TXL-SHACKELFORD 37L
TXL-SHACKELFORD 37L 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 July 2018 to August 2026, totalling 374,763 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 $4.3M, with roughly $955K 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 780 barrels a month. Its strongest month on the record we hold was May 2019, at 43,274 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 TXL-SHACKELFORD 37L
- Who operates TXL-SHACKELFORD 37L?
- TXL-SHACKELFORD 37L is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is TXL-SHACKELFORD 37L?
- TXL-SHACKELFORD 37L is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51351.
- Is TXL-SHACKELFORD 37L still producing?
- TXL-SHACKELFORD 37L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TXL-SHACKELFORD 37L is August 2026.
- How much has TXL-SHACKELFORD 37L produced?
- TXL-SHACKELFORD 37L has reported 374,763 barrels of oil (bbl) to the Railroad Commission of Texas between July 2018 and August 2026, from 1 wellbore.
- How much is TXL-SHACKELFORD 37L worth?
- The remaining production from TXL-SHACKELFORD 37L is estimated to be worth about $4.3M in total as of 27 August 2026, within a range of $3.4M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TXL-SHACKELFORD 37L is a fraction of it. The estimate fits an Arps decline curve to the production TXL-SHACKELFORD 37L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TXL-SHACKELFORD 37L is an estimate of value, not an offer and not an appraisal.
- How much income does TXL-SHACKELFORD 37L generate in a year?
- TXL-SHACKELFORD 37L is forecast to net about $955K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TXL-SHACKELFORD 37L 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) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 51351 |
| Wellbores | 1 |
| Reported production | 374,763 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.3M |
Where TXL-SHACKELFORD 37L 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.