ABRAXAS '32C'
ABRAXAS '32C' is a Texas oil lease in Martin 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 January 2013 to August 2026, totalling 36,782 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 $401K, with roughly $77K 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 105 barrels a month. Its strongest month on the record we hold was July 2016, at 420 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 ABRAXAS '32C'
- Who operates ABRAXAS '32C'?
- ABRAXAS '32C' is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is ABRAXAS '32C'?
- ABRAXAS '32C' is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43683.
- Is ABRAXAS '32C' still producing?
- ABRAXAS '32C' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ABRAXAS '32C' is August 2026.
- How much has ABRAXAS '32C' produced?
- ABRAXAS '32C' has reported 36,782 barrels of oil (bbl) to the Railroad Commission of Texas between January 2013 and August 2026, from 1 wellbore.
- How much is ABRAXAS '32C' worth?
- The remaining production from ABRAXAS '32C' is estimated to be worth about $401K in total as of 26 August 2026, within a range of $313K to $490K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ABRAXAS '32C' is a fraction of it. The estimate fits an Arps decline curve to the production ABRAXAS '32C' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ABRAXAS '32C' is an estimate of value, not an offer and not an appraisal.
- How much income does ABRAXAS '32C' generate in a year?
- ABRAXAS '32C' is forecast to net about $77K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ABRAXAS '32C' 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 | 43683 |
| Wellbores | 1 |
| Reported production | 36,782 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $401K |
Where ABRAXAS '32C' 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.