PIERCE 14
PIERCE 14 is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by Smith Energy Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2017 to August 2026, totalling 49,587 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 $397K, with roughly $76K 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 83 barrels a month. Its strongest month on the record we hold was May 2017, at 2,620 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 14
- Who operates PIERCE 14?
- PIERCE 14 is operated by Smith Energy Operating Company, Railroad Commission of Texas operator number 790956.
- Where is PIERCE 14?
- PIERCE 14 is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70567.
- Is PIERCE 14 still producing?
- PIERCE 14 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIERCE 14 is August 2026.
- How much has PIERCE 14 produced?
- PIERCE 14 has reported 49,587 barrels of oil (bbl) to the Railroad Commission of Texas between April 2017 and August 2026, from 1 wellbore.
- How much is PIERCE 14 worth?
- The remaining production from PIERCE 14 is estimated to be worth about $397K in total as of 26 August 2026, within a range of $218K to $576K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE 14 is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE 14 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERCE 14 is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE 14 generate in a year?
- PIERCE 14 is forecast to net about $76K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIERCE 14 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Smith Energy Operating Company |
|---|---|
| Field | Cmi (Spraberry) |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 70567 |
| Wellbores | 1 |
| Reported production | 49,587 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $397K |
Where PIERCE 14 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.