ALLEDER-WELCH 33P
ALLEDER-WELCH 33P 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 November 2025 to August 2026, totalling 36,225 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 $6.1M, with roughly $1.2M 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 1,486 barrels a month. Its strongest month on the record we hold was April 2026, at 8,914 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 ALLEDER-WELCH 33P
- Who operates ALLEDER-WELCH 33P?
- ALLEDER-WELCH 33P is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is ALLEDER-WELCH 33P?
- ALLEDER-WELCH 33P is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64807.
- Is ALLEDER-WELCH 33P still producing?
- ALLEDER-WELCH 33P is intermittent. The most recent month of production reported to the Railroad Commission of Texas for ALLEDER-WELCH 33P is August 2026.
- How much has ALLEDER-WELCH 33P produced?
- ALLEDER-WELCH 33P has reported 36,225 barrels of oil (bbl) to the Railroad Commission of Texas between November 2025 and August 2026, from 1 wellbore.
- How much is ALLEDER-WELCH 33P worth?
- The remaining production from ALLEDER-WELCH 33P is estimated to be worth about $6.1M in total as of 27 August 2026, within a range of $5.1M to $7.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALLEDER-WELCH 33P is a fraction of it. The estimate fits an Arps decline curve to the production ALLEDER-WELCH 33P has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALLEDER-WELCH 33P is an estimate of value, not an offer and not an appraisal.
- How much income does ALLEDER-WELCH 33P generate in a year?
- ALLEDER-WELCH 33P is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ALLEDER-WELCH 33P 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 | 64807 |
| Wellbores | 1 |
| Reported production | 36,225 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.1M |
Where ALLEDER-WELCH 33P 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.