PIERCE ESTATES
PIERCE ESTATES is a Texas oil lease in Wharton County, Railroad Commission district 03, operated by Texaco E & P Inc. It has 23 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 783,183 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 $2.7M, with roughly $598K 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 1,023 barrels a month, about 44 per wellbore. Its strongest month on the record we hold was July 2023, at 1,436 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 PIERCE ESTATES
- Who operates PIERCE ESTATES?
- PIERCE ESTATES is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is PIERCE ESTATES?
- PIERCE ESTATES is a Texas oil lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 06719.
- Is PIERCE ESTATES still producing?
- PIERCE ESTATES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIERCE ESTATES is August 2026.
- How much has PIERCE ESTATES produced?
- PIERCE ESTATES has reported 783,183 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 23 wellbores.
- How much is PIERCE ESTATES worth?
- The remaining production from PIERCE ESTATES is estimated to be worth about $2.7M in total as of 26 August 2026, within a range of $2.2M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE ESTATES is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE ESTATES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERCE ESTATES is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE ESTATES generate in a year?
- PIERCE ESTATES is forecast to net about $598K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIERCE ESTATES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Withers, North |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 06719 |
| Wellbores | 23 |
| Reported production | 783,183 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where PIERCE ESTATES 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.