Texas oil lease · RRC district 08 · Lease 31248
ProducingPATRICK
Patrick is an oil lease in Mitchell County, Texas, operated by P4 Operating, LLC in the Beals Creek (Wichita Albany) field. The Railroad Commission shows 264 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 1 well
- Operator
- P4 Operating, LLC
- County
- Mitchell County
- RRC lease
- 08-31248
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Where it sits
This county
- Oil in Jul 2026
- 23 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 1
- Data through
- Jul 2026
Production
Month by month, from the state record
Oil output rose 33% over the last 12 months
264 bbl in the 12 months through Jul 2026, against 199 bbl in the 12 months before.
- Oil (bars, left axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 31248, district 08. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
No gas disposition reported for this lease
Operator history
Who has run this lease
P4 Operating, LLC has reported this lease for the whole period
No change of operator in the months we hold.
- P4 Operating, LLC Jan 2020 to now
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
1 well on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-335-32150 | 1 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 08, lease 31248.
Who buys and gathers
Who moves and buys this lease's production
Oil
Dorado Oil Company gathers it.
100% of it, on the list since Nov 1, 2024
Companies that used to be listed: Paloma Midstream LLC (gathers it, until Nov 1, 2024); Shell Trading (Us) Company (gathers it, until Apr 1, 2021).
SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.
Unit and wells
40 acres on the newest permit
- Wells on the permits
- 11 not plugged
- Horizontal
- 0
- First completion
- May 4, 1987
- Latest permit
- Mar 24, 1987
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-335-32150 | 1 | Mar 24, 1987 | May 4, 1987 | 40 |
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says PATRICK sold each month.
For example 0.00097656, or a fraction like 1/1024.
Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|
| Jul 2026P4 Operating, | 23 | 0 | $80.46 | $2.89 |
| Jun 2026P4 Operating, | 4 | 0 | $84.81 | $3.15 |
| May 2026P4 Operating, | 21 | 0 | $102.13 | $2.94 |
| Apr 2026P4 Operating, | 27 | 0 | $100.32 | $2.77 |
| Mar 2026P4 Operating, | 24 | 160 | $91.38 | $3.04 |
| Feb 2026P4 Operating, | 15 | 0 | $64.51 | $3.62 |
| Jan 2026P4 Operating, | 38 | 0 | $60.04 | $7.72 |
| Dec 2025P4 Operating, | 31 | 0 | $57.97 | $4.26 |
| Nov 2025P4 Operating, | 10 | 0 | $60.06 | $3.79 |
| Oct 2025P4 Operating, | 28 | 0 | $60.89 | $3.19 |
| Sep 2025P4 Operating, | 20 | 145 | $63.96 | $2.97 |
| Aug 2025P4 Operating, | 23 | 0 | $64.86 | $2.91 |
| Jul 2025P4 Operating, | 25 | 0 | $68.39 | $3.20 |
| Jun 2025P4 Operating, | 25 | 0 | $68.17 | $3.02 |
| May 2025P4 Operating, | 35 | 0 | $62.17 | $3.12 |
| Apr 2025P4 Operating, | 14 | 148 | $63.54 | $3.42 |
| Mar 2025P4 Operating, | 6 | 0 | $68.24 | $4.12 |
| Feb 2025P4 Operating, | 20 | 0 | $71.53 | $4.19 |
| Jan 2025P4 Operating, | 0 | 0 | $75.74 | $4.13 |
| Dec 2024P4 Operating, | 12 | 0 | $70.12 | $3.01 |
| Nov 2024P4 Operating, | 12 | 0 | $69.95 | $2.12 |
| Oct 2024P4 Operating, | 15 | 0 | $71.99 | $2.20 |
| Sep 2024P4 Operating, | 17 | 0 | $70.24 | $2.28 |
| Aug 2024P4 Operating, | 18 | 0 | $76.68 | $1.99 |
| Jul 2024P4 Operating, | 14 | 0 | $81.80 | $2.07 |
| Jun 2024P4 Operating, | 15 | 160 | $79.77 | $2.54 |
| May 2024P4 Operating, | 20 | 0 | $80.02 | $2.12 |
| Apr 2024P4 Operating, | 15 | 0 | $85.35 | $1.60 |
| Mar 2024P4 Operating, | 16 | 0 | $81.28 | $1.49 |
| Feb 2024P4 Operating, | 6 | 0 | $77.25 | $1.72 |
| Jan 2024P4 Operating, | 9 | 0 | $74.15 | $3.18 |
| Dec 2023P4 Operating, | 14 | 0 | $71.90 | $2.52 |
| Nov 2023P4 Operating, | 10 | 0 | $77.69 | $2.71 |
| Oct 2023P4 Operating, | 17 | 0 | $85.64 | $2.98 |
| Sep 2023P4 Operating, | 18 | 151 | $89.43 | $2.64 |
| Aug 2023P4 Operating, | 18 | 0 | $81.39 | $2.58 |
No report filed More than 3% of gas flared
SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).
Check your statements
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Upload your statements for PATRICK. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask P4 Operating, LLC.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
P4 Operating, LLC in Mitchell County
No other producing leases from this operator in this county are in our data yet.
Beals Creek (Wichita Albany) field
All leases in this field →Leases within 10 km
Found by the location of their wells.
- SPADE "A"
1,114 bbl last 12 months · 0.3 km away
- SPADE RANCH
101 bbl last 12 months · 3.6 km away
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- ELLWOOD
0 bbl last 12 months · 6.2 km away
- ELLWOOD
2,295 bbl last 12 months · 6.3 km away
Drilling permits within 10 km
SPADE 18 #3601
new drill · Kek Exploration LLC · Mitchell County · 9.8 km away
Permit 0916708 · Jun 26, 2026
CATHODIC PROTECTION #29
new drill · Energy Transfer Company · Mitchell County · 4.6 km away
Permit 0910021 · Sep 8, 2025
SPADE 18 #3501
new drill · Kek Exploration LLC · Mitchell County · 9.8 km away
Permit 0910172 · Sep 2, 2025
SPADE RANCH #W272
new drill · Crownquest Operating, LLC · Mitchell County · 7.4 km away
Permit 0899434 · May 13, 2024
SPADE RANCH #W101
new drill · Crownquest Operating, LLC · Mitchell County · 3.2 km away
Permit 0899433 · May 7, 2024
How to read this page
Questions owners ask
What is a decimal interest?
It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.
How do I use this page to check a royalty check?
Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.
Why is the newest month Jul 2026?
The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.
Does this page show what my check should be?
No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.
Sources and method
Where these numbers come from
- Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 31248, district 08, reported through Jul 2026.
- Wells: Texas Railroad Commission Wellbore Query.
- Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
- Page updated Sep 28, 2026.
We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.