SALE RANCH 23F
SALE RANCH 23F 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 October 2015 to August 2026, totalling 556,091 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 $3.7M, with roughly $717K 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 289 barrels a month. Its strongest month on the record we hold was May 2016, at 29,065 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 23F
- Who operates SALE RANCH 23F?
- SALE RANCH 23F is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SALE RANCH 23F?
- SALE RANCH 23F is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47226.
- Is SALE RANCH 23F still producing?
- SALE RANCH 23F is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE RANCH 23F is August 2026.
- How much has SALE RANCH 23F produced?
- SALE RANCH 23F has reported 556,091 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is SALE RANCH 23F worth?
- The remaining production from SALE RANCH 23F is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $2.9M to $4.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE RANCH 23F is a fraction of it. The estimate fits an Arps decline curve to the production SALE RANCH 23F 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 23F is an estimate of value, not an offer and not an appraisal.
- How much income does SALE RANCH 23F generate in a year?
- SALE RANCH 23F is forecast to net about $717K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SALE RANCH 23F 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 | 47226 |
| Wellbores | 1 |
| Reported production | 556,091 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where SALE RANCH 23F 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.