MADISON-CALLAWAY 27D
MADISON-CALLAWAY 27D 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 September 2024 to August 2026, totalling 271,257 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 $4.7M, 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 18,370 barrels a month. Its strongest month on the record we hold was April 2025, at 44,660 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MADISON-CALLAWAY 27D
- Who operates MADISON-CALLAWAY 27D?
- MADISON-CALLAWAY 27D is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is MADISON-CALLAWAY 27D?
- MADISON-CALLAWAY 27D is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62221.
- Is MADISON-CALLAWAY 27D still producing?
- MADISON-CALLAWAY 27D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MADISON-CALLAWAY 27D is August 2026.
- How much has MADISON-CALLAWAY 27D produced?
- MADISON-CALLAWAY 27D has reported 271,257 barrels of oil (bbl) to the Railroad Commission of Texas between September 2024 and August 2026, from 1 wellbore.
- How much is MADISON-CALLAWAY 27D worth?
- The remaining production from MADISON-CALLAWAY 27D is estimated to be worth about $4.7M in total as of 27 August 2026, within a range of $3.9M to $5.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MADISON-CALLAWAY 27D is a fraction of it. The estimate fits an Arps decline curve to the production MADISON-CALLAWAY 27D has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MADISON-CALLAWAY 27D is an estimate of value, not an offer and not an appraisal.
- How much income does MADISON-CALLAWAY 27D generate in a year?
- MADISON-CALLAWAY 27D is forecast to net about $3.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MADISON-CALLAWAY 27D 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 | 62221 |
| Wellbores | 1 |
| Reported production | 271,257 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where MADISON-CALLAWAY 27D 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.