LOTSPEICH
LOTSPEICH is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Patriot Services, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 43,979 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 $573K, with roughly $110K 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 159 barrels a month, about 40 per wellbore. Its strongest month on the record we hold was January 2025, at 329 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 LOTSPEICH
- Who operates LOTSPEICH?
- LOTSPEICH is operated by Patriot Services, Inc., Railroad Commission of Texas operator number 643397.
- Where is LOTSPEICH?
- LOTSPEICH is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 28549.
- Is LOTSPEICH still producing?
- LOTSPEICH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOTSPEICH is August 2026.
- How much has LOTSPEICH produced?
- LOTSPEICH has reported 43,979 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is LOTSPEICH worth?
- The remaining production from LOTSPEICH is estimated to be worth about $573K in total as of 27 August 2026, within a range of $447K to $699K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOTSPEICH is a fraction of it. The estimate fits an Arps decline curve to the production LOTSPEICH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOTSPEICH is an estimate of value, not an offer and not an appraisal.
- How much income does LOTSPEICH generate in a year?
- LOTSPEICH is forecast to net about $110K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LOTSPEICH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Services, Inc. |
|---|---|
| Field | Iatan, East Howard |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 28549 |
| Wellbores | 4 |
| Reported production | 43,979 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $573K |
Where LOTSPEICH 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.