PIER 22-23 UNIT 2
PIER 22-23 UNIT 2 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 14 wellbores on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 1,333,216 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 $6.9M, with roughly $1.5M 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 22,626 barrels a month, about 1,616 per wellbore. Its strongest month on the record we hold was April 2026, at 251,060 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PIER 22-23 UNIT 2
- Who operates PIER 22-23 UNIT 2?
- PIER 22-23 UNIT 2 is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is PIER 22-23 UNIT 2?
- PIER 22-23 UNIT 2 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51415.
- Is PIER 22-23 UNIT 2 still producing?
- PIER 22-23 UNIT 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIER 22-23 UNIT 2 is August 2026.
- How much has PIER 22-23 UNIT 2 produced?
- PIER 22-23 UNIT 2 has reported 1,333,216 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 14 wellbores.
- How much is PIER 22-23 UNIT 2 worth?
- The remaining production from PIER 22-23 UNIT 2 is estimated to be worth about $6.9M in total as of 27 August 2026, within a range of $5.7M to $8.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIER 22-23 UNIT 2 is a fraction of it. The estimate fits an Arps decline curve to the production PIER 22-23 UNIT 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIER 22-23 UNIT 2 is an estimate of value, not an offer and not an appraisal.
- How much income does PIER 22-23 UNIT 2 generate in a year?
- PIER 22-23 UNIT 2 is forecast to net about $1.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PIER 22-23 UNIT 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Energy Resources L.P. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 51415 |
| Wellbores | 14 |
| Reported production | 1,333,216 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.9M |
Where PIER 22-23 UNIT 2 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.