PIERCE ESTATES B
PIERCE ESTATES B is a Texas oil lease in Wharton County, Railroad Commission district 03, operated by Apache Corporation. It has 8 wellbores on file with the Commission. Reported production runs from March 2003 to August 2026, totalling 983,517 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 $844K, with roughly $295K 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 524 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was July 2016, at 3,803 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 PIERCE ESTATES B
- Who operates PIERCE ESTATES B?
- PIERCE ESTATES B is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is PIERCE ESTATES B?
- PIERCE ESTATES B is a Texas oil lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24339.
- Is PIERCE ESTATES B still producing?
- PIERCE ESTATES B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIERCE ESTATES B is August 2026.
- How much has PIERCE ESTATES B produced?
- PIERCE ESTATES B has reported 983,517 barrels of oil (bbl) to the Railroad Commission of Texas between March 2003 and August 2026, from 8 wellbores.
- How much is PIERCE ESTATES B worth?
- The remaining production from PIERCE ESTATES B is estimated to be worth about $844K in total as of 26 August 2026, within a range of $658K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE ESTATES B is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE ESTATES B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERCE ESTATES B is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE ESTATES B generate in a year?
- PIERCE ESTATES B is forecast to net about $295K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIERCE ESTATES B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Magnet Withers (F-13-A) |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 24339 |
| Wellbores | 8 |
| Reported production | 983,517 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $844K |
Where PIERCE ESTATES B 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.