ROAN STATE 24
ROAN STATE 24 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 7 wellbores on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 867,140 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 $138K, with roughly $112K 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 508 barrels a month, about 73 per wellbore. Its strongest month on the record we hold was July 2016, at 22,209 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 ROAN STATE 24
- Who operates ROAN STATE 24?
- ROAN STATE 24 is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is ROAN STATE 24?
- ROAN STATE 24 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44273.
- Is ROAN STATE 24 still producing?
- ROAN STATE 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ROAN STATE 24 is August 2026.
- How much has ROAN STATE 24 produced?
- ROAN STATE 24 has reported 867,140 barrels of oil (bbl) to the Railroad Commission of Texas between September 2012 and August 2026, from 7 wellbores.
- How much is ROAN STATE 24 worth?
- The remaining production from ROAN STATE 24 is estimated to be worth about $138K in total as of 26 August 2026, within a range of $108K to $169K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ROAN STATE 24 is a fraction of it. The estimate fits an Arps decline curve to the production ROAN STATE 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ROAN STATE 24 is an estimate of value, not an offer and not an appraisal.
- How much income does ROAN STATE 24 generate in a year?
- ROAN STATE 24 is forecast to net about $112K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ROAN STATE 24 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 | 44273 |
| Wellbores | 7 |
| Reported production | 867,140 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $138K |
Where ROAN STATE 24 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.