Oil and gas leases in Pioneer Natural Res. USA, Inc. — page 11

Pioneer Natural Res. USA, Inc. is a Texas operator, Commission number 665748, with 5,640 leases reporting production across 51 counties. 4,209 of them are oil leases and 1,431 are gas leases. Between them they carry 9,560 wellbores. Reported volumes run from January 1997 to August 2026 and come to 1.4 billion barrels of oil and 1.5 billion Mcf of gas. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.

Key facts about Pioneer Natural Res. USA, Inc.

How many oil and gas leases are in Pioneer Natural Res. USA, Inc.?: Pioneer Natural Res. USA, Inc. has 5,640 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
How much oil and gas has Pioneer Natural Res. USA, Inc. produced?: Leases in Pioneer Natural Res. USA, Inc. have reported 1,436,850,532 barrels of oil (bbl) and 1,503,615,745 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1997 and August 2026.
How much are mineral rights in Pioneer Natural Res. USA, Inc. worth?: There is no single figure: what a mineral or royalty interest in Pioneer Natural Res. USA, Inc. is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 5,640 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.

Leases — page 11 of 29

PRESTON 18I — oil, Pioneer Natural Res. USA, Inc., Midland County, 388 thousand reported
BROUGHTON D 7-8 — oil, Pioneer Natural Res. USA, Inc., Martin County, 388 thousand reported
BIVINS — gas, Pioneer Natural Res. USA, Inc., Potter County, 388 thousand reported
STONE-ROBB W45A — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 388 thousand reported
DRIVER 4C-E 3-46D — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 388 thousand reported
PRESTON E13G — oil, Pioneer Natural Res. USA, Inc., Midland County, 388 thousand reported
XBC-CAROLINE 3L — oil, Pioneer Natural Res. USA, Inc., Upton County, 388 thousand reported
ELKIN-ESTES 34L — oil, Pioneer Natural Res. USA, Inc., Midland County, 388 thousand reported
ARICK-STOUT 36O — oil, Pioneer Natural Res. USA, Inc., Midland County, 388 thousand reported
UNIVERSITY 7-14KK — oil, Pioneer Natural Res. USA, Inc., Martin County, 388 thousand reported
TURNER '1201' — oil, Pioneer Natural Res. USA, Inc., Reagan County, 387 thousand reported
WEEKS UNIT — gas, Pioneer Natural Res. USA, Inc., Montague County, 387 thousand reported
STONE-GIST W45B — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 387 thousand reported
HALFF-HALL 1AA — oil, Pioneer Natural Res. USA, Inc., Upton County, 387 thousand reported
UNIVERSITY 6E — oil, Pioneer Natural Res. USA, Inc., Andrews County, 387 thousand reported
SALE RANCH "U" — oil, Pioneer Natural Res. USA, Inc., Martin County, 387 thousand reported
SCHARBAUER RANCH 20L — oil, Pioneer Natural Res. USA, Inc., Martin County, 386 thousand reported
DAVIS-LACY 31L — oil, Pioneer Natural Res. USA, Inc., Martin County, 386 thousand reported
RAGLAND-ANDERSON 47A — oil, Pioneer Natural Res. USA, Inc., Martin County, 386 thousand reported
HAMMITT-GLYNN 8H — oil, Pioneer Natural Res. USA, Inc., Martin County, 386 thousand reported
ODANIEL-CONIAH 59B — oil, Pioneer Natural Res. USA, Inc., Midland County, 386 thousand reported
SHACKELFORD 10Q — oil, Pioneer Natural Res. USA, Inc., Midland County, 385 thousand reported
