OWENS-CRAVENS W31C
OWENS-CRAVENS W31C is a Texas oil lease in Upton 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 October 2022 to August 2026, totalling 179,474 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 $646K, with roughly $458K 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 1,676 barrels a month. Its strongest month on the record we hold was April 2023, at 19,822 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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-CRAVENS W31C
- Who operates OWENS-CRAVENS W31C?
- OWENS-CRAVENS W31C is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is OWENS-CRAVENS W31C?
- OWENS-CRAVENS W31C is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21988.
- Is OWENS-CRAVENS W31C still producing?
- OWENS-CRAVENS W31C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWENS-CRAVENS W31C is August 2026.
- How much has OWENS-CRAVENS W31C produced?
- OWENS-CRAVENS W31C has reported 179,474 barrels of oil (bbl) to the Railroad Commission of Texas between October 2022 and August 2026, from 1 wellbore.
- How much is OWENS-CRAVENS W31C worth?
- The remaining production from OWENS-CRAVENS W31C is estimated to be worth about $646K in total as of 26 August 2026, within a range of $536K to $755K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWENS-CRAVENS W31C is a fraction of it. The estimate fits an Arps decline curve to the production OWENS-CRAVENS W31C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWENS-CRAVENS W31C is an estimate of value, not an offer and not an appraisal.
- How much income does OWENS-CRAVENS W31C generate in a year?
- OWENS-CRAVENS W31C is forecast to net about $458K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OWENS-CRAVENS W31C 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 | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21988 |
| Wellbores | 1 |
| Reported production | 179,474 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $646K |
Where OWENS-CRAVENS W31C 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.