PATRIOT STATE RSJ 68
PATRIOT STATE RSJ 68 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 2 wellbores on file with the Commission. Reported production runs from October 2019 to August 2026, totalling 828,384 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 $16.1M, with roughly $3.9M 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 4,656 barrels a month, about 2,328 per wellbore. Its strongest month on the record we hold was February 2020, at 73,892 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 PATRIOT STATE RSJ 68
- Who operates PATRIOT STATE RSJ 68?
- PATRIOT STATE RSJ 68 is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is PATRIOT STATE RSJ 68?
- PATRIOT STATE RSJ 68 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53922.
- Is PATRIOT STATE RSJ 68 still producing?
- PATRIOT STATE RSJ 68 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATRIOT STATE RSJ 68 is August 2026.
- How much has PATRIOT STATE RSJ 68 produced?
- PATRIOT STATE RSJ 68 has reported 828,384 barrels of oil (bbl) to the Railroad Commission of Texas between October 2019 and August 2026, from 2 wellbores.
- How much is PATRIOT STATE RSJ 68 worth?
- The remaining production from PATRIOT STATE RSJ 68 is estimated to be worth about $16.1M in total as of 26 August 2026, within a range of $13.4M to $18.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATRIOT STATE RSJ 68 is a fraction of it. The estimate fits an Arps decline curve to the production PATRIOT STATE RSJ 68 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATRIOT STATE RSJ 68 is an estimate of value, not an offer and not an appraisal.
- How much income does PATRIOT STATE RSJ 68 generate in a year?
- PATRIOT STATE RSJ 68 is forecast to net about $3.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATRIOT STATE RSJ 68 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 53922 |
| Wellbores | 2 |
| Reported production | 828,384 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16.1M |
Where PATRIOT STATE RSJ 68 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.