SHACKELFORD 3-38C
SHACKELFORD 3-38C 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 October 2022 to August 2026, totalling 471,159 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 $10.9M, with roughly $3.2M 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 4,991 barrels a month. Its strongest month on the record we hold was November 2022, at 37,217 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SHACKELFORD 3-38C
- Who operates SHACKELFORD 3-38C?
- SHACKELFORD 3-38C is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SHACKELFORD 3-38C?
- SHACKELFORD 3-38C is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58159.
- Is SHACKELFORD 3-38C still producing?
- SHACKELFORD 3-38C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHACKELFORD 3-38C is August 2026.
- How much has SHACKELFORD 3-38C produced?
- SHACKELFORD 3-38C has reported 471,159 barrels of oil (bbl) to the Railroad Commission of Texas between October 2022 and August 2026, from 1 wellbore.
- How much is SHACKELFORD 3-38C worth?
- The remaining production from SHACKELFORD 3-38C is estimated to be worth about $10.9M in total as of 27 August 2026, within a range of $9.1M to $12.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHACKELFORD 3-38C is a fraction of it. The estimate fits an Arps decline curve to the production SHACKELFORD 3-38C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHACKELFORD 3-38C is an estimate of value, not an offer and not an appraisal.
- How much income does SHACKELFORD 3-38C generate in a year?
- SHACKELFORD 3-38C is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHACKELFORD 3-38C 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 | 58159 |
| Wellbores | 1 |
| Reported production | 471,159 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.9M |
Where SHACKELFORD 3-38C 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.