MAY
MAY is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Patton, E. N. Oil Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 84,847 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 $1.4M, with roughly $408K 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 596 barrels a month, about 298 per wellbore. Its strongest month on the record we hold was July 2021, at 1,834 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 MAY
- Who operates MAY?
- MAY is operated by Patton, E. N. Oil Company, Inc., Railroad Commission of Texas operator number 643525.
- Where is MAY?
- MAY is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31319.
- Is MAY still producing?
- MAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAY is August 2026.
- How much has MAY produced?
- MAY has reported 84,847 barrels of oil (bbl) to the Railroad Commission of Texas between May 2013 and August 2026, from 2 wellbores.
- How much is MAY worth?
- The remaining production from MAY is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAY is a fraction of it. The estimate fits an Arps decline curve to the production MAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAY is an estimate of value, not an offer and not an appraisal.
- How much income does MAY generate in a year?
- MAY is forecast to net about $408K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patton, E. N. Oil Company, Inc. |
|---|---|
| Field | Sears |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 31319 |
| Wellbores | 2 |
| Reported production | 84,847 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where MAY 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.