SHACKELFORD 39-27AD
SHACKELFORD 39-27AD 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 February 2025 to August 2026, totalling 257,453 barrels. The lease is intermittent. 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 $6.0M, with roughly $5.1M 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 20,863 barrels a month. Its strongest month on the record we hold was August 2025, at 51,090 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 SHACKELFORD 39-27AD
- Who operates SHACKELFORD 39-27AD?
- SHACKELFORD 39-27AD is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SHACKELFORD 39-27AD?
- SHACKELFORD 39-27AD is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63495.
- Is SHACKELFORD 39-27AD still producing?
- SHACKELFORD 39-27AD is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SHACKELFORD 39-27AD is August 2026.
- How much has SHACKELFORD 39-27AD produced?
- SHACKELFORD 39-27AD has reported 257,453 barrels of oil (bbl) to the Railroad Commission of Texas between February 2025 and August 2026, from 1 wellbore.
- How much is SHACKELFORD 39-27AD worth?
- The remaining production from SHACKELFORD 39-27AD is estimated to be worth about $6.0M in total as of 27 August 2026, within a range of $4.9M to $7.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHACKELFORD 39-27AD is a fraction of it. The estimate fits an Arps decline curve to the production SHACKELFORD 39-27AD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHACKELFORD 39-27AD is an estimate of value, not an offer and not an appraisal.
- How much income does SHACKELFORD 39-27AD generate in a year?
- SHACKELFORD 39-27AD is forecast to net about $5.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHACKELFORD 39-27AD 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 | 63495 |
| Wellbores | 1 |
| Reported production | 257,453 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.0M |
Where SHACKELFORD 39-27AD 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.