ELMORE WATSON ESTATE
ELMORE WATSON ESTATE is a Texas gas lease in Leon County, Railroad Commission district 05, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2003 to August 2026, totalling 298,868 thousand cubic feet. 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 $12K, with roughly $2K 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 45 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 1,529 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 ELMORE WATSON ESTATE
- Who operates ELMORE WATSON ESTATE?
- ELMORE WATSON ESTATE is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is ELMORE WATSON ESTATE?
- ELMORE WATSON ESTATE is a Texas gas lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 195959.
- Is ELMORE WATSON ESTATE still producing?
- ELMORE WATSON ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELMORE WATSON ESTATE is August 2026.
- How much has ELMORE WATSON ESTATE produced?
- ELMORE WATSON ESTATE has reported 298,868 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2003 and August 2026, from 1 wellbore.
- How much is ELMORE WATSON ESTATE worth?
- The remaining production from ELMORE WATSON ESTATE is estimated to be worth about $12K in total as of 27 August 2026, within a range of $7K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELMORE WATSON ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production ELMORE WATSON ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELMORE WATSON ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does ELMORE WATSON ESTATE generate in a year?
- ELMORE WATSON ESTATE is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELMORE WATSON ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Bear Grass (Pettit) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 195959 |
| Wellbores | 1 |
| Reported production | 298,868 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $12K |
Where ELMORE WATSON ESTATE 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.