS is August 2026.
- How much has PARKS produced?
- PARKS has reported 3,423,974 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 12 wellbores.
- How much is PARKS worth?
- The remaining production from PARKS is estimated to be worth about $39.1M in total as of 26 August 2026, within a range of $32.1M to $46.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKS is a fraction of it. The estimate fits an Arps decline curve to the production PARKS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARKS is an estimate of value, not an offer and not an appraisal.
- How much income does PARKS generate in a year?
- PARKS is forecast to net about $10.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PARKS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 47553 |
| Wellbores | 12 |
| Reported production | 3,423,974 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $39.1M |
Where PARKS 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.