CORNERSVILLE/PITTSBURG SAND/UNIT
CORNERSVILLE/PITTSBURG SAND/UNIT is a Texas oil lease in Franklin County, Railroad Commission district 06, operated by Westland Oil Development Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 54,197 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 $177K, with roughly $34K 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 43 barrels a month, about 21 per wellbore. Its strongest month on the record we hold was October 2018, at 277 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 CORNERSVILLE/PITTSBURG SAND/UNIT
- Who operates CORNERSVILLE/PITTSBURG SAND/UNIT?
- CORNERSVILLE/PITTSBURG SAND/UNIT is operated by Westland Oil Development Corp., Railroad Commission of Texas operator number 912950.
- Where is CORNERSVILLE/PITTSBURG SAND/UNIT?
- CORNERSVILLE/PITTSBURG SAND/UNIT is a Texas oil lease in Franklin County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 04103.
- Is CORNERSVILLE/PITTSBURG SAND/UNIT still producing?
- CORNERSVILLE/PITTSBURG SAND/UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORNERSVILLE/PITTSBURG SAND/UNIT is August 2026.
- How much has CORNERSVILLE/PITTSBURG SAND/UNIT produced?
- CORNERSVILLE/PITTSBURG SAND/UNIT has reported 54,197 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is CORNERSVILLE/PITTSBURG SAND/UNIT worth?
- The remaining production from CORNERSVILLE/PITTSBURG SAND/UNIT is estimated to be worth about $177K in total as of 27 August 2026, within a range of $97K to $257K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORNERSVILLE/PITTSBURG SAND/UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CORNERSVILLE/PITTSBURG SAND/UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORNERSVILLE/PITTSBURG SAND/UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CORNERSVILLE/PITTSBURG SAND/UNIT generate in a year?
- CORNERSVILLE/PITTSBURG SAND/UNIT is forecast to net about $34K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CORNERSVILLE/PITTSBURG SAND/UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Westland Oil Development Corp. |
|---|---|
| Field | Cornersville (Pittsburg SD) |
| County | Franklin County, Texas |
| RRC district | 06 |
| Lease number | 04103 |
| Wellbores | 2 |
| Reported production | 54,197 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $177K |
Where CORNERSVILLE/PITTSBURG SAND/UNIT 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.