PATTON
PATTON is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2024 to August 2026, totalling 31,566 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 $4.2M, with roughly $877K 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 1,102 barrels a month. Its strongest month on the record we hold was February 2024, at 2,070 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 PATTON
- Who operates PATTON?
- PATTON is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is PATTON?
- PATTON is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60628.
- Is PATTON still producing?
- PATTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATTON is August 2026.
- How much has PATTON produced?
- PATTON has reported 31,566 barrels of oil (bbl) to the Railroad Commission of Texas between February 2024 and August 2026, from 1 wellbore.
- How much is PATTON worth?
- The remaining production from PATTON is estimated to be worth about $4.2M in total as of 26 August 2026, within a range of $3.5M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATTON is a fraction of it. The estimate fits an Arps decline curve to the production PATTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATTON is an estimate of value, not an offer and not an appraisal.
- How much income does PATTON generate in a year?
- PATTON is forecast to net about $877K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATTON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 60628 |
| Wellbores | 1 |
| Reported production | 31,566 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where PATTON 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.