SALE RANCH 21C
SALE RANCH 21C 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 August 2015 to August 2026, totalling 413,994 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 $2.9M, with roughly $573K 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 559 barrels a month. Its strongest month on the record we hold was May 2016, at 11,189 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 SALE RANCH 21C
- Who operates SALE RANCH 21C?
- SALE RANCH 21C is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SALE RANCH 21C?
- SALE RANCH 21C is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47147.
- Is SALE RANCH 21C still producing?
- SALE RANCH 21C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE RANCH 21C is August 2026.
- How much has SALE RANCH 21C produced?
- SALE RANCH 21C has reported 413,994 barrels of oil (bbl) to the Railroad Commission of Texas between August 2015 and August 2026, from 1 wellbore.
- How much is SALE RANCH 21C worth?
- The remaining production from SALE RANCH 21C is estimated to be worth about $2.9M in total as of 27 August 2026, within a range of $2.3M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE RANCH 21C is a fraction of it. The estimate fits an Arps decline curve to the production SALE RANCH 21C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALE RANCH 21C is an estimate of value, not an offer and not an appraisal.
- How much income does SALE RANCH 21C generate in a year?
- SALE RANCH 21C is forecast to net about $573K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALE RANCH 21C 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 | 47147 |
| Wellbores | 1 |
| Reported production | 413,994 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where SALE RANCH 21C 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.