PIERCE ESTATES
PIERCE ESTATES is a Texas gas lease in Wharton County, Railroad Commission district 03, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 74,706 thousand cubic feet. 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 $64K, 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 905 thousand cubic feet a month. Its strongest month on the record we hold was November 2022, at 2,845 thousand cubic feet. 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
- Who operates PIERCE ESTATES?
- PIERCE ESTATES is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is PIERCE ESTATES?
- PIERCE ESTATES is a Texas gas lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 282349.
- Is PIERCE ESTATES still producing?
- PIERCE ESTATES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIERCE ESTATES is August 2026.
- How much has PIERCE ESTATES produced?
- PIERCE ESTATES has reported 74,706 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is PIERCE ESTATES worth?
- The remaining production from PIERCE ESTATES is estimated to be worth about $64K in total as of 26 August 2026, within a range of $50K to $78K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE ESTATES is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE ESTATES 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 is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE ESTATES generate in a year?
- PIERCE ESTATES 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 ESTATES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Magnet Withers (F-12) |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 282349 |
| Wellbores | 1 |
| Reported production | 74,706 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $64K |
Where PIERCE ESTATES 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.