PIER "24"
PIER "24" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 4 wellbores on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 214,508 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 $265K, with roughly $123K 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 215 barrels a month, about 54 per wellbore. Its strongest month on the record we hold was December 2016, at 1,079 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 "24"
- Who operates PIER "24"?
- PIER "24" is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is PIER "24"?
- PIER "24" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38405.
- Is PIER "24" still producing?
- PIER "24" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIER "24" is August 2026.
- How much has PIER "24" produced?
- PIER "24" has reported 214,508 barrels of oil (bbl) to the Railroad Commission of Texas between September 2007 and August 2026, from 4 wellbores.
- How much is PIER "24" worth?
- The remaining production from PIER "24" is estimated to be worth about $265K in total as of 27 August 2026, within a range of $207K to $324K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIER "24" is a fraction of it. The estimate fits an Arps decline curve to the production PIER "24" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIER "24" is an estimate of value, not an offer and not an appraisal.
- How much income does PIER "24" generate in a year?
- PIER "24" is forecast to net about $123K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PIER "24" 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 | 38405 |
| Wellbores | 4 |
| Reported production | 214,508 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $265K |
Where PIER "24" 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.