XBC-CAROLINE 3L
XBC-CAROLINE 3L 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 December 2019 to August 2026, totalling 388,192 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 $3.0M, with roughly $848K 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 1,147 barrels a month. Its strongest month on the record we hold was January 2020, at 21,347 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 XBC-CAROLINE 3L
- Who operates XBC-CAROLINE 3L?
- XBC-CAROLINE 3L is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is XBC-CAROLINE 3L?
- XBC-CAROLINE 3L is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20819.
- Is XBC-CAROLINE 3L still producing?
- XBC-CAROLINE 3L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for XBC-CAROLINE 3L is August 2026.
- How much has XBC-CAROLINE 3L produced?
- XBC-CAROLINE 3L has reported 388,192 barrels of oil (bbl) to the Railroad Commission of Texas between December 2019 and August 2026, from 1 wellbore.
- How much is XBC-CAROLINE 3L worth?
- The remaining production from XBC-CAROLINE 3L is estimated to be worth about $3.0M in total as of 27 August 2026, within a range of $2.5M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in XBC-CAROLINE 3L is a fraction of it. The estimate fits an Arps decline curve to the production XBC-CAROLINE 3L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for XBC-CAROLINE 3L is an estimate of value, not an offer and not an appraisal.
- How much income does XBC-CAROLINE 3L generate in a year?
- XBC-CAROLINE 3L is forecast to net about $848K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in XBC-CAROLINE 3L 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 | 20819 |
| Wellbores | 1 |
| Reported production | 388,192 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where XBC-CAROLINE 3L 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.