GASKINS
GASKINS is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 15 wellbores on file with the Commission. Reported production runs from July 2008 to August 2026, totalling 655,673 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 $2.0M, with roughly $903K 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 1,607 barrels a month, about 107 per wellbore. Its strongest month on the record we hold was June 2019, at 5,141 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GASKINS
- Who operates GASKINS?
- GASKINS is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is GASKINS?
- GASKINS is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38976.
- Is GASKINS still producing?
- GASKINS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GASKINS is August 2026.
- How much has GASKINS produced?
- GASKINS has reported 655,673 barrels of oil (bbl) to the Railroad Commission of Texas between July 2008 and August 2026, from 15 wellbores.
- How much is GASKINS worth?
- The remaining production from GASKINS is estimated to be worth about $2.0M in total as of 27 August 2026, within a range of $1.6M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GASKINS is a fraction of it. The estimate fits an Arps decline curve to the production GASKINS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GASKINS is an estimate of value, not an offer and not an appraisal.
- How much income does GASKINS generate in a year?
- GASKINS is forecast to net about $903K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GASKINS 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 | 38976 |
| Wellbores | 15 |
| Reported production | 655,673 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where GASKINS 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.