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 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 811,226 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 $3.3M, with roughly $774K 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 1,062 barrels a month, about 97 per wellbore. Its strongest month on the record we hold was August 2025, at 1,503 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 05202.
- Is PIERSON, WILLIAM ESTATE still producing?
- PIERSON, WILLIAM ESTATE is currently producing. 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 811,226 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is PIERSON, WILLIAM ESTATE worth?
- The remaining production from PIERSON, WILLIAM ESTATE is estimated to be worth about $3.3M in total as of 27 August 2026, within a range of $2.7M to $3.8M. 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 $774K 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 (Glorieta 6100) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 05202 |
| Wellbores | 11 |
| Reported production | 811,226 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.3M |
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.