ROMAN
ROMAN is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 8 wellbores on file with the Commission. Reported production runs from July 2008 to August 2026, totalling 513,739 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 $2.6M, with roughly $954K 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 1,516 barrels a month, about 189 per wellbore. Its strongest month on the record we hold was April 2017, at 4,295 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 ROMAN
- Who operates ROMAN?
- ROMAN is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is ROMAN?
- ROMAN is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38881.
- Is ROMAN still producing?
- ROMAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ROMAN is August 2026.
- How much has ROMAN produced?
- ROMAN has reported 513,739 barrels of oil (bbl) to the Railroad Commission of Texas between July 2008 and August 2026, from 8 wellbores.
- How much is ROMAN worth?
- The remaining production from ROMAN is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.2M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ROMAN is a fraction of it. The estimate fits an Arps decline curve to the production ROMAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ROMAN is an estimate of value, not an offer and not an appraisal.
- How much income does ROMAN generate in a year?
- ROMAN is forecast to net about $954K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ROMAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 38881 |
| Wellbores | 8 |
| Reported production | 513,739 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where ROMAN 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.