PATTON, M.
PATTON, M. is a Texas oil lease in Mitchell County, Railroad Commission district 8A, operated by Gray, Gordon Operator. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 15,881 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 $38K, with roughly $7K 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 13 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was December 2017, at 74 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 PATTON, M.
- Who operates PATTON, M.?
- PATTON, M. is operated by Gray, Gordon Operator, Railroad Commission of Texas operator number 326571.
- Where is PATTON, M.?
- PATTON, M. is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 05639.
- Is PATTON, M. still producing?
- PATTON, M. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATTON, M. is August 2026.
- How much has PATTON, M. produced?
- PATTON, M. has reported 15,881 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is PATTON, M. worth?
- The remaining production from PATTON, M. is estimated to be worth about $38K in total as of 26 August 2026, within a range of $21K to $55K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATTON, M. is a fraction of it. The estimate fits an Arps decline curve to the production PATTON, M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATTON, M. is an estimate of value, not an offer and not an appraisal.
- How much income does PATTON, M. generate in a year?
- PATTON, M. is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATTON, M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gray, Gordon Operator |
|---|---|
| Field | Sharon Ridge (1700) |
| County | Mitchell County, Texas |
| RRC district | 8A |
| Lease number | 05639 |
| Wellbores | 5 |
| Reported production | 15,881 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where PATTON, M. 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.