WEST PARKS "31"
WEST PARKS "31" is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Arco Permian. It has 4 wellbores on file with the Commission. Reported production runs from November 1997 to August 2026, totalling 138,217 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 $429K, with roughly $82K 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 118 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was October 2016, at 786 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 WEST PARKS "31"
- Who operates WEST PARKS "31"?
- WEST PARKS "31" is operated by Arco Permian, Railroad Commission of Texas operator number 029347.
- Where is WEST PARKS "31"?
- WEST PARKS "31" is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 35596.
- Is WEST PARKS "31" still producing?
- WEST PARKS "31" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST PARKS "31" is August 2026.
- How much has WEST PARKS "31" produced?
- WEST PARKS "31" has reported 138,217 barrels of oil (bbl) to the Railroad Commission of Texas between November 1997 and August 2026, from 4 wellbores.
- How much is WEST PARKS "31" worth?
- The remaining production from WEST PARKS "31" is estimated to be worth about $429K in total as of 27 August 2026, within a range of $334K to $523K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST PARKS "31" is a fraction of it. The estimate fits an Arps decline curve to the production WEST PARKS "31" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST PARKS "31" is an estimate of value, not an offer and not an appraisal.
- How much income does WEST PARKS "31" generate in a year?
- WEST PARKS "31" is forecast to net about $82K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WEST PARKS "31" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arco Permian |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 35596 |
| Wellbores | 4 |
| Reported production | 138,217 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $429K |
Where WEST PARKS "31" 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.