PARSELL 34
PARSELL 34 is a Texas gas lease in Roberts County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 282,877 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 $319K, with roughly $72K 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 917 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 5,326 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 PARSELL 34
- Who operates PARSELL 34?
- PARSELL 34 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is PARSELL 34?
- PARSELL 34 is a Texas gas lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 282960.
- Is PARSELL 34 still producing?
- PARSELL 34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARSELL 34 is August 2026.
- How much has PARSELL 34 produced?
- PARSELL 34 has reported 282,877 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is PARSELL 34 worth?
- The remaining production from PARSELL 34 is estimated to be worth about $319K in total as of 26 August 2026, within a range of $249K to $390K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARSELL 34 is a fraction of it. The estimate fits an Arps decline curve to the production PARSELL 34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARSELL 34 is an estimate of value, not an offer and not an appraisal.
- How much income does PARSELL 34 generate in a year?
- PARSELL 34 is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PARSELL 34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 282960 |
| Wellbores | 1 |
| Reported production | 282,877 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $319K |
Where PARSELL 34 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.