BROOK N-7J — oil, Pioneer Natural Res. USA, Inc., Upton County, 385 thousand reported
UNIVERSITY 10-17 — oil, Pioneer Natural Res. USA, Inc., Reagan County, 385 thousand reported
MUSTANG WEST D 8-27 — oil, Pioneer Natural Res. USA, Inc., Reagan County, 384 thousand reported
MASTERSON — gas, Pioneer Natural Res. USA, Inc., Potter County, 384 thousand reported
FRANK-MORGAN E27B — oil, Pioneer Natural Res. USA, Inc., Upton County, 384 thousand reported
PRESTON S31M — oil, Pioneer Natural Res. USA, Inc., Midland County, 384 thousand reported
ORSON-BILLY 139B — oil, Pioneer Natural Res. USA, Inc., Martin County, 383 thousand reported
SALLY W26M — oil, Pioneer Natural Res. USA, Inc., Midland County, 383 thousand reported
CUNNINGHAM 37C — oil, Pioneer Natural Res. USA, Inc., Midland County, 383 thousand reported
SALE RANCH E12B — oil, Pioneer Natural Res. USA, Inc., Martin County, 382 thousand reported
DWIGHT-MIDKIFF 25Q — oil, Pioneer Natural Res. USA, Inc., Midland County, 382 thousand reported
ROBERTSON 5A — gas, Pioneer Natural Res. USA, Inc., Crockett County, 382 thousand reported
WELCH-COX W39P — oil, Pioneer Natural Res. USA, Inc., Martin County, 382 thousand reported
SHACKELFORD 3F — oil, Pioneer Natural Res. USA, Inc., Midland County, 382 thousand reported
MEISSNER-RAGGETT 37A — oil, Pioneer Natural Res. USA, Inc., Midland County, 382 thousand reported
EPLEY-GLASSCOCK W8B — oil, Pioneer Natural Res. USA, Inc., Martin County, 382 thousand reported
WOODY-INEZ 37V — oil, Pioneer Natural Res. USA, Inc., Martin County, 382 thousand reported
SHACKELFORD E17I — oil, Pioneer Natural Res. USA, Inc., Midland County, 381 thousand reported
WILLIAMS-HAZELWOOD 46A — oil, Pioneer Natural Res. USA, Inc., Martin County, 381 thousand reported
MEEK-ELROD 3D — oil, Pioneer Natural Res. USA, Inc., Martin County, 381 thousand reported
PARKS "5" — oil, Pioneer Natural Res. USA, Inc., Midland County, 381 thousand reported
BROOK A-E7B — oil, Pioneer Natural Res. USA, Inc., Upton County, 381 thousand reported
SALE RANCH 23D — oil, Pioneer Natural Res. USA, Inc., Martin County, 381 thousand reported
WOODY 38J — oil, Pioneer Natural Res. USA, Inc., Martin County, 380 thousand reported
CASS-ERNEST E20M — oil, Pioneer Natural Res. USA, Inc., Midland County, 380 thousand reported
EPLEY-MARTIN 31K — oil, Pioneer Natural Res. USA, Inc., Martin County, 380 thousand reported
OGLE A UNIT — gas, Pioneer Natural Res. USA, Inc., Montague County, 380 thousand reported
OWENS-TAYLOR 31C — oil, Pioneer Natural Res. USA, Inc., Upton County, 380 thousand reported
COUCH — gas, Pioneer Natural Res. USA, Inc., Crockett County, 380 thousand reported
ZOEY 4-16E — oil, Pioneer Natural Res. USA, Inc., Upton County, 380 thousand reported
HUBERT STONE 01 — gas, Pioneer Natural Res. USA, Inc., Mcmullen County, 380 thousand reported
BROOK D-W23K — oil, Pioneer Natural Res. USA, Inc., Upton County, 379 thousand reported
YORK-LAW 139E — oil, Pioneer Natural Res. USA, Inc., Martin County, 379 thousand reported
BROOK D-15J — oil, Pioneer Natural Res. USA, Inc., Upton County, 379 thousand reported
ODANIEL-FLOYD W1V — oil, Pioneer Natural Res. USA, Inc., Midland County, 379 thousand reported
BRADFORD 35I — oil, Pioneer Natural Res. USA, Inc., Midland County, 379 thousand reported
