PIERCE ESTATE
PIERCE ESTATE is a Texas oil lease in Wharton County, Railroad Commission district 03, operated by Ken Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 15,758 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 $384K, with roughly $74K 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 96 barrels a month. Its strongest month on the record we hold was June 2017, at 946 barrels. 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 PIERCE ESTATE
- Who operates PIERCE ESTATE?
- PIERCE ESTATE is operated by Ken Petroleum Corporation, Railroad Commission of Texas operator number 455775.
- Where is PIERCE ESTATE?
- PIERCE ESTATE is a Texas oil lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27307.
- Is PIERCE ESTATE still producing?
- PIERCE ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIERCE ESTATE is August 2026.
- How much has PIERCE ESTATE produced?
- PIERCE ESTATE has reported 15,758 barrels of oil (bbl) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is PIERCE ESTATE worth?
- The remaining production from PIERCE ESTATE is estimated to be worth about $384K in total as of 26 August 2026, within a range of $211K to $557K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERCE ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE ESTATE generate in a year?
- PIERCE ESTATE is forecast to net about $74K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIERCE ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ken Petroleum Corporation |
|---|---|
| Field | Hutchins, SW. (5880) |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 27307 |
| Wellbores | 1 |
| Reported production | 15,758 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $384K |
Where PIERCE 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.