CLEAR CREEK
CLEAR CREEK is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 8 wellbores on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 375,262 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 $1.6M, with roughly $353K 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 514 barrels a month, about 64 per wellbore. Its strongest month on the record we hold was March 2018, at 4,380 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 CLEAR CREEK
- Who operates CLEAR CREEK?
- CLEAR CREEK is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is CLEAR CREEK?
- CLEAR CREEK is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38963.
- Is CLEAR CREEK still producing?
- CLEAR CREEK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLEAR CREEK is August 2026.
- How much has CLEAR CREEK produced?
- CLEAR CREEK has reported 375,262 barrels of oil (bbl) to the Railroad Commission of Texas between August 2008 and August 2026, from 8 wellbores.
- How much is CLEAR CREEK worth?
- The remaining production from CLEAR CREEK is estimated to be worth about $1.6M in total as of 27 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEAR CREEK is a fraction of it. The estimate fits an Arps decline curve to the production CLEAR CREEK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEAR CREEK is an estimate of value, not an offer and not an appraisal.
- How much income does CLEAR CREEK generate in a year?
- CLEAR CREEK is forecast to net about $353K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CLEAR CREEK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 38963 |
| Wellbores | 8 |
| Reported production | 375,262 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where CLEAR CREEK 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.