WEAVER — gas, Pioneer Natural Res. USA, Inc., Freestone County, 379 thousand reported
ELKIN-CRAWFORD 34B — oil, Pioneer Natural Res. USA, Inc., Midland County, 379 thousand reported
IDYLWOOD 03 — oil, Pioneer Natural Res. USA, Inc., Live Oak County, 379 thousand reported
BROOK N-7E — oil, Pioneer Natural Res. USA, Inc., Upton County, 379 thousand reported
BROOK O-2P — oil, Pioneer Natural Res. USA, Inc., Upton County, 379 thousand reported
SCHARBAUER RANCH 20K — oil, Pioneer Natural Res. USA, Inc., Martin County, 378 thousand reported
DRIVER 4C-E 3-46C — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 378 thousand reported
SHACKELFORD 40-12AD — oil, Pioneer Natural Res. USA, Inc., Midland County, 378 thousand reported
XBC GIDDINGS ESTATE M — oil, Pioneer Natural Res. USA, Inc., Upton County, 378 thousand reported
SHACKELFORD E39F — oil, Pioneer Natural Res. USA, Inc., Midland County, 378 thousand reported
TOM-FOWLER 42O — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 378 thousand reported
BROOK D-E5A — oil, Pioneer Natural Res. USA, Inc., Upton County, 378 thousand reported
TEXAS TEN-YATER 39B — oil, Pioneer Natural Res. USA, Inc., Midland County, 378 thousand reported
DICKENSON 7G — oil, Pioneer Natural Res. USA, Inc., Martin County, 378 thousand reported
CALVERLEY-LANE 30G — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 377 thousand reported
BRADFORD 35D — oil, Pioneer Natural Res. USA, Inc., Midland County, 377 thousand reported
DAVIS-FOREMAN 44F — oil, Pioneer Natural Res. USA, Inc., Martin County, 377 thousand reported
TAS — oil, Pioneer Natural Res. USA, Inc., Crane County, 377 thousand reported
DWIGHT-MIDKIFF 25R — oil, Pioneer Natural Res. USA, Inc., Midland County, 377 thousand reported
WELCH-COX E39B — oil, Pioneer Natural Res. USA, Inc., Martin County, 377 thousand reported
UNIVERSITY W2-30D — oil, Pioneer Natural Res. USA, Inc., Reagan County, 377 thousand reported
MIDKIFF 12-13E-E — oil, Pioneer Natural Res. USA, Inc., Upton County, 377 thousand reported
JRS FARMS 13-25B — oil, Pioneer Natural Res. USA, Inc., Upton County, 377 thousand reported
UNIVERSITY 3-15C — oil, Pioneer Natural Res. USA, Inc., Upton County, 377 thousand reported
MABEE 7D — oil, Pioneer Natural Res. USA, Inc., Martin County, 377 thousand reported
DRIVER 4C-W 3-46D — oil, Pioneer Natural Res. USA, Inc., Midland County, 376 thousand reported
RATLIFF "6" — oil, Pioneer Natural Res. USA, Inc., Upton County, 376 thousand reported
CHRISTY-THOMASON 15G — oil, Pioneer Natural Res. USA, Inc., Reagan County, 376 thousand reported
UNIVERSITY 3-15B — oil, Pioneer Natural Res. USA, Inc., Upton County, 376 thousand reported
PRESTON-SHACKELFORD 15G — oil, Pioneer Natural Res. USA, Inc., Midland County, 375 thousand reported
ARICK-SIMMS 26A — oil, Pioneer Natural Res. USA, Inc., Midland County, 375 thousand reported
WILDE GARNER 14WC — oil, Pioneer Natural Res. USA, Inc., Upton County, 375 thousand reported
SHACKELFORD 3-38B — oil, Pioneer Natural Res. USA, Inc., Midland County, 375 thousand reported
DRIVER-LANE W36A — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 375 thousand reported
UNIVERSITY "1-21" — oil, Pioneer Natural Res. USA, Inc., Reagan County, 375 thousand reported
TXL-SHACKELFORD 37L — oil, Pioneer Natural Res. USA, Inc., Midland County, 375 thousand reported
