PATTERSON
PATTERSON is a Texas oil lease in Wood County, Railroad Commission district 06, operated by J-O'B Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from November 1999 to August 2026, totalling 88,171 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 $332K, with roughly $64K 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 71 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was April 2017, at 328 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PATTERSON
- Who operates PATTERSON?
- PATTERSON is operated by J-O'B Operating Company, Railroad Commission of Texas operator number 427302.
- Where is PATTERSON?
- PATTERSON is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 13978.
- Is PATTERSON still producing?
- PATTERSON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PATTERSON is August 2026.
- How much has PATTERSON produced?
- PATTERSON has reported 88,171 barrels of oil (bbl) to the Railroad Commission of Texas between November 1999 and August 2026, from 2 wellbores.
- How much is PATTERSON worth?
- The remaining production from PATTERSON is estimated to be worth about $332K in total as of 26 August 2026, within a range of $183K to $482K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PATTERSON is a fraction of it. The estimate fits an Arps decline curve to the production PATTERSON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PATTERSON is an estimate of value, not an offer and not an appraisal.
- How much income does PATTERSON generate in a year?
- PATTERSON is forecast to net about $64K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PATTERSON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | J-O'B Operating Company |
|---|---|
| Field | Quitman (Woodbine) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 13978 |
| Wellbores | 2 |
| Reported production | 88,171 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $332K |
Where PATTERSON 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.