PARKS, C.E. UNIT
PARKS, C.E. UNIT is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by CTC Oil Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 117,356 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 $658K, with roughly $127K 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 162 barrels a month. Its strongest month on the record we hold was March 2019, at 426 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 PARKS, C.E. UNIT
- Who operates PARKS, C.E. UNIT?
- PARKS, C.E. UNIT is operated by CTC Oil Co., Inc., Railroad Commission of Texas operator number 191800.
- Where is PARKS, C.E. UNIT?
- PARKS, C.E. UNIT is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 16662.
- Is PARKS, C.E. UNIT still producing?
- PARKS, C.E. UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARKS, C.E. UNIT is August 2026.
- How much has PARKS, C.E. UNIT produced?
- PARKS, C.E. UNIT has reported 117,356 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PARKS, C.E. UNIT worth?
- The remaining production from PARKS, C.E. UNIT is estimated to be worth about $658K in total as of 26 August 2026, within a range of $514K to $803K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARKS, C.E. UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PARKS, C.E. UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARKS, C.E. UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PARKS, C.E. UNIT generate in a year?
- PARKS, C.E. UNIT is forecast to net about $127K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PARKS, C.E. UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CTC Oil Co., Inc. |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 16662 |
| Wellbores | 1 |
| Reported production | 117,356 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $658K |
Where PARKS, C.E. UNIT 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.