JCF-DAVIDSON 11M — oil, Pioneer Natural Res. USA, Inc., Midland County, 375 thousand reported
YORK-LAW 139F — oil, Pioneer Natural Res. USA, Inc., Martin County, 375 thousand reported
GLASSCOCK 5A — oil, Pioneer Natural Res. USA, Inc., Martin County, 375 thousand reported
FRANK 11C — oil, Pioneer Natural Res. USA, Inc., Midland County, 374 thousand reported
BROOK D-E4A — oil, Pioneer Natural Res. USA, Inc., Upton County, 374 thousand reported
DRIVER-LANE E36C — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 374 thousand reported
PRESTON E13H — oil, Pioneer Natural Res. USA, Inc., Midland County, 374 thousand reported
SHACKELFORD E17H — oil, Pioneer Natural Res. USA, Inc., Midland County, 374 thousand reported
BIVINS — gas, Pioneer Natural Res. USA, Inc., Potter County, 374 thousand reported
RILEY 26G — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 374 thousand reported
CRAWFORD TANK FARM NE7Q — oil, Pioneer Natural Res. USA, Inc., Midland County, 374 thousand reported
SHAQ D 38-14 — oil, Pioneer Natural Res. USA, Inc., Upton County, 374 thousand reported
KENDALL 23-11J — oil, Pioneer Natural Res. USA, Inc., Upton County, 374 thousand reported
WOODY 38H — oil, Pioneer Natural Res. USA, Inc., Martin County, 374 thousand reported
CALVERLEY-LANE 30I — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 374 thousand reported
SHACKELFORD W39F — oil, Pioneer Natural Res. USA, Inc., Midland County, 374 thousand reported
BIGBY-TXL E15 C — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 374 thousand reported
MARY 18D — oil, Pioneer Natural Res. USA, Inc., Upton County, 374 thousand reported
TEXAS TEN-DEAVENPORT W39C — oil, Pioneer Natural Res. USA, Inc., Midland County, 374 thousand reported
SHACKELFORD W17M — oil, Pioneer Natural Res. USA, Inc., Midland County, 373 thousand reported
PINTAIL J 31-30 — oil, Pioneer Natural Res. USA, Inc., Midland County, 373 thousand reported
ELKIN-CRAWFORD 34F — oil, Pioneer Natural Res. USA, Inc., Midland County, 373 thousand reported
SALE RANCH 13I — oil, Pioneer Natural Res. USA, Inc., Martin County, 373 thousand reported
THUNDERBIRD BB 50-51 — oil, Pioneer Natural Res. USA, Inc., Midland County, 372 thousand reported
BEAL-SNYDER W35K — oil, Pioneer Natural Res. USA, Inc., Midland County, 372 thousand reported
MILES 25E — oil, Pioneer Natural Res. USA, Inc., Midland County, 372 thousand reported
WILLIFORD "A" — gas, Pioneer Natural Res. USA, Inc., Freestone County, 372 thousand reported
TURNER W41I — oil, Pioneer Natural Res. USA, Inc., Midland County, 372 thousand reported
GLASPIE-HARVARD 11G — oil, Pioneer Natural Res. USA, Inc., Martin County, 372 thousand reported
BRUNSON-ARNETT 36C — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 372 thousand reported
UNIVERSITY E2-34F — oil, Pioneer Natural Res. USA, Inc., Reagan County, 372 thousand reported
MASTERSON — gas, Pioneer Natural Res. USA, Inc., Potter County, 371 thousand reported
WHEELER-ATCHISON 44K — oil, Pioneer Natural Res. USA, Inc., Martin County, 371 thousand reported
BROOK O-3B — oil, Pioneer Natural Res. USA, Inc., Upton County, 371 thousand reported
ARICK-SIMMS 26E — oil, Pioneer Natural Res. USA, Inc., Midland County, 371 thousand reported
CRAWFORD 27N — oil, Pioneer Natural Res. USA, Inc., Midland County, 370 thousand reported
