RICHARDS 47A
RICHARDS 47A is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 2 wellbores on file with the Commission. Reported production runs from December 2006 to August 2026, totalling 25,567 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 $58K, with roughly $11K 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 17 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was June 2023, at 58 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 RICHARDS 47A
- Who operates RICHARDS 47A?
- RICHARDS 47A is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is RICHARDS 47A?
- RICHARDS 47A is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39423.
- Is RICHARDS 47A still producing?
- RICHARDS 47A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARDS 47A is August 2026.
- How much has RICHARDS 47A produced?
- RICHARDS 47A has reported 25,567 barrels of oil (bbl) to the Railroad Commission of Texas between December 2006 and August 2026, from 2 wellbores.
- How much is RICHARDS 47A worth?
- The remaining production from RICHARDS 47A is estimated to be worth about $58K in total as of 26 August 2026, within a range of $32K to $84K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARDS 47A is a fraction of it. The estimate fits an Arps decline curve to the production RICHARDS 47A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARDS 47A is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARDS 47A generate in a year?
- RICHARDS 47A is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICHARDS 47A 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 | 39423 |
| Wellbores | 2 |
| Reported production | 25,567 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $58K |
Where RICHARDS 47A 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.