PATTERSON UNIT
PATTERSON UNIT is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Oxy USA Inc. It has 2 wellbores on file with the Commission. Reported production runs from July 2015 to August 2026, totalling 590,959 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 $1.2M, with roughly $266K 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 524 barrels a month, about 262 per wellbore. Its strongest month on the record we hold was May 2016, at 16,019 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 PATTERSON UNIT
- Who operates PATTERSON UNIT?
- PATTERSON UNIT is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is PATTERSON UNIT?
- PATTERSON UNIT is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47570.
- Is PATTERSON UNIT still producing?
- PATTERSON UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATTERSON UNIT is August 2026.
- How much has PATTERSON UNIT produced?
- PATTERSON UNIT has reported 590,959 barrels of oil (bbl) to the Railroad Commission of Texas between July 2015 and August 2026, from 2 wellbores.
- How much is PATTERSON UNIT worth?
- The remaining production from PATTERSON UNIT is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $922K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATTERSON UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PATTERSON UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATTERSON UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PATTERSON UNIT generate in a year?
- PATTERSON UNIT is forecast to net about $266K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATTERSON UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 47570 |
| Wellbores | 2 |
| Reported production | 590,959 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where PATTERSON 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.