SNELL "11"
SNELL "11" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 4 wellbores on file with the Commission. Reported production runs from February 2009 to August 2026, totalling 271,766 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 $326K, with roughly $190K 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 482 barrels a month, about 121 per wellbore. Its strongest month on the record we hold was May 2016, at 1,928 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 SNELL "11"
- Who operates SNELL "11"?
- SNELL "11" is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SNELL "11"?
- SNELL "11" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39449.
- Is SNELL "11" still producing?
- SNELL "11" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNELL "11" is August 2026.
- How much has SNELL "11" produced?
- SNELL "11" has reported 271,766 barrels of oil (bbl) to the Railroad Commission of Texas between February 2009 and August 2026, from 4 wellbores.
- How much is SNELL "11" worth?
- The remaining production from SNELL "11" is estimated to be worth about $326K in total as of 26 August 2026, within a range of $254K to $397K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNELL "11" is a fraction of it. The estimate fits an Arps decline curve to the production SNELL "11" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNELL "11" is an estimate of value, not an offer and not an appraisal.
- How much income does SNELL "11" generate in a year?
- SNELL "11" is forecast to net about $190K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SNELL "11" 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 | Martin County, Texas |
| RRC district | 08 |
| Lease number | 39449 |
| Wellbores | 4 |
| Reported production | 271,766 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $326K |
Where SNELL "11" 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.