SHINER
SHINER is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Sabinal Energy Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2024 to August 2026, totalling 132,076 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 $3.7M, with roughly $1.3M 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 2,778 barrels a month. Its strongest month on the record we hold was June 2024, at 20,668 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SHINER
- Who operates SHINER?
- SHINER is operated by Sabinal Energy Operating, LLC, Railroad Commission of Texas operator number 742122.
- Where is SHINER?
- SHINER is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71385.
- Is SHINER still producing?
- SHINER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHINER is August 2026.
- How much has SHINER produced?
- SHINER has reported 132,076 barrels of oil (bbl) to the Railroad Commission of Texas between May 2024 and August 2026, from 1 wellbore.
- How much is SHINER worth?
- The remaining production from SHINER is estimated to be worth about $3.7M in total as of 27 August 2026, within a range of $3.0M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHINER is a fraction of it. The estimate fits an Arps decline curve to the production SHINER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHINER is an estimate of value, not an offer and not an appraisal.
- How much income does SHINER generate in a year?
- SHINER is forecast to net about $1.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHINER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sabinal Energy Operating, LLC |
|---|---|
| Field | Riley, North |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 71385 |
| Wellbores | 1 |
| Reported production | 132,076 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where SHINER 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.