NEAL, GLAYDENE
NEAL, GLAYDENE is a Texas oil lease in Freestone County, Railroad Commission district 05, operated by Patara Oil & Gas LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 3,310 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 $77K, with roughly $14K 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 17 barrels a month. Its strongest month on the record we hold was October 2024, at 181 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 NEAL, GLAYDENE
- Who operates NEAL, GLAYDENE?
- NEAL, GLAYDENE is operated by Patara Oil & Gas LLC, Railroad Commission of Texas operator number 643251.
- Where is NEAL, GLAYDENE?
- NEAL, GLAYDENE is a Texas oil lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03946.
- Is NEAL, GLAYDENE still producing?
- NEAL, GLAYDENE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NEAL, GLAYDENE is August 2026.
- How much has NEAL, GLAYDENE produced?
- NEAL, GLAYDENE has reported 3,310 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 1 wellbore.
- How much is NEAL, GLAYDENE worth?
- The remaining production from NEAL, GLAYDENE is estimated to be worth about $77K in total as of 26 August 2026, within a range of $42K to $111K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL, GLAYDENE is a fraction of it. The estimate fits an Arps decline curve to the production NEAL, GLAYDENE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL, GLAYDENE is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL, GLAYDENE generate in a year?
- NEAL, GLAYDENE is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL, GLAYDENE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patara Oil & Gas LLC |
|---|---|
| Field | Stewards Mill, Ne. (Rodessa) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 03946 |
| Wellbores | 1 |
| Reported production | 3,310 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $77K |
Where NEAL, GLAYDENE 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.