GARNER "7"
GARNER "7" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 2012 to August 2026, totalling 90,658 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 $835K, with roughly $161K 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 223 barrels a month, about 74 per wellbore. Its strongest month on the record we hold was October 2020, at 1,501 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 GARNER "7"
- Who operates GARNER "7"?
- GARNER "7" is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is GARNER "7"?
- GARNER "7" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42345.
- Is GARNER "7" still producing?
- GARNER "7" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARNER "7" is August 2026.
- How much has GARNER "7" produced?
- GARNER "7" has reported 90,658 barrels of oil (bbl) to the Railroad Commission of Texas between January 2012 and August 2026, from 3 wellbores.
- How much is GARNER "7" worth?
- The remaining production from GARNER "7" is estimated to be worth about $835K in total as of 26 August 2026, within a range of $652K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARNER "7" is a fraction of it. The estimate fits an Arps decline curve to the production GARNER "7" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARNER "7" is an estimate of value, not an offer and not an appraisal.
- How much income does GARNER "7" generate in a year?
- GARNER "7" is forecast to net about $161K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GARNER "7" 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 | 42345 |
| Wellbores | 3 |
| Reported production | 90,658 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $835K |
Where GARNER "7" 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.