PARKS-GILBERT
PARKS-GILBERT is a Texas gas lease in Palo Pinto County, Railroad Commission district 7B, operated by K & M Exploration, 1973-3 Ltd. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 218,230 thousand cubic feet. 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 $45K, with roughly $7K 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 420 thousand cubic feet a month. Its strongest month on the record we hold was June 2018, at 719 thousand cubic feet. 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 PARKS-GILBERT
- Who operates PARKS-GILBERT?
- PARKS-GILBERT is operated by K & M Exploration, 1973-3 Ltd., Railroad Commission of Texas operator number 448842.
- Where is PARKS-GILBERT?
- PARKS-GILBERT is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 109106.
- Is PARKS-GILBERT still producing?
- PARKS-GILBERT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARKS-GILBERT is August 2026.
- How much has PARKS-GILBERT produced?
- PARKS-GILBERT has reported 218,230 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PARKS-GILBERT worth?
- The remaining production from PARKS-GILBERT is estimated to be worth about $45K in total as of 27 August 2026, within a range of $35K to $55K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKS-GILBERT is a fraction of it. The estimate fits an Arps decline curve to the production PARKS-GILBERT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARKS-GILBERT is an estimate of value, not an offer and not an appraisal.
- How much income does PARKS-GILBERT generate in a year?
- PARKS-GILBERT is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARKS-GILBERT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | K & M Exploration, 1973-3 Ltd. |
|---|---|
| Field | Mineral Wells (Georgia Strawn) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 109106 |
| Wellbores | 1 |
| Reported production | 218,230 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $45K |
Where PARKS-GILBERT 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.