LPB
LPB is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Patterson Petroleum LP. It has 1 wellbore on file with the Commission. Reported production runs from March 2001 to August 2026, totalling 42,110 barrels. The lease is intermittent. 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 $160K, with roughly $26K 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 25 barrels a month. Its strongest month on the record we hold was March 2019, at 131 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 LPB
- Who operates LPB?
- LPB is operated by Patterson Petroleum LP, Railroad Commission of Texas operator number 643435.
- Where is LPB?
- LPB is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23983.
- Is LPB still producing?
- LPB is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LPB is August 2026.
- How much has LPB produced?
- LPB has reported 42,110 barrels of oil (bbl) to the Railroad Commission of Texas between March 2001 and August 2026, from 1 wellbore.
- How much is LPB worth?
- The remaining production from LPB is estimated to be worth about $160K in total as of 26 August 2026, within a range of $88K to $232K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LPB is a fraction of it. The estimate fits an Arps decline curve to the production LPB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LPB is an estimate of value, not an offer and not an appraisal.
- How much income does LPB generate in a year?
- LPB is forecast to net about $26K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LPB receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patterson Petroleum LP |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 23983 |
| Wellbores | 1 |
| Reported production | 42,110 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $160K |
Where LPB 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.