KNOTTS-YEAGER UNIT
KNOTTS-YEAGER UNIT is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by Patterson Petroleum LP. It has 1 wellbore on file with the Commission. Reported production runs from June 2004 to August 2026, totalling 297,557 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 $1.0M, with roughly $189K 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 190 barrels a month. Its strongest month on the record we hold was April 2017, at 570 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 KNOTTS-YEAGER UNIT
- Who operates KNOTTS-YEAGER UNIT?
- KNOTTS-YEAGER UNIT is operated by Patterson Petroleum LP, Railroad Commission of Texas operator number 643435.
- Where is KNOTTS-YEAGER UNIT?
- KNOTTS-YEAGER UNIT is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24560.
- Is KNOTTS-YEAGER UNIT still producing?
- KNOTTS-YEAGER UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KNOTTS-YEAGER UNIT is August 2026.
- How much has KNOTTS-YEAGER UNIT produced?
- KNOTTS-YEAGER UNIT has reported 297,557 barrels of oil (bbl) to the Railroad Commission of Texas between June 2004 and August 2026, from 1 wellbore.
- How much is KNOTTS-YEAGER UNIT worth?
- The remaining production from KNOTTS-YEAGER UNIT is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $815K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KNOTTS-YEAGER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KNOTTS-YEAGER UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KNOTTS-YEAGER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KNOTTS-YEAGER UNIT generate in a year?
- KNOTTS-YEAGER UNIT is forecast to net about $189K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KNOTTS-YEAGER UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patterson Petroleum LP |
|---|---|
| Field | Iola (Georgetown) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 24560 |
| Wellbores | 1 |
| Reported production | 297,557 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where KNOTTS-YEAGER 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.