CHICO
CHICO is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Parker & Parsley Development Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 22,659 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 $180K, with roughly $34K 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 47 barrels a month. Its strongest month on the record we hold was February 2022, at 113 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CHICO
- Who operates CHICO?
- CHICO is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is CHICO?
- CHICO is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 11809.
- Is CHICO still producing?
- CHICO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHICO is August 2026.
- How much has CHICO produced?
- CHICO has reported 22,659 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CHICO worth?
- The remaining production from CHICO is estimated to be worth about $180K in total as of 26 August 2026, within a range of $99K to $261K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHICO is a fraction of it. The estimate fits an Arps decline curve to the production CHICO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHICO is an estimate of value, not an offer and not an appraisal.
- How much income does CHICO generate in a year?
- CHICO is forecast to net about $34K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHICO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 11809 |
| Wellbores | 1 |
| Reported production | 22,659 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $180K |
Where CHICO 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.