PARKS
PARKS is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Reverence Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2011 to August 2026, totalling 8,548 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 $297K, with roughly $43K 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 31 barrels a month. Its strongest month on the record we hold was June 2019, at 175 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 PARKS
- Who operates PARKS?
- PARKS is operated by Reverence Operating LLC, Railroad Commission of Texas operator number 703827.
- Where is PARKS?
- PARKS is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55842.
- 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 8,548 barrels of oil (bbl) to the Railroad Commission of Texas between August 2011 and August 2026, from 1 wellbore.
- How much is PARKS worth?
- The remaining production from PARKS is estimated to be worth about $297K in total as of 26 August 2026, within a range of $163K to $430K. 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 $43K 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 | Reverence Operating LLC |
|---|---|
| Field | Dora Roberts (Consolidated) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 55842 |
| Wellbores | 1 |
| Reported production | 8,548 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $297K |
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.