UNIVERSITY 6-48B — oil, Pioneer Natural Res. USA, Inc., Andrews County, 370 thousand reported
TURNER W41A — oil, Pioneer Natural Res. USA, Inc., Midland County, 370 thousand reported
TURNER W41F — oil, Pioneer Natural Res. USA, Inc., Midland County, 370 thousand reported
CRAWFORD-BAUMANN 7X — oil, Pioneer Natural Res. USA, Inc., Midland County, 370 thousand reported
ULVESTAD-BIRKHEAD E20G — oil, Pioneer Natural Res. USA, Inc., Midland County, 370 thousand reported
BROOK N-20B — oil, Pioneer Natural Res. USA, Inc., Upton County, 369 thousand reported
MCCLINTIC-BRUNSON 31A — oil, Pioneer Natural Res. USA, Inc., Midland County, 369 thousand reported
HALFF 1R — oil, Pioneer Natural Res. USA, Inc., Reagan County, 369 thousand reported
SHACKELFORD-CUNNINGHAM 9R — oil, Pioneer Natural Res. USA, Inc., Midland County, 369 thousand reported
FRANK-MORGAN E27A — oil, Pioneer Natural Res. USA, Inc., Upton County, 369 thousand reported
PRESTON 18K — oil, Pioneer Natural Res. USA, Inc., Midland County, 369 thousand reported
HOOVER 49 — gas, Pioneer Natural Res. USA, Inc., Crockett County, 369 thousand reported
JRS FARMS 22-27-J — oil, Pioneer Natural Res. USA, Inc., Upton County, 369 thousand reported
MCDONALD "12" — gas, Pioneer Natural Res. USA, Inc., Crockett County, 368 thousand reported
SHACKELFORD 10S — oil, Pioneer Natural Res. USA, Inc., Midland County, 368 thousand reported
TOM-FOWLER 42Q — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 368 thousand reported
HOUSTON RANCH EAST N 13-7 — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 368 thousand reported
SALE RANCH W13C — oil, Pioneer Natural Res. USA, Inc., Martin County, 368 thousand reported
KOERTH 01 — oil, Pioneer Natural Res. USA, Inc., Live Oak County, 368 thousand reported
CHRISTY-THOMASON 15C — oil, Pioneer Natural Res. USA, Inc., Reagan County, 368 thousand reported
HARLOW UNIT — gas, Pioneer Natural Res. USA, Inc., Montague County, 367 thousand reported
C. L. HERMES GU — gas, Pioneer Natural Res. USA, Inc., Lavaca County, 367 thousand reported
FASKEN-EVANS 11L — oil, Pioneer Natural Res. USA, Inc., Midland County, 367 thousand reported
RINGO-BIRD 7C — oil, Pioneer Natural Res. USA, Inc., Reagan County, 367 thousand reported
GUERRA, AVELINA — gas, Pioneer Natural Res. USA, Inc., Zapata County, 367 thousand reported
BROOK D-31H — oil, Pioneer Natural Res. USA, Inc., Upton County, 367 thousand reported
LEONARD KUENSTLER GAS UNIT — gas, Pioneer Natural Res. USA, Inc., Lavaca County, 367 thousand reported
BRUNSON 36F — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 366 thousand reported
ARICK-SIMMS 26H — oil, Pioneer Natural Res. USA, Inc., Midland County, 366 thousand reported
HOUSTON, H. A. "A" — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 366 thousand reported
DONALD L HUTT FEE W20S — oil, Pioneer Natural Res. USA, Inc., Midland County, 366 thousand reported
SHAQ F 38-14 — oil, Pioneer Natural Res. USA, Inc., Upton County, 366 thousand reported
MIDKIFF NES11T — oil, Pioneer Natural Res. USA, Inc., Midland County, 366 thousand reported
UNIVERSITY 10-11C — oil, Pioneer Natural Res. USA, Inc., Reagan County, 366 thousand reported
MO-MC 1H — oil, Pioneer Natural Res. USA, Inc., Martin County, 366 thousand reported
