PAT 218
PAT 218 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 206,145 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 $477K, with roughly $83K 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 105 barrels a month, about 52 per wellbore. Its strongest month on the record we hold was July 2025, at 436 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 PAT 218
- Who operates PAT 218?
- PAT 218 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is PAT 218?
- PAT 218 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08422.
- Is PAT 218 still producing?
- PAT 218 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAT 218 is August 2026.
- How much has PAT 218 produced?
- PAT 218 has reported 206,145 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 2 wellbores.
- How much is PAT 218 worth?
- The remaining production from PAT 218 is estimated to be worth about $477K in total as of 27 August 2026, within a range of $372K to $582K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAT 218 is a fraction of it. The estimate fits an Arps decline curve to the production PAT 218 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAT 218 is an estimate of value, not an offer and not an appraisal.
- How much income does PAT 218 generate in a year?
- PAT 218 is forecast to net about $83K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PAT 218 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08422 |
| Wellbores | 2 |
| Reported production | 206,145 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $477K |
Where PAT 218 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.