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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 19879

Producing

PIERCE

Pierce is an oil lease in Leon County, Texas, operated by Goldsmith Operating, LLC in the Halliday (Woodbine) field. The Railroad Commission shows 271 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 1 well

271bbl oil, last 12 months−32% vs prior year
Operator
Goldsmith Operating, LLC
County
Leon County
Field
Halliday (Woodbine)
RRC lease
03-19879

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Where it sits

This county

Leon CountyLeonLimestoneMadisonAndersonHoustonRobertsonFreestoneLeon County
Leon County · RRC district 03Open Leon County →
Gas, last 12 months
137 mcf
Oil in Jun 2026
15 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 32% over the last 12 months

271 bbl in the 12 months through Jul 2026, against 398 bbl in the 12 months before. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for PIERCE, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 271 bbl in the 12 months through Jul 2026, against 398 bbl in the 12 months before.Last 12 months: 271 bblbbl per monthmcf per month00201040206030804010050Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for PIERCE, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 271 bbl in the 12 months through Jul 2026, against 398 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00201040206030804010050Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 19879, district 03. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of PIERCE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of PIERCE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 19879, district 03. Reported through Jul 2026.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 100.0% of the gas was flared. 22 months went above 3%, which we mark in the ledger below.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Goldsmith Operating, LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeGoldsmith Operating, LLC, Jan 2020 to Jun 20262020202120222023202420252026Goldsmith Operating, LLCJan 2020 to nowthrough Jul 2026
Operators of this lease over timeGoldsmith Operating, LLC, Jan 2020 to Jun 20262020202120222023202420252026Goldsmith Operating, LLCJan 2020 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 19879 in district 03. The API number is the state’s ID for a well.
Wells on PIERCE
API numberWell no.Status
42-289-309231Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 19879.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Energy Trans Crude Marketing LLC gathers it.

    100% of it, on the list since Mar 23, 2022

Companies that used to be listed: Enterprise Crude Oil LLC (gathers it, until Mar 23, 2022).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

160 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
0
First completion
Oct 1, 1987
Latest permit
Jul 30, 1987

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Wells and acres on the permits for Pierce
API numberWell no.Acreson the permit
42-289-309231160

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says PIERCE sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for PIERCE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Goldsmith Operating,150808$84.81$3.15
May 2026Goldsmith Operating,6217831031$102.13$2.94
Apr 2026Goldsmith Operating,65033033$100.32$2.77
Mar 2026Goldsmith Operating,180909$91.38$3.04
Feb 2026Goldsmith Operating,00000$64.51$3.62
Jan 2026Goldsmith Operating,00000$60.04$7.72
Dec 2025Goldsmith Operating,20101$57.97$4.26
Nov 2025Goldsmith Operating,6317832032$60.06$3.79
Oct 2025Goldsmith Operating,46023023$60.89$3.19
Sep 2025Goldsmith Operating,00000$63.96$2.97
Aug 2025Goldsmith Operating,00000$64.86$2.91
Jul 2025Goldsmith Operating,00000$68.39$3.20
Jun 2025Goldsmith Operating,00000$68.17$3.02
May 2025Goldsmith Operating,27014014$62.17$3.12
Apr 2025Goldsmith Operating,55028028$63.54$3.42
Mar 2025Goldsmith Operating,18188909$68.24$4.12
Feb 2025Goldsmith Operating,65033033$71.53$4.19
Jan 2025Goldsmith Operating,00000$75.74$4.13
Dec 2024Goldsmith Operating,00000$70.12$3.01
Nov 2024Goldsmith Operating,80404$69.95$2.12
Oct 2024Goldsmith Operating,70035035$71.99$2.20
Sep 2024Goldsmith Operating,7318337037$70.24$2.28
Aug 2024Goldsmith Operating,82041041$76.68$1.99
Jul 2024Goldsmith Operating,180909$81.80$2.07
Jun 2024Goldsmith Operating,00000$79.77$2.54
May 2024Goldsmith Operating,00000$80.02$2.12
Apr 2024Goldsmith Operating,00000$85.35$1.60
Mar 2024Goldsmith Operating,100505$81.28$1.49
Feb 2024Goldsmith Operating,5719529029$77.25$1.72
Jan 2024Goldsmith Operating,70035035$74.15$3.18
Dec 2023Goldsmith Operating,62031031$71.90$2.52
Nov 2023Goldsmith Operating,58029029$77.69$2.71
Oct 2023Goldsmith Operating,00000$85.64$2.98
Sep 2023Goldsmith Operating,00000$89.43$2.64
Aug 2023Goldsmith Operating,47024024$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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This lease belongs to

OperatorGoldsmith Operating, LLCFieldHalliday (Woodbine)CountyLeon County

Goldsmith Operating, LLC in Leon County

No other producing leases from this operator in this county are in our data yet.

Halliday (Woodbine) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • ROBESON

    1,026 bbl last 12 months · 0.4 km away

  • LANE

    135 bbl last 12 months · 0.7 km away

  • TOWNSELL A

    3,418 bbl last 12 months · 0.8 km away

  • ROCHAMP B

    4,756 bbl last 12 months · 1.2 km away

  • CLAYTON

    2,950 bbl last 12 months · 1.2 km away

New drilling permits in Leon County

We do not have coordinates for this lease, so these are the newest permits in its county.

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jun 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 19879, district 03, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.