JOHN UNIT WATERFLOOD
JOHN UNIT WATERFLOOD is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Patterson Petroleum, Inc. It has 27 wellbores on file with the Commission. Reported production runs from September 1999 to August 2026, totalling 6,153,798 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 $12.4M, with roughly $3.2M 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 4,831 barrels a month, about 179 per wellbore. Its strongest month on the record we hold was December 2016, at 12,039 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 JOHN UNIT WATERFLOOD
- Who operates JOHN UNIT WATERFLOOD?
- JOHN UNIT WATERFLOOD is operated by Patterson Petroleum, Inc., Railroad Commission of Texas operator number 643392.
- Where is JOHN UNIT WATERFLOOD?
- JOHN UNIT WATERFLOOD is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68117.
- Is JOHN UNIT WATERFLOOD still producing?
- JOHN UNIT WATERFLOOD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHN UNIT WATERFLOOD is August 2026.
- How much has JOHN UNIT WATERFLOOD produced?
- JOHN UNIT WATERFLOOD has reported 6,153,798 barrels of oil (bbl) to the Railroad Commission of Texas between September 1999 and August 2026, from 27 wellbores.
- How much is JOHN UNIT WATERFLOOD worth?
- The remaining production from JOHN UNIT WATERFLOOD is estimated to be worth about $12.4M in total as of 27 August 2026, within a range of $10.3M to $14.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHN UNIT WATERFLOOD is a fraction of it. The estimate fits an Arps decline curve to the production JOHN UNIT WATERFLOOD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHN UNIT WATERFLOOD is an estimate of value, not an offer and not an appraisal.
- How much income does JOHN UNIT WATERFLOOD generate in a year?
- JOHN UNIT WATERFLOOD is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOHN UNIT WATERFLOOD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patterson Petroleum, Inc. |
|---|---|
| Field | Happy (Spraberry Lime) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 68117 |
| Wellbores | 27 |
| Reported production | 6,153,798 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.4M |
Where JOHN UNIT WATERFLOOD 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.