PIERCE
PIERCE is a Texas oil lease in Medina County, Railroad Commission district 01, operated by 338 Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 2,340 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 $80K, with roughly $15K 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 13 barrels a month. Its strongest month on the record we hold was January 2026, at 50 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 338 Oil & Gas, Inc., Railroad Commission of Texas operator number 396050.
- Where is PIERCE?
- PIERCE is a Texas oil lease in Medina County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 17181.
- Is PIERCE still producing?
- PIERCE is currently producing. 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 2,340 barrels of oil (bbl) to the Railroad Commission of Texas between July 2012 and August 2026, from 1 wellbore.
- How much is PIERCE worth?
- The remaining production from PIERCE is estimated to be worth about $80K in total as of 26 August 2026, within a range of $44K to $116K. 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 $15K 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 | 338 Oil & Gas, Inc. |
|---|---|
| Field | Fairfield |
| County | Medina County, Texas |
| RRC district | 01 |
| Lease number | 17181 |
| Wellbores | 1 |
| Reported production | 2,340 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $80K |
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.