PATRON-STATE
PATRON-STATE is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Gordy Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2021 to August 2026, totalling 187,200 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 $2.7M, with roughly $781K 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 1,378 barrels a month. Its strongest month on the record we hold was November 2021, at 9,078 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PATRON-STATE
- Who operates PATRON-STATE?
- PATRON-STATE is operated by Gordy Oil Company, Railroad Commission of Texas operator number 317150.
- Where is PATRON-STATE?
- PATRON-STATE is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55901.
- Is PATRON-STATE still producing?
- PATRON-STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATRON-STATE is August 2026.
- How much has PATRON-STATE produced?
- PATRON-STATE has reported 187,200 barrels of oil (bbl) to the Railroad Commission of Texas between February 2021 and August 2026, from 1 wellbore.
- How much is PATRON-STATE worth?
- The remaining production from PATRON-STATE is estimated to be worth about $2.7M in total as of 26 August 2026, within a range of $2.2M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATRON-STATE is a fraction of it. The estimate fits an Arps decline curve to the production PATRON-STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATRON-STATE is an estimate of value, not an offer and not an appraisal.
- How much income does PATRON-STATE generate in a year?
- PATRON-STATE is forecast to net about $781K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATRON-STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gordy Oil Company |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 55901 |
| Wellbores | 1 |
| Reported production | 187,200 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where PATRON-STATE 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.