SPRINGER
SPRINGER 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 May 2004 to August 2026, totalling 165,203 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 $954K, with roughly $302K 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 375 barrels a month, about 75 per wellbore. Its strongest month on the record we hold was May 2016, at 2,014 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 SPRINGER
- Who operates SPRINGER?
- SPRINGER is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is SPRINGER?
- SPRINGER is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37359.
- Is SPRINGER still producing?
- SPRINGER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPRINGER is August 2026.
- How much has SPRINGER produced?
- SPRINGER has reported 165,203 barrels of oil (bbl) to the Railroad Commission of Texas between May 2004 and August 2026, from 5 wellbores.
- How much is SPRINGER worth?
- The remaining production from SPRINGER is estimated to be worth about $954K in total as of 26 August 2026, within a range of $744K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPRINGER is a fraction of it. The estimate fits an Arps decline curve to the production SPRINGER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPRINGER is an estimate of value, not an offer and not an appraisal.
- How much income does SPRINGER generate in a year?
- SPRINGER is forecast to net about $302K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPRINGER 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 | 37359 |
| Wellbores | 5 |
| Reported production | 165,203 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $954K |
Where SPRINGER 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.