PIERCE GULF
PIERCE GULF is a Texas gas lease in Crockett County, Railroad Commission district 7C, operated by Toc Energy Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2025 to August 2026, totalling 11 thousand cubic feet. 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 $33, with roughly $4 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 2 thousand cubic feet a month. Its strongest month on the record we hold was October 2025, at 10 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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 GULF
- Who operates PIERCE GULF?
- PIERCE GULF is operated by Toc Energy Resources, LLC, Railroad Commission of Texas operator number 860965.
- Where is PIERCE GULF?
- PIERCE GULF is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 301376.
- Is PIERCE GULF still producing?
- PIERCE GULF is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PIERCE GULF is August 2026.
- How much has PIERCE GULF produced?
- PIERCE GULF has reported 11 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2025 and August 2026, from 1 wellbore.
- How much is PIERCE GULF worth?
- The remaining production from PIERCE GULF is estimated to be worth about $33 in total as of 27 August 2026, within a range of $0 to $66. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE GULF is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE GULF has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERCE GULF is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE GULF generate in a year?
- PIERCE GULF is forecast to net about $4 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PIERCE GULF receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Toc Energy Resources, LLC |
|---|---|
| Field | V. I. P. (Clear Fork Middle) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 301376 |
| Wellbores | 1 |
| Reported production | 11 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $33 |
Where PIERCE GULF 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.