VARNER-PIERCY
VARNER-PIERCY is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Abraxas Production Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 47,482 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 $276K, with roughly $53K 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 72 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was December 2018, at 99 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 VARNER-PIERCY
- Who operates VARNER-PIERCY?
- VARNER-PIERCY is operated by Abraxas Production Corporation, Railroad Commission of Texas operator number 003140.
- Where is VARNER-PIERCY?
- VARNER-PIERCY is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 29065.
- Is VARNER-PIERCY still producing?
- VARNER-PIERCY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VARNER-PIERCY is August 2026.
- How much has VARNER-PIERCY produced?
- VARNER-PIERCY has reported 47,482 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is VARNER-PIERCY worth?
- The remaining production from VARNER-PIERCY is estimated to be worth about $276K in total as of 27 August 2026, within a range of $152K to $401K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VARNER-PIERCY is a fraction of it. The estimate fits an Arps decline curve to the production VARNER-PIERCY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VARNER-PIERCY is an estimate of value, not an offer and not an appraisal.
- How much income does VARNER-PIERCY generate in a year?
- VARNER-PIERCY is forecast to net about $53K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VARNER-PIERCY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Production Corporation |
|---|---|
| Field | Westbrook, East (Clear Fork) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 29065 |
| Wellbores | 2 |
| Reported production | 47,482 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $276K |
Where VARNER-PIERCY 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.