PAINE UNIT
PAINE UNIT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Skidmore Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 36,414 barrels. The lease is intermittent. 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 $11K, with roughly $2K 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 4 barrels a month. Its strongest month on the record we hold was July 2019, at 174 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 PAINE UNIT
- Who operates PAINE UNIT?
- PAINE UNIT is operated by Skidmore Exploration, Inc., Railroad Commission of Texas operator number 785485.
- Where is PAINE UNIT?
- PAINE UNIT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 26356.
- Is PAINE UNIT still producing?
- PAINE UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PAINE UNIT is August 2026.
- How much has PAINE UNIT produced?
- PAINE UNIT has reported 36,414 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PAINE UNIT worth?
- The remaining production from PAINE UNIT is estimated to be worth about $11K in total as of 27 August 2026, within a range of $0 to $22K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAINE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PAINE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAINE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PAINE UNIT generate in a year?
- PAINE UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PAINE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Skidmore Exploration, Inc. |
|---|---|
| Field | Sanders (Conglomerate, Lo.) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 26356 |
| Wellbores | 1 |
| Reported production | 36,414 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11K |
Where PAINE UNIT 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.