SIMONS-ELROD 34I
SIMONS-ELROD 34I 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 April 2025 to August 2026, totalling 74,313 barrels. The lease is intermittent. 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 $23.2M, with roughly $5.0M 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 5,576 barrels a month. Its strongest month on the record we hold was November 2025, at 12,286 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SIMONS-ELROD 34I
- Who operates SIMONS-ELROD 34I?
- SIMONS-ELROD 34I is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SIMONS-ELROD 34I?
- SIMONS-ELROD 34I is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63978.
- Is SIMONS-ELROD 34I still producing?
- SIMONS-ELROD 34I is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SIMONS-ELROD 34I is August 2026.
- How much has SIMONS-ELROD 34I produced?
- SIMONS-ELROD 34I has reported 74,313 barrels of oil (bbl) to the Railroad Commission of Texas between April 2025 and August 2026, from 1 wellbore.
- How much is SIMONS-ELROD 34I worth?
- The remaining production from SIMONS-ELROD 34I is estimated to be worth about $23.2M in total as of 27 August 2026, within a range of $19.3M to $27.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SIMONS-ELROD 34I is a fraction of it. The estimate fits an Arps decline curve to the production SIMONS-ELROD 34I has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SIMONS-ELROD 34I is an estimate of value, not an offer and not an appraisal.
- How much income does SIMONS-ELROD 34I generate in a year?
- SIMONS-ELROD 34I is forecast to net about $5.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SIMONS-ELROD 34I 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 | 63978 |
| Wellbores | 1 |
| Reported production | 74,313 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $23.2M |
Where SIMONS-ELROD 34I 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.