DAYTONA UNIT 1B
DAYTONA UNIT 1B is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2016 to August 2026, totalling 498,211 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 $5.2M, with roughly $1.1M 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 1,701 barrels a month. Its strongest month on the record we hold was September 2016, at 33,141 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 DAYTONA UNIT 1B
- Who operates DAYTONA UNIT 1B?
- DAYTONA UNIT 1B is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is DAYTONA UNIT 1B?
- DAYTONA UNIT 1B is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48231.
- Is DAYTONA UNIT 1B still producing?
- DAYTONA UNIT 1B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DAYTONA UNIT 1B is August 2026.
- How much has DAYTONA UNIT 1B produced?
- DAYTONA UNIT 1B has reported 498,211 barrels of oil (bbl) to the Railroad Commission of Texas between August 2016 and August 2026, from 1 wellbore.
- How much is DAYTONA UNIT 1B worth?
- The remaining production from DAYTONA UNIT 1B is estimated to be worth about $5.2M in total as of 26 August 2026, within a range of $4.3M to $6.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DAYTONA UNIT 1B is a fraction of it. The estimate fits an Arps decline curve to the production DAYTONA UNIT 1B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DAYTONA UNIT 1B is an estimate of value, not an offer and not an appraisal.
- How much income does DAYTONA UNIT 1B generate in a year?
- DAYTONA UNIT 1B is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DAYTONA UNIT 1B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 48231 |
| Wellbores | 1 |
| Reported production | 498,211 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.2M |
Where DAYTONA UNIT 1B 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.