PARNELL 476
PARNELL 476 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Linn Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from December 2013 to August 2026, totalling 155,459 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 $1.8M, with roughly $387K 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 425 barrels a month, about 142 per wellbore. Its strongest month on the record we hold was June 2016, at 2,196 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 PARNELL 476
- Who operates PARNELL 476?
- PARNELL 476 is operated by Linn Operating, Inc., Railroad Commission of Texas operator number 501545.
- Where is PARNELL 476?
- PARNELL 476 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09103.
- Is PARNELL 476 still producing?
- PARNELL 476 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARNELL 476 is August 2026.
- How much has PARNELL 476 produced?
- PARNELL 476 has reported 155,459 barrels of oil (bbl) to the Railroad Commission of Texas between December 2013 and August 2026, from 3 wellbores.
- How much is PARNELL 476 worth?
- The remaining production from PARNELL 476 is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARNELL 476 is a fraction of it. The estimate fits an Arps decline curve to the production PARNELL 476 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARNELL 476 is an estimate of value, not an offer and not an appraisal.
- How much income does PARNELL 476 generate in a year?
- PARNELL 476 is forecast to net about $387K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARNELL 476 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Linn Operating, Inc. |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09103 |
| Wellbores | 3 |
| Reported production | 155,459 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where PARNELL 476 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.