SALE RANCH 28O
SALE RANCH 28O 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 February 2016 to August 2026, totalling 282,683 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 $278K, with roughly $160K 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 303 barrels a month. Its strongest month on the record we hold was August 2016, at 10,805 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 28O
- Who operates SALE RANCH 28O?
- SALE RANCH 28O is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SALE RANCH 28O?
- SALE RANCH 28O is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47583.
- Is SALE RANCH 28O still producing?
- SALE RANCH 28O is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE RANCH 28O is August 2026.
- How much has SALE RANCH 28O produced?
- SALE RANCH 28O has reported 282,683 barrels of oil (bbl) to the Railroad Commission of Texas between February 2016 and August 2026, from 1 wellbore.
- How much is SALE RANCH 28O worth?
- The remaining production from SALE RANCH 28O is estimated to be worth about $278K in total as of 26 August 2026, within a range of $217K to $340K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE RANCH 28O is a fraction of it. The estimate fits an Arps decline curve to the production SALE RANCH 28O 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 28O is an estimate of value, not an offer and not an appraisal.
- How much income does SALE RANCH 28O generate in a year?
- SALE RANCH 28O is forecast to net about $160K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SALE RANCH 28O 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 | 47583 |
| Wellbores | 1 |
| Reported production | 282,683 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $278K |
Where SALE RANCH 28O 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.