1 MILE 29 G
1 MILE 29 G is a Texas oil lease in Midland 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 August 2021 to August 2026, totalling 151,893 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 $3.0M, with roughly $820K 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 1,145 barrels a month. Its strongest month on the record we hold was October 2021, at 16,950 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 1 MILE 29 G
- Who operates 1 MILE 29 G?
- 1 MILE 29 G is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is 1 MILE 29 G?
- 1 MILE 29 G is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56198.
- Is 1 MILE 29 G still producing?
- 1 MILE 29 G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for 1 MILE 29 G is August 2026.
- How much has 1 MILE 29 G produced?
- 1 MILE 29 G has reported 151,893 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is 1 MILE 29 G worth?
- The remaining production from 1 MILE 29 G is estimated to be worth about $3.0M in total as of 27 August 2026, within a range of $2.5M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in 1 MILE 29 G is a fraction of it. The estimate fits an Arps decline curve to the production 1 MILE 29 G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for 1 MILE 29 G is an estimate of value, not an offer and not an appraisal.
- How much income does 1 MILE 29 G generate in a year?
- 1 MILE 29 G is forecast to net about $820K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in 1 MILE 29 G 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 | Midland County, Texas |
| RRC district | 08 |
| Lease number | 56198 |
| Wellbores | 1 |
| Reported production | 151,893 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where 1 MILE 29 G 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.