PIERCE RANCH N 4850 UNIT
PIERCE RANCH N 4850 UNIT is a Texas oil lease in Wharton County, Railroad Commission district 03, operated by Mcgowan Working Partners, Inc. It has 7 wellbores on file with the Commission. Reported production runs from May 2003 to August 2026, totalling 245,563 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 $1.1M, with roughly $245K 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 359 barrels a month, about 51 per wellbore. Its strongest month on the record we hold was June 2016, at 1,236 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 RANCH N 4850 UNIT
- Who operates PIERCE RANCH N 4850 UNIT?
- PIERCE RANCH N 4850 UNIT is operated by Mcgowan Working Partners, Inc., Railroad Commission of Texas operator number 549836.
- Where is PIERCE RANCH N 4850 UNIT?
- PIERCE RANCH N 4850 UNIT is a Texas oil lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24337.
- Is PIERCE RANCH N 4850 UNIT still producing?
- PIERCE RANCH N 4850 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIERCE RANCH N 4850 UNIT is August 2026.
- How much has PIERCE RANCH N 4850 UNIT produced?
- PIERCE RANCH N 4850 UNIT has reported 245,563 barrels of oil (bbl) to the Railroad Commission of Texas between May 2003 and August 2026, from 7 wellbores.
- How much is PIERCE RANCH N 4850 UNIT worth?
- The remaining production from PIERCE RANCH N 4850 UNIT is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $857K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIERCE RANCH N 4850 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PIERCE RANCH N 4850 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIERCE RANCH N 4850 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PIERCE RANCH N 4850 UNIT generate in a year?
- PIERCE RANCH N 4850 UNIT is forecast to net about $245K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PIERCE RANCH N 4850 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcgowan Working Partners, Inc. |
|---|---|
| Field | Pierce Ranch (4850) |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 24337 |
| Wellbores | 7 |
| Reported production | 245,563 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where PIERCE RANCH N 4850 UNIT 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.