BEND "A"
BEND "A" 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 January 2011 to August 2026, totalling 65,954 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 $874K, with roughly $163K 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 193 barrels a month. Its strongest month on the record we hold was August 2022, at 449 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 BEND "A"
- Who operates BEND "A"?
- BEND "A" is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is BEND "A"?
- BEND "A" is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40850.
- Is BEND "A" still producing?
- BEND "A" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BEND "A" is August 2026.
- How much has BEND "A" produced?
- BEND "A" has reported 65,954 barrels of oil (bbl) to the Railroad Commission of Texas between January 2011 and August 2026, from 1 wellbore.
- How much is BEND "A" worth?
- The remaining production from BEND "A" is estimated to be worth about $874K in total as of 26 August 2026, within a range of $682K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BEND "A" is a fraction of it. The estimate fits an Arps decline curve to the production BEND "A" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BEND "A" is an estimate of value, not an offer and not an appraisal.
- How much income does BEND "A" generate in a year?
- BEND "A" is forecast to net about $163K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BEND "A" 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 | 40850 |
| Wellbores | 1 |
| Reported production | 65,954 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $874K |
Where BEND "A" 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.