RICHEY "53"
RICHEY "53" is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Pioneer Natural Res. USA, Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2006 to August 2026, totalling 17,522 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 $355K, with roughly $47K 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 7 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was January 2023, at 70 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 RICHEY "53"
- Who operates RICHEY "53"?
- RICHEY "53" is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is RICHEY "53"?
- RICHEY "53" is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16023.
- Is RICHEY "53" still producing?
- RICHEY "53" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHEY "53" is August 2026.
- How much has RICHEY "53" produced?
- RICHEY "53" has reported 17,522 barrels of oil (bbl) to the Railroad Commission of Texas between April 2006 and August 2026, from 2 wellbores.
- How much is RICHEY "53" worth?
- The remaining production from RICHEY "53" is estimated to be worth about $355K in total as of 27 August 2026, within a range of $0 to $709K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHEY "53" is a fraction of it. The estimate fits an Arps decline curve to the production RICHEY "53" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHEY "53" is an estimate of value, not an offer and not an appraisal.
- How much income does RICHEY "53" generate in a year?
- RICHEY "53" is forecast to net about $47K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RICHEY "53" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Probandt (Canyon) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 16023 |
| Wellbores | 2 |
| Reported production | 17,522 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $355K |
Where RICHEY "53" 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.