SALE RANCH 20E
SALE RANCH 20E 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 November 2015 to August 2026, totalling 416,377 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 $2.2M, with roughly $554K 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 660 barrels a month. Its strongest month on the record we hold was May 2016, at 12,906 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 SALE RANCH 20E
- Who operates SALE RANCH 20E?
- SALE RANCH 20E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SALE RANCH 20E?
- SALE RANCH 20E is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47178.
- Is SALE RANCH 20E still producing?
- SALE RANCH 20E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE RANCH 20E is August 2026.
- How much has SALE RANCH 20E produced?
- SALE RANCH 20E has reported 416,377 barrels of oil (bbl) to the Railroad Commission of Texas between November 2015 and August 2026, from 1 wellbore.
- How much is SALE RANCH 20E worth?
- The remaining production from SALE RANCH 20E is estimated to be worth about $2.2M in total as of 27 August 2026, within a range of $1.7M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE RANCH 20E is a fraction of it. The estimate fits an Arps decline curve to the production SALE RANCH 20E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALE RANCH 20E is an estimate of value, not an offer and not an appraisal.
- How much income does SALE RANCH 20E generate in a year?
- SALE RANCH 20E is forecast to net about $554K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALE RANCH 20E 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 | 47178 |
| Wellbores | 1 |
| Reported production | 416,377 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where SALE RANCH 20E 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.