PARNELL 493
PARNELL 493 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 285,038 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 $1.7M, with roughly $783K 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 1,137 barrels a month, about 568 per wellbore. Its strongest month on the record we hold was April 2022, at 18,358 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 493
- Who operates PARNELL 493?
- PARNELL 493 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is PARNELL 493?
- PARNELL 493 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08416.
- Is PARNELL 493 still producing?
- PARNELL 493 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARNELL 493 is August 2026.
- How much has PARNELL 493 produced?
- PARNELL 493 has reported 285,038 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 2 wellbores.
- How much is PARNELL 493 worth?
- The remaining production from PARNELL 493 is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARNELL 493 is a fraction of it. The estimate fits an Arps decline curve to the production PARNELL 493 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARNELL 493 is an estimate of value, not an offer and not an appraisal.
- How much income does PARNELL 493 generate in a year?
- PARNELL 493 is forecast to net about $783K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARNELL 493 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08416 |
| Wellbores | 2 |
| Reported production | 285,038 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where PARNELL 493 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.