MIDKIFF 1M
MIDKIFF 1M 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 March 2019 to August 2026, totalling 358,249 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 $3.5M, with roughly $859K 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 882 barrels a month. Its strongest month on the record we hold was April 2019, at 16,985 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 MIDKIFF 1M
- Who operates MIDKIFF 1M?
- MIDKIFF 1M is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is MIDKIFF 1M?
- MIDKIFF 1M is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51996.
- Is MIDKIFF 1M still producing?
- MIDKIFF 1M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDKIFF 1M is August 2026.
- How much has MIDKIFF 1M produced?
- MIDKIFF 1M has reported 358,249 barrels of oil (bbl) to the Railroad Commission of Texas between March 2019 and August 2026, from 1 wellbore.
- How much is MIDKIFF 1M worth?
- The remaining production from MIDKIFF 1M is estimated to be worth about $3.5M in total as of 26 August 2026, within a range of $2.7M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDKIFF 1M is a fraction of it. The estimate fits an Arps decline curve to the production MIDKIFF 1M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDKIFF 1M is an estimate of value, not an offer and not an appraisal.
- How much income does MIDKIFF 1M generate in a year?
- MIDKIFF 1M is forecast to net about $859K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIDKIFF 1M 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 | 51996 |
| Wellbores | 1 |
| Reported production | 358,249 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where MIDKIFF 1M 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.