TREES RANCH 35-38
TREES RANCH 35-38 is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 2 wellbores on file with the Commission. Reported production runs from March 2018 to August 2026, totalling 785,413 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 $12.5M, with roughly $2.9M 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 3,953 barrels a month, about 1,977 per wellbore. Its strongest month on the record we hold was April 2018, at 40,210 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 TREES RANCH 35-38
- Who operates TREES RANCH 35-38?
- TREES RANCH 35-38 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is TREES RANCH 35-38?
- TREES RANCH 35-38 is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51275.
- Is TREES RANCH 35-38 still producing?
- TREES RANCH 35-38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TREES RANCH 35-38 is August 2026.
- How much has TREES RANCH 35-38 produced?
- TREES RANCH 35-38 has reported 785,413 barrels of oil (bbl) to the Railroad Commission of Texas between March 2018 and August 2026, from 2 wellbores.
- How much is TREES RANCH 35-38 worth?
- The remaining production from TREES RANCH 35-38 is estimated to be worth about $12.5M in total as of 27 August 2026, within a range of $10.4M to $14.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TREES RANCH 35-38 is a fraction of it. The estimate fits an Arps decline curve to the production TREES RANCH 35-38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TREES RANCH 35-38 is an estimate of value, not an offer and not an appraisal.
- How much income does TREES RANCH 35-38 generate in a year?
- TREES RANCH 35-38 is forecast to net about $2.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TREES RANCH 35-38 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 | 51275 |
| Wellbores | 2 |
| Reported production | 785,413 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.5M |
Where TREES RANCH 35-38 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.