KNOTTED ROPE 670-703
KNOTTED ROPE 670-703 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Riley Permian Operating Co, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2024 to August 2026, totalling 660,497 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 $16.8M, with roughly $9.3M 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 19,876 barrels a month, about 9,938 per wellbore. Its strongest month on the record we hold was July 2024, at 46,100 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 KNOTTED ROPE 670-703
- Who operates KNOTTED ROPE 670-703?
- KNOTTED ROPE 670-703 is operated by Riley Permian Operating Co, LLC, Railroad Commission of Texas operator number 712217.
- Where is KNOTTED ROPE 670-703?
- KNOTTED ROPE 670-703 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71378.
- Is KNOTTED ROPE 670-703 still producing?
- KNOTTED ROPE 670-703 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KNOTTED ROPE 670-703 is August 2026.
- How much has KNOTTED ROPE 670-703 produced?
- KNOTTED ROPE 670-703 has reported 660,497 barrels of oil (bbl) to the Railroad Commission of Texas between April 2024 and August 2026, from 2 wellbores.
- How much is KNOTTED ROPE 670-703 worth?
- The remaining production from KNOTTED ROPE 670-703 is estimated to be worth about $16.8M in total as of 27 August 2026, within a range of $13.8M to $19.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KNOTTED ROPE 670-703 is a fraction of it. The estimate fits an Arps decline curve to the production KNOTTED ROPE 670-703 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KNOTTED ROPE 670-703 is an estimate of value, not an offer and not an appraisal.
- How much income does KNOTTED ROPE 670-703 generate in a year?
- KNOTTED ROPE 670-703 is forecast to net about $9.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KNOTTED ROPE 670-703 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Riley Permian Operating Co, LLC |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 71378 |
| Wellbores | 2 |
| Reported production | 660,497 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16.8M |
Where KNOTTED ROPE 670-703 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.