PATRICK
PATRICK is a Texas oil lease in Leon County, Railroad Commission district 03, operated by Proven Natural Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2024 to August 2026, totalling 92 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 $30K, with roughly $6K 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 6 barrels a month. Its strongest month on the record we hold was January 2026, at 31 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 PATRICK
- Who operates PATRICK?
- PATRICK is operated by Proven Natural Resources LLC, Railroad Commission of Texas operator number 101027.
- Where is PATRICK?
- PATRICK is a Texas oil lease in Leon County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28156.
- Is PATRICK still producing?
- PATRICK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATRICK is August 2026.
- How much has PATRICK produced?
- PATRICK has reported 92 barrels of oil (bbl) to the Railroad Commission of Texas between September 2024 and August 2026, from 1 wellbore.
- How much is PATRICK worth?
- The remaining production from PATRICK is estimated to be worth about $30K in total as of 26 August 2026, within a range of $0 to $60K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATRICK is a fraction of it. The estimate fits an Arps decline curve to the production PATRICK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATRICK is an estimate of value, not an offer and not an appraisal.
- How much income does PATRICK generate in a year?
- PATRICK is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATRICK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Proven Natural Resources LLC |
|---|---|
| Field | Halliday (Woodbine) |
| County | Leon County, Texas |
| RRC district | 03 |
| Lease number | 28156 |
| Wellbores | 1 |
| Reported production | 92 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $30K |
Where PATRICK 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.