PIERSON, WILLIAM ESTATE
PIERSON, WILLIAM ESTATE is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Cross Timbers Operating Company. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 180,137 barrels. The lease is intermittent. 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 $805K, with roughly $178K 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 234 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was April 2017, at 946 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 PIERSON, WILLIAM ESTATE
- Who operates PIERSON, WILLIAM ESTATE?
- PIERSON, WILLIAM ESTATE is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is PIERSON, WILLIAM ESTATE?
- PIERSON, WILLIAM ESTATE is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 05195.
- Is PIERSON, WILLIAM ESTATE still producing?
- PIERSON, WILLIAM ESTATE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PIERSON, WILLIAM ESTATE is August 2026.
- How much has PIERSON, WILLIAM ESTATE produced?
- PIERSON, WILLIAM ESTATE has reported 180,137 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is PIERSON, WILLIAM ESTATE worth?
- The remaining production from PIERSON, WILLIAM ESTATE is estimated to be worth about $805K in total as of 27 August 2026, within a range of $628K to $982K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERSON, WILLIAM ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production PIERSON, WILLIAM ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERSON, WILLIAM ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does PIERSON, WILLIAM ESTATE generate in a year?
- PIERSON, WILLIAM ESTATE is forecast to net about $178K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PIERSON, WILLIAM ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Russell, North (Devonian) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 05195 |
| Wellbores | 8 |
| Reported production | 180,137 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $805K |
Where PIERSON, WILLIAM 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.