PARKS-GILBERT UNIT
PARKS-GILBERT UNIT 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 238,949 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 $69K, with roughly $10K 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 484 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 972 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 UNIT
- Who operates PARKS-GILBERT UNIT?
- PARKS-GILBERT UNIT is operated by K & M Exploration, 1973-3 Ltd., Railroad Commission of Texas operator number 448842.
- Where is PARKS-GILBERT UNIT?
- PARKS-GILBERT UNIT is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 101135.
- Is PARKS-GILBERT UNIT still producing?
- PARKS-GILBERT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARKS-GILBERT UNIT is August 2026.
- How much has PARKS-GILBERT UNIT produced?
- PARKS-GILBERT UNIT has reported 238,949 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 UNIT worth?
- The remaining production from PARKS-GILBERT UNIT is estimated to be worth about $69K in total as of 27 August 2026, within a range of $54K to $84K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKS-GILBERT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PARKS-GILBERT UNIT 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 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PARKS-GILBERT UNIT generate in a year?
- PARKS-GILBERT UNIT is forecast to net about $10K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARKS-GILBERT UNIT 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 | Calabria (Congl.3800) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 101135 |
| Wellbores | 1 |
| Reported production | 238,949 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $69K |
Where PARKS-GILBERT UNIT 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.