CRAWFORD-WELCHEST 27B
CRAWFORD-WELCHEST 27B 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 May 2024 to August 2026, totalling 283,397 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 $8.4M, with roughly $3.1M 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 5,747 barrels a month. Its strongest month on the record we hold was November 2024, at 51,554 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 CRAWFORD-WELCHEST 27B
- Who operates CRAWFORD-WELCHEST 27B?
- CRAWFORD-WELCHEST 27B is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is CRAWFORD-WELCHEST 27B?
- CRAWFORD-WELCHEST 27B is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62029.
- Is CRAWFORD-WELCHEST 27B still producing?
- CRAWFORD-WELCHEST 27B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAWFORD-WELCHEST 27B is August 2026.
- How much has CRAWFORD-WELCHEST 27B produced?
- CRAWFORD-WELCHEST 27B has reported 283,397 barrels of oil (bbl) to the Railroad Commission of Texas between May 2024 and August 2026, from 1 wellbore.
- How much is CRAWFORD-WELCHEST 27B worth?
- The remaining production from CRAWFORD-WELCHEST 27B is estimated to be worth about $8.4M in total as of 26 August 2026, within a range of $6.9M to $9.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAWFORD-WELCHEST 27B is a fraction of it. The estimate fits an Arps decline curve to the production CRAWFORD-WELCHEST 27B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CRAWFORD-WELCHEST 27B is an estimate of value, not an offer and not an appraisal.
- How much income does CRAWFORD-WELCHEST 27B generate in a year?
- CRAWFORD-WELCHEST 27B is forecast to net about $3.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAWFORD-WELCHEST 27B 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 | Midland County, Texas |
| RRC district | 08 |
| Lease number | 62029 |
| Wellbores | 1 |
| Reported production | 283,397 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.4M |
Where CRAWFORD-WELCHEST 27B 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.