PATRICIA UNIT
PATRICIA UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Hallwood Petroleum, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 132,657 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 $335K, with roughly $48K 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 21 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was May 2016, at 258 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 PATRICIA UNIT
- Who operates PATRICIA UNIT?
- PATRICIA UNIT is operated by Hallwood Petroleum, Inc., Railroad Commission of Texas operator number 347221.
- Where is PATRICIA UNIT?
- PATRICIA UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 15651.
- Is PATRICIA UNIT still producing?
- PATRICIA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATRICIA UNIT is August 2026.
- How much has PATRICIA UNIT produced?
- PATRICIA UNIT has reported 132,657 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is PATRICIA UNIT worth?
- The remaining production from PATRICIA UNIT is estimated to be worth about $335K in total as of 26 August 2026, within a range of $184K to $486K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATRICIA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PATRICIA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATRICIA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PATRICIA UNIT generate in a year?
- PATRICIA UNIT is forecast to net about $48K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATRICIA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hallwood Petroleum, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 15651 |
| Wellbores | 3 |
| Reported production | 132,657 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $335K |
Where PATRICIA UNIT 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.