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Texas oil lease

Producing

PARKS FIELD UNIT

Parks Field Unit is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Parks (Consolidated) field.

Oil lease dossier

6,385bbl oil, last 12 months−14% vs prior year
RRC lease
08-39665

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
21,560 mcf
Oil in Jul 2026
409 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for PARKS FIELD UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 6,385 bbl in the 12 months through Jul 2026, against 7,396 bbl in the 12 months before.Last 12 months: 6,385 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for PARKS FIELD UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 6,385 bbl in the 12 months through Jul 2026, against 7,396 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Other (5 to 8)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of PARKS FIELD UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of PARKS FIELD UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 24,150 mcf

  • Lease fuel (1)

    2.6% · 657 mcf

  • Flared (4)

    0.1% · 32 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oasis Transp & Marketing Corp.OilGathers100Dec 1, 2020–
Energy Transfer CompanyCasinghead gasGathers100Jul 31, 2014Dec 1, 2020
Energy Transfer CompanyCasinghead gasBuys100Jul 31, 2014Dec 1, 2020
Bridger Transportation, LLCOilGathers100Aug 1, 2014Dec 1, 2020

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

8,480 acres on the newest permit

A pooling certificate was filed

The wells on this lease state different acreage

The permits state between 100 and 8,480 acres.

10 wells are listed on this lease

Permits for Parks Field Unit
API numberWell no.Acreson the permit
42-329-3123618088,480
42-329-312361808A8,480
42-329-01143601100
42-329-008842003–
42-329-009691417–
42-329-009731419–
42-329-009731419A–
42-329-009752302–
42-329-009762303–
42-329-017161807–

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for PARKS FIELD UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264094129489370$80.46$2.89
Jun 20264884861,9531,9331$84.81$3.15
May 20264444479269060$102.13$2.94
Apr 20265054999659461$100.32$2.77
Mar 20264234211,0451,0257$91.38$3.04
Feb 20264044141,0169907$64.51$3.62
Jan 20265865932,7112,6035$60.04$7.72
Dec 20257117053,0302,9160$57.97$4.26
Nov 2025610610000$60.06$3.79
Oct 20255525492,6462,5466$60.89$3.19
Sep 20255805852,7172,6414$63.96$2.97
Aug 20256736653,6033,5150$64.86$2.91
Jul 20255205233,2793,1921$68.39$3.20
Jun 20255004993,0602,9550$68.17$3.02
May 20255705683,8833,7700$62.17$3.12
Apr 20255485542,7642,6950$63.54$3.42
Mar 20256376363,2283,1311$68.24$4.12
Feb 20255945982,6802,5970$71.53$4.19
Jan 20257327273,4413,3240$75.74$4.13
Dec 20246966964,6264,4799$70.12$3.01
Nov 20249519242,9742,8227$69.95$2.12
Oct 20244237443,7283,7000$71.99$2.20
Sep 20245085763,5033,46315$70.24$2.28
Aug 20247176453,7703,7440$76.68$1.99
Jul 20248781,0234,2344,2110$81.80$2.07
Jun 20248928004,1054,0820$79.77$2.54
May 20246176453,8493,80224$80.02$2.12
Apr 20247376693,8183,8010$85.35$1.60
Mar 20246866644,2104,1990$81.28$1.49
Feb 20247587223,7203,7110$77.25$1.72
Jan 20246755953,4693,4570$74.15$3.18
Dec 20236075893,9123,9020$71.90$2.52
Nov 20236336203,1753,1670$77.69$2.71
Oct 20236787573,2243,2140$85.64$2.98
Sep 20237066513,4653,4560$89.43$2.64
Aug 20236256373,2873,2810$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Cog Operating LLC in Midland County

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Parks (Consolidated) field

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New drilling permits in Midland County

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