WATKINS-BURKITT 1204F
WATKINS-BURKITT 1204F is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2019 to August 2026, totalling 208,748 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 $3.0M, with roughly $570K 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 512 barrels a month. Its strongest month on the record we hold was April 2019, at 17,061 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 WATKINS-BURKITT 1204F
- Who operates WATKINS-BURKITT 1204F?
- WATKINS-BURKITT 1204F is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is WATKINS-BURKITT 1204F?
- WATKINS-BURKITT 1204F is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20250.
- Is WATKINS-BURKITT 1204F still producing?
- WATKINS-BURKITT 1204F is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATKINS-BURKITT 1204F is August 2026.
- How much has WATKINS-BURKITT 1204F produced?
- WATKINS-BURKITT 1204F has reported 208,748 barrels of oil (bbl) to the Railroad Commission of Texas between March 2019 and August 2026, from 1 wellbore.
- How much is WATKINS-BURKITT 1204F worth?
- The remaining production from WATKINS-BURKITT 1204F is estimated to be worth about $3.0M in total as of 27 August 2026, within a range of $2.3M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATKINS-BURKITT 1204F is a fraction of it. The estimate fits an Arps decline curve to the production WATKINS-BURKITT 1204F has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATKINS-BURKITT 1204F is an estimate of value, not an offer and not an appraisal.
- How much income does WATKINS-BURKITT 1204F generate in a year?
- WATKINS-BURKITT 1204F is forecast to net about $570K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATKINS-BURKITT 1204F receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 20250 |
| Wellbores | 1 |
| Reported production | 208,748 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where WATKINS-BURKITT 1204F 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.