KENDALL 23-11G
KENDALL 23-11G is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 580,770 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 $26.9M, with roughly $6.9M 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 8,415 barrels a month. Its strongest month on the record we hold was February 2023, at 41,761 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 KENDALL 23-11G
- Who operates KENDALL 23-11G?
- KENDALL 23-11G is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is KENDALL 23-11G?
- KENDALL 23-11G is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21895.
- Is KENDALL 23-11G still producing?
- KENDALL 23-11G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KENDALL 23-11G is August 2026.
- How much has KENDALL 23-11G produced?
- KENDALL 23-11G has reported 580,770 barrels of oil (bbl) to the Railroad Commission of Texas between September 2022 and August 2026, from 1 wellbore.
- How much is KENDALL 23-11G worth?
- The remaining production from KENDALL 23-11G is estimated to be worth about $26.9M in total as of 27 August 2026, within a range of $22.4M to $31.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KENDALL 23-11G is a fraction of it. The estimate fits an Arps decline curve to the production KENDALL 23-11G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KENDALL 23-11G is an estimate of value, not an offer and not an appraisal.
- How much income does KENDALL 23-11G generate in a year?
- KENDALL 23-11G is forecast to net about $6.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KENDALL 23-11G 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 | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21895 |
| Wellbores | 1 |
| Reported production | 580,770 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $26.9M |
Where KENDALL 23-11G 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.