PATSY
PATSY is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Granite Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2008 to August 2026, totalling 473,951 thousand cubic feet. 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 $8K, with roughly $1K 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 31 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 1,166 thousand cubic feet. 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 PATSY
- Who operates PATSY?
- PATSY is operated by Granite Operating Company, Railroad Commission of Texas operator number 325070.
- Where is PATSY?
- PATSY is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 241223.
- Is PATSY still producing?
- PATSY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATSY is August 2026.
- How much has PATSY produced?
- PATSY has reported 473,951 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2008 and August 2026, from 1 wellbore.
- How much is PATSY worth?
- The remaining production from PATSY is estimated to be worth about $8K in total as of 26 August 2026, within a range of $5K to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATSY is a fraction of it. The estimate fits an Arps decline curve to the production PATSY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATSY is an estimate of value, not an offer and not an appraisal.
- How much income does PATSY generate in a year?
- PATSY is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATSY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Granite Operating Company |
|---|---|
| Field | Buffalo Wallow (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 241223 |
| Wellbores | 1 |
| Reported production | 473,951 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where PATSY 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.