PAT
PAT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Lama Energy, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 57,072 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 $162K, with roughly $31K 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 41 barrels a month. Its strongest month on the record we hold was April 2017, at 225 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 PAT
- Who operates PAT?
- PAT is operated by Lama Energy, L.L.C., Railroad Commission of Texas operator number 483894.
- Where is PAT?
- PAT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25210.
- Is PAT still producing?
- PAT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAT is August 2026.
- How much has PAT produced?
- PAT has reported 57,072 barrels of oil (bbl) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is PAT worth?
- The remaining production from PAT is estimated to be worth about $162K in total as of 26 August 2026, within a range of $89K to $235K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAT is a fraction of it. The estimate fits an Arps decline curve to the production PAT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAT is an estimate of value, not an offer and not an appraisal.
- How much income does PAT generate in a year?
- PAT is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lama Energy, L.L.C. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 25210 |
| Wellbores | 1 |
| Reported production | 57,072 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $162K |
Where PAT 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.