BIZZELL-IRVIN 15U UNIT
BIZZELL-IRVIN 15U UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 9 wellbores on file with the Commission. Reported production runs from April 2021 to August 2026, totalling 2,632,313 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 $34.2M, with roughly $11.3M 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 18,105 barrels a month, about 2,012 per wellbore. Its strongest month on the record we hold was January 2022, at 248,552 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 BIZZELL-IRVIN 15U UNIT
- Who operates BIZZELL-IRVIN 15U UNIT?
- BIZZELL-IRVIN 15U UNIT is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is BIZZELL-IRVIN 15U UNIT?
- BIZZELL-IRVIN 15U UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56146.
- Is BIZZELL-IRVIN 15U UNIT still producing?
- BIZZELL-IRVIN 15U UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIZZELL-IRVIN 15U UNIT is August 2026.
- How much has BIZZELL-IRVIN 15U UNIT produced?
- BIZZELL-IRVIN 15U UNIT has reported 2,632,313 barrels of oil (bbl) to the Railroad Commission of Texas between April 2021 and August 2026, from 9 wellbores.
- How much is BIZZELL-IRVIN 15U UNIT worth?
- The remaining production from BIZZELL-IRVIN 15U UNIT is estimated to be worth about $34.2M in total as of 26 August 2026, within a range of $28.1M to $40.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIZZELL-IRVIN 15U UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BIZZELL-IRVIN 15U UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIZZELL-IRVIN 15U UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BIZZELL-IRVIN 15U UNIT generate in a year?
- BIZZELL-IRVIN 15U UNIT is forecast to net about $11.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BIZZELL-IRVIN 15U UNIT 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 | 56146 |
| Wellbores | 9 |
| Reported production | 2,632,313 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $34.2M |
Where BIZZELL-IRVIN 15U UNIT 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.