PARKER
PARKER is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Elm Grove Production, LLC. It has 2 wellbores on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 54,024 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 $820K, with roughly $158K 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 200 barrels a month, about 100 per wellbore. Its strongest month on the record we hold was January 2019, at 4,127 barrels. 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 PARKER
- Who operates PARKER?
- PARKER is operated by Elm Grove Production, LLC, Railroad Commission of Texas operator number 250608.
- Where is PARKER?
- PARKER is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15658.
- Is PARKER still producing?
- PARKER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARKER is August 2026.
- How much has PARKER produced?
- PARKER has reported 54,024 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 2 wellbores.
- How much is PARKER worth?
- The remaining production from PARKER is estimated to be worth about $820K in total as of 26 August 2026, within a range of $639K to $1000K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKER is a fraction of it. The estimate fits an Arps decline curve to the production PARKER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARKER is an estimate of value, not an offer and not an appraisal.
- How much income does PARKER generate in a year?
- PARKER is forecast to net about $158K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PARKER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Elm Grove Production, LLC |
|---|---|
| Field | North Omen (Pettit) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 15658 |
| Wellbores | 2 |
| Reported production | 54,024 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $820K |
Where PARKER 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.