SALE RANCH 23G
SALE RANCH 23G 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 June 2017 to August 2026, totalling 463,572 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 $3.9M, with roughly $907K 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 945 barrels a month. Its strongest month on the record we hold was October 2017, at 25,863 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 23G
- Who operates SALE RANCH 23G?
- SALE RANCH 23G is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SALE RANCH 23G?
- SALE RANCH 23G is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48977.
- Is SALE RANCH 23G still producing?
- SALE RANCH 23G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE RANCH 23G is August 2026.
- How much has SALE RANCH 23G produced?
- SALE RANCH 23G has reported 463,572 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 1 wellbore.
- How much is SALE RANCH 23G worth?
- The remaining production from SALE RANCH 23G is estimated to be worth about $3.9M in total as of 27 August 2026, within a range of $3.1M to $4.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE RANCH 23G is a fraction of it. The estimate fits an Arps decline curve to the production SALE RANCH 23G 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 23G is an estimate of value, not an offer and not an appraisal.
- How much income does SALE RANCH 23G generate in a year?
- SALE RANCH 23G is forecast to net about $907K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALE RANCH 23G 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 | 48977 |
| Wellbores | 1 |
| Reported production | 463,572 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.9M |
Where SALE RANCH 23G 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.