PATEL
PATEL is a Texas oil lease in Callahan County, Railroad Commission district 7B, operated by TSW Oil & Gas, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2012 to August 2026, totalling 18,213 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 $183K, with roughly $35K 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 48 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was September 2016, at 221 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 PATEL
- Who operates PATEL?
- PATEL is operated by TSW Oil & Gas, LLC, Railroad Commission of Texas operator number 872235.
- Where is PATEL?
- PATEL is a Texas oil lease in Callahan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31030.
- Is PATEL still producing?
- PATEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATEL is August 2026.
- How much has PATEL produced?
- PATEL has reported 18,213 barrels of oil (bbl) to the Railroad Commission of Texas between April 2012 and August 2026, from 2 wellbores.
- How much is PATEL worth?
- The remaining production from PATEL is estimated to be worth about $183K in total as of 26 August 2026, within a range of $101K to $265K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATEL is a fraction of it. The estimate fits an Arps decline curve to the production PATEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATEL is an estimate of value, not an offer and not an appraisal.
- How much income does PATEL generate in a year?
- PATEL is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | TSW Oil & Gas, LLC |
|---|---|
| Field | Morrisett |
| County | Callahan County, Texas |
| RRC district | 7B |
| Lease number | 31030 |
| Wellbores | 2 |
| Reported production | 18,213 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $183K |
Where PATEL 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.