PATE UNIT
PATE UNIT is a Texas oil lease in Brazos County, Railroad Commission district 03, operated by B.W.O.C., Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2001 to August 2026, totalling 69,276 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 $581K, with roughly $102K 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 101 barrels a month. Its strongest month on the record we hold was December 2018, at 345 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 PATE UNIT
- Who operates PATE UNIT?
- PATE UNIT is operated by B.W.O.C., Inc., Railroad Commission of Texas operator number 041864.
- Where is PATE UNIT?
- PATE UNIT is a Texas oil lease in Brazos County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24273.
- Is PATE UNIT still producing?
- PATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATE UNIT is August 2026.
- How much has PATE UNIT produced?
- PATE UNIT has reported 69,276 barrels of oil (bbl) to the Railroad Commission of Texas between September 2001 and August 2026, from 1 wellbore.
- How much is PATE UNIT worth?
- The remaining production from PATE UNIT is estimated to be worth about $581K in total as of 26 August 2026, within a range of $453K to $709K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PATE UNIT generate in a year?
- PATE UNIT is forecast to net about $102K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | B.W.O.C., Inc. |
|---|---|
| Field | Giddings (Buda) |
| County | Brazos County, Texas |
| RRC district | 03 |
| Lease number | 24273 |
| Wellbores | 1 |
| Reported production | 69,276 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $581K |
Where PATE 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.