EPLEY-ROGERS 43G — oil, Pioneer Natural Res. USA, Inc., Martin County, 366 thousand reported
MEEK-LINDSAY 6L — oil, Pioneer Natural Res. USA, Inc., Martin County, 366 thousand reported
NORTH BROOK 38-37EC — oil, Pioneer Natural Res. USA, Inc., Upton County, 366 thousand reported
CASWELL SNELSON — gas, Pioneer Natural Res. USA, Inc., Montague County, 365 thousand reported
SHAQ A 38-14 — oil, Pioneer Natural Res. USA, Inc., Upton County, 365 thousand reported
SHACKELFORD 31-26F — oil, Pioneer Natural Res. USA, Inc., Midland County, 365 thousand reported
ODANIEL-FLOYD E1A — oil, Pioneer Natural Res. USA, Inc., Midland County, 365 thousand reported
PEMBROOK X-1H — oil, Pioneer Natural Res. USA, Inc., Upton County, 365 thousand reported
SHACKELFORD 14F — oil, Pioneer Natural Res. USA, Inc., Midland County, 365 thousand reported
ODANIEL-CONIAH 59A — oil, Pioneer Natural Res. USA, Inc., Midland County, 365 thousand reported
UNIVERSITY W2-30C — oil, Pioneer Natural Res. USA, Inc., Reagan County, 365 thousand reported
ORSON-BILLY 139C — oil, Pioneer Natural Res. USA, Inc., Martin County, 364 thousand reported
BROOK B-1SC — oil, Pioneer Natural Res. USA, Inc., Upton County, 364 thousand reported
FRANK 11KK — oil, Pioneer Natural Res. USA, Inc., Midland County, 364 thousand reported
RBR I — gas, Pioneer Natural Res. USA, Inc., Parker County, 364 thousand reported
SHACKELFORD 10R — oil, Pioneer Natural Res. USA, Inc., Midland County, 364 thousand reported
DONOVAN-WILLIS W32A — oil, Pioneer Natural Res. USA, Inc., Midland County, 364 thousand reported
PIRTLE UNIT — gas, Pioneer Natural Res. USA, Inc., Montague County, 364 thousand reported
STRAIN RANCH 13B-24B-C — oil, Pioneer Natural Res. USA, Inc., Martin County, 364 thousand reported
MIDKIFF W1F — oil, Pioneer Natural Res. USA, Inc., Midland County, 364 thousand reported
SALLY 26B — oil, Pioneer Natural Res. USA, Inc., Midland County, 364 thousand reported
DRIVER E5E — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 364 thousand reported
DRIVER 4C-W 3-46F — oil, Pioneer Natural Res. USA, Inc., Midland County, 364 thousand reported
ODANIEL-CONIAH 59C — oil, Pioneer Natural Res. USA, Inc., Midland County, 364 thousand reported
BRUNSON 36-13B — oil, Pioneer Natural Res. USA, Inc., Glasscock County, 363 thousand reported
WOODY C36D — oil, Pioneer Natural Res. USA, Inc., Martin County, 363 thousand reported
CRAWFORD TANK FARM NW7Q — oil, Pioneer Natural Res. USA, Inc., Midland County, 363 thousand reported
WOODY-HOUSTON E37Q — oil, Pioneer Natural Res. USA, Inc., Martin County, 363 thousand reported
ELKIN-ESTES 34G — oil, Pioneer Natural Res. USA, Inc., Midland County, 363 thousand reported
MCALISTER 33N — oil, Pioneer Natural Res. USA, Inc., Midland County, 363 thousand reported
TXL-SHACKELFORD 37G — oil, Pioneer Natural Res. USA, Inc., Midland County, 362 thousand reported
PRESTON W13I — oil, Pioneer Natural Res. USA, Inc., Midland County, 362 thousand reported
MEEK-LINDSAY 6T — oil, Pioneer Natural Res. USA, Inc., Martin County, 362 thousand reported
PINTAIL H 31-30 — oil, Pioneer Natural Res. USA, Inc., Midland County, 362 thousand reported
WINDHAM "43" — oil, Pioneer Natural Res. USA, Inc., Upton County, 362 thousand reported

Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.