SALINAS
SALINAS is a Texas oil lease in Duval County, Railroad Commission district 04, operated by Newman Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 20,766 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 $167K, with roughly $32K 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 48 barrels a month. Its strongest month on the record we hold was May 2022, at 74 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 SALINAS
- Who operates SALINAS?
- SALINAS is operated by Newman Operating Company, Railroad Commission of Texas operator number 607391.
- Where is SALINAS?
- SALINAS is a Texas oil lease in Duval County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 11048.
- Is SALINAS still producing?
- SALINAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALINAS is August 2026.
- How much has SALINAS produced?
- SALINAS has reported 20,766 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SALINAS worth?
- The remaining production from SALINAS is estimated to be worth about $167K in total as of 26 August 2026, within a range of $92K to $241K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALINAS is a fraction of it. The estimate fits an Arps decline curve to the production SALINAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALINAS is an estimate of value, not an offer and not an appraisal.
- How much income does SALINAS generate in a year?
- SALINAS is forecast to net about $32K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SALINAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Newman Operating Company |
|---|---|
| Field | Buena Suerte, N. (Tinney SD.) |
| County | Duval County, Texas |
| RRC district | 04 |
| Lease number | 11048 |
| Wellbores | 1 |
| Reported production | 20,766 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $167K |
Where SALINAS 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.