SANDEFUR '38'
SANDEFUR '38' is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 69,069 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 $848K, with roughly $159K 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 205 barrels a month. Its strongest month on the record we hold was December 2020, at 704 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 SANDEFUR '38'
- Who operates SANDEFUR '38'?
- SANDEFUR '38' is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SANDEFUR '38'?
- SANDEFUR '38' is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42789.
- Is SANDEFUR '38' still producing?
- SANDEFUR '38' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SANDEFUR '38' is August 2026.
- How much has SANDEFUR '38' produced?
- SANDEFUR '38' has reported 69,069 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is SANDEFUR '38' worth?
- The remaining production from SANDEFUR '38' is estimated to be worth about $848K in total as of 26 August 2026, within a range of $661K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SANDEFUR '38' is a fraction of it. The estimate fits an Arps decline curve to the production SANDEFUR '38' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SANDEFUR '38' is an estimate of value, not an offer and not an appraisal.
- How much income does SANDEFUR '38' generate in a year?
- SANDEFUR '38' is forecast to net about $159K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SANDEFUR '38' 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 | Midland County, Texas |
| RRC district | 08 |
| Lease number | 42789 |
| Wellbores | 1 |
| Reported production | 69,069 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $848K |
Where SANDEFUR '38' 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.