PIERCE
PIERCE is a Texas oil lease in Leon County, Railroad Commission district 03, operated by Goldsmith, J. Paul. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 39,777 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 $111K, with roughly $21K 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 18 barrels a month. Its strongest month on the record we hold was January 2019, at 168 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
- Who operates PIERCE?
- PIERCE is operated by Goldsmith, J. Paul, Railroad Commission of Texas operator number 313850.
- Where is PIERCE?
- PIERCE is a Texas oil lease in Leon County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 19879.
- Is PIERCE still producing?
- PIERCE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PIERCE is August 2026.
- How much has PIERCE produced?
- PIERCE has reported 39,777 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PIERCE worth?
- The remaining production from PIERCE is estimated to be worth about $111K in total as of 26 August 2026, within a range of $61K to $161K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERCE is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE generate in a year?
- PIERCE is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIERCE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Goldsmith, J. Paul |
|---|---|
| Field | Halliday (Woodbine) |
| County | Leon County, Texas |
| RRC district | 03 |
| Lease number | 19879 |
| Wellbores | 1 |
| Reported production | 39,777 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $111K |
Where PIERCE 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.