SALE RANCH 28M
SALE RANCH 28M 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 February 2016 to August 2026, totalling 246,445 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 $374K, with roughly $224K 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 483 barrels a month. Its strongest month on the record we hold was May 2016, at 12,324 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 28M
- Who operates SALE RANCH 28M?
- SALE RANCH 28M is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SALE RANCH 28M?
- SALE RANCH 28M is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47702.
- Is SALE RANCH 28M still producing?
- SALE RANCH 28M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE RANCH 28M is August 2026.
- How much has SALE RANCH 28M produced?
- SALE RANCH 28M has reported 246,445 barrels of oil (bbl) to the Railroad Commission of Texas between February 2016 and August 2026, from 1 wellbore.
- How much is SALE RANCH 28M worth?
- The remaining production from SALE RANCH 28M is estimated to be worth about $374K in total as of 27 August 2026, within a range of $292K to $457K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE RANCH 28M is a fraction of it. The estimate fits an Arps decline curve to the production SALE RANCH 28M 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 28M is an estimate of value, not an offer and not an appraisal.
- How much income does SALE RANCH 28M generate in a year?
- SALE RANCH 28M is forecast to net about $224K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALE RANCH 28M 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 | 47702 |
| Wellbores | 1 |
| Reported production | 246,445 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $374K |
Where SALE RANCH 28M 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.