CHERRY STATE UNIT 29-28
CHERRY STATE UNIT 29-28 is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 4 wellbores on file with the Commission. Reported production runs from March 2018 to August 2026, totalling 1,844,314 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 $29.0M, with roughly $7.2M 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 10,244 barrels a month, about 2,561 per wellbore. Its strongest month on the record we hold was December 2018, at 67,121 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 CHERRY STATE UNIT 29-28
- Who operates CHERRY STATE UNIT 29-28?
- CHERRY STATE UNIT 29-28 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is CHERRY STATE UNIT 29-28?
- CHERRY STATE UNIT 29-28 is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50360.
- Is CHERRY STATE UNIT 29-28 still producing?
- CHERRY STATE UNIT 29-28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHERRY STATE UNIT 29-28 is August 2026.
- How much has CHERRY STATE UNIT 29-28 produced?
- CHERRY STATE UNIT 29-28 has reported 1,844,314 barrels of oil (bbl) to the Railroad Commission of Texas between March 2018 and August 2026, from 4 wellbores.
- How much is CHERRY STATE UNIT 29-28 worth?
- The remaining production from CHERRY STATE UNIT 29-28 is estimated to be worth about $29.0M in total as of 27 August 2026, within a range of $23.8M to $34.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHERRY STATE UNIT 29-28 is a fraction of it. The estimate fits an Arps decline curve to the production CHERRY STATE UNIT 29-28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHERRY STATE UNIT 29-28 is an estimate of value, not an offer and not an appraisal.
- How much income does CHERRY STATE UNIT 29-28 generate in a year?
- CHERRY STATE UNIT 29-28 is forecast to net about $7.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHERRY STATE UNIT 29-28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 50360 |
| Wellbores | 4 |
| Reported production | 1,844,314 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $29.0M |
Where CHERRY STATE UNIT 29-28 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.