PATRANELLA #1
PATRANELLA #1 is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by United Oil & Minerals, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1994 to August 2026, totalling 81,107 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 $118K, with roughly $23K 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 26 barrels a month. Its strongest month on the record we hold was May 2018, at 217 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PATRANELLA #1
- Who operates PATRANELLA #1?
- PATRANELLA #1 is operated by United Oil & Minerals, Inc., Railroad Commission of Texas operator number 877350.
- Where is PATRANELLA #1?
- PATRANELLA #1 is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22389.
- Is PATRANELLA #1 still producing?
- PATRANELLA #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATRANELLA #1 is August 2026.
- How much has PATRANELLA #1 produced?
- PATRANELLA #1 has reported 81,107 barrels of oil (bbl) to the Railroad Commission of Texas between April 1994 and August 2026, from 1 wellbore.
- How much is PATRANELLA #1 worth?
- The remaining production from PATRANELLA #1 is estimated to be worth about $118K in total as of 27 August 2026, within a range of $65K to $170K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATRANELLA #1 is a fraction of it. The estimate fits an Arps decline curve to the production PATRANELLA #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATRANELLA #1 is an estimate of value, not an offer and not an appraisal.
- How much income does PATRANELLA #1 generate in a year?
- PATRANELLA #1 is forecast to net about $23K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PATRANELLA #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | United Oil & Minerals, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 22389 |
| Wellbores | 1 |
| Reported production | 81,107 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $118K |
Where PATRANELLA #1 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.