OWENS
OWENS is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Parker & Parsley Development Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 75,063 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 $111K, with roughly $21K 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 43 barrels a month, about 22 per wellbore. Its strongest month on the record we hold was April 2018, at 627 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 OWENS
- Who operates OWENS?
- OWENS is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is OWENS?
- OWENS is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 12438.
- Is OWENS still producing?
- OWENS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWENS is August 2026.
- How much has OWENS produced?
- OWENS has reported 75,063 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is OWENS worth?
- The remaining production from OWENS is estimated to be worth about $111K in total as of 26 August 2026, within a range of $61K to $162K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWENS is a fraction of it. The estimate fits an Arps decline curve to the production OWENS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWENS is an estimate of value, not an offer and not an appraisal.
- How much income does OWENS generate in a year?
- OWENS is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OWENS 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 | Upton County, Texas |
| RRC district | 7C |
| Lease number | 12438 |
| Wellbores | 2 |
| Reported production | 75,063 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $111K |
Where OWENS 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.