SALE RANCH 23D
SALE RANCH 23D 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 December 2016 to August 2026, totalling 380,513 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 $983K, with roughly $470K 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 527 barrels a month. Its strongest month on the record we hold was January 2017, at 34,000 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 23D
- Who operates SALE RANCH 23D?
- SALE RANCH 23D is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SALE RANCH 23D?
- SALE RANCH 23D is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48450.
- Is SALE RANCH 23D still producing?
- SALE RANCH 23D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE RANCH 23D is August 2026.
- How much has SALE RANCH 23D produced?
- SALE RANCH 23D has reported 380,513 barrels of oil (bbl) to the Railroad Commission of Texas between December 2016 and August 2026, from 1 wellbore.
- How much is SALE RANCH 23D worth?
- The remaining production from SALE RANCH 23D is estimated to be worth about $983K in total as of 27 August 2026, within a range of $766K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE RANCH 23D is a fraction of it. The estimate fits an Arps decline curve to the production SALE RANCH 23D 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 23D is an estimate of value, not an offer and not an appraisal.
- How much income does SALE RANCH 23D generate in a year?
- SALE RANCH 23D is forecast to net about $470K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALE RANCH 23D 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 | 48450 |
| Wellbores | 1 |
| Reported production | 380,513 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $983K |
Where SALE RANCH 23D 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.