KENDRICK
KENDRICK is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 5 wellbores on file with the Commission. Reported production runs from December 2005 to August 2026, totalling 226,675 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 $550K, with roughly $211K 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 514 barrels a month, about 103 per wellbore. Its strongest month on the record we hold was May 2016, at 2,221 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 KENDRICK
- Who operates KENDRICK?
- KENDRICK is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is KENDRICK?
- KENDRICK is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37711.
- Is KENDRICK still producing?
- KENDRICK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KENDRICK is August 2026.
- How much has KENDRICK produced?
- KENDRICK has reported 226,675 barrels of oil (bbl) to the Railroad Commission of Texas between December 2005 and August 2026, from 5 wellbores.
- How much is KENDRICK worth?
- The remaining production from KENDRICK is estimated to be worth about $550K in total as of 26 August 2026, within a range of $429K to $671K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KENDRICK is a fraction of it. The estimate fits an Arps decline curve to the production KENDRICK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KENDRICK is an estimate of value, not an offer and not an appraisal.
- How much income does KENDRICK generate in a year?
- KENDRICK is forecast to net about $211K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KENDRICK 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 | 37711 |
| Wellbores | 5 |
| Reported production | 226,675 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $550K |
Where KENDRICK 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.