E. T. O'DANIEL 3E
E. T. O'DANIEL 3E 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 September 2015 to August 2026, totalling 301,534 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 $2.9M, with roughly $548K 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 459 barrels a month. Its strongest month on the record we hold was May 2016, at 10,182 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 E. T. O'DANIEL 3E
- Who operates E. T. O'DANIEL 3E?
- E. T. O'DANIEL 3E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is E. T. O'DANIEL 3E?
- E. T. O'DANIEL 3E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47237.
- Is E. T. O'DANIEL 3E still producing?
- E. T. O'DANIEL 3E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for E. T. O'DANIEL 3E is August 2026.
- How much has E. T. O'DANIEL 3E produced?
- E. T. O'DANIEL 3E has reported 301,534 barrels of oil (bbl) to the Railroad Commission of Texas between September 2015 and August 2026, from 1 wellbore.
- How much is E. T. O'DANIEL 3E worth?
- The remaining production from E. T. O'DANIEL 3E is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.2M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in E. T. O'DANIEL 3E is a fraction of it. The estimate fits an Arps decline curve to the production E. T. O'DANIEL 3E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for E. T. O'DANIEL 3E is an estimate of value, not an offer and not an appraisal.
- How much income does E. T. O'DANIEL 3E generate in a year?
- E. T. O'DANIEL 3E is forecast to net about $548K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in E. T. O'DANIEL 3E 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) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 47237 |
| Wellbores | 1 |
| Reported production | 301,534 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where E. T. O'DANIEL 3E 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.