NUNN-GANZE 18E
NUNN-GANZE 18E 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 July 2025 to August 2026, totalling 54,164 barrels. The lease is intermittent. 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 $11.1M, with roughly $2.5M 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 4,570 barrels a month. Its strongest month on the record we hold was March 2026, at 18,248 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 NUNN-GANZE 18E
- Who operates NUNN-GANZE 18E?
- NUNN-GANZE 18E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is NUNN-GANZE 18E?
- NUNN-GANZE 18E is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23248.
- Is NUNN-GANZE 18E still producing?
- NUNN-GANZE 18E is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NUNN-GANZE 18E is August 2026.
- How much has NUNN-GANZE 18E produced?
- NUNN-GANZE 18E has reported 54,164 barrels of oil (bbl) to the Railroad Commission of Texas between July 2025 and August 2026, from 1 wellbore.
- How much is NUNN-GANZE 18E worth?
- The remaining production from NUNN-GANZE 18E is estimated to be worth about $11.1M in total as of 26 August 2026, within a range of $9.2M to $13.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NUNN-GANZE 18E is a fraction of it. The estimate fits an Arps decline curve to the production NUNN-GANZE 18E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NUNN-GANZE 18E is an estimate of value, not an offer and not an appraisal.
- How much income does NUNN-GANZE 18E generate in a year?
- NUNN-GANZE 18E is forecast to net about $2.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NUNN-GANZE 18E 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 | 23248 |
| Wellbores | 1 |
| Reported production | 54,164 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.1M |
Where NUNN-GANZE 18E 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.