CHENIN
CHENIN is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Opal Resources Operating Co.,LLC. It has 7 wellbores on file with the Commission. Reported production runs from January 2010 to August 2026, totalling 165,574 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 $1.1M, with roughly $202K 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 273 barrels a month, about 39 per wellbore. Its strongest month on the record we hold was December 2020, at 1,389 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 CHENIN
- Who operates CHENIN?
- CHENIN is operated by Opal Resources Operating Co.,LLC, Railroad Commission of Texas operator number 624735.
- Where is CHENIN?
- CHENIN is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40332.
- Is CHENIN still producing?
- CHENIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHENIN is August 2026.
- How much has CHENIN produced?
- CHENIN has reported 165,574 barrels of oil (bbl) to the Railroad Commission of Texas between January 2010 and August 2026, from 7 wellbores.
- How much is CHENIN worth?
- The remaining production from CHENIN is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $876K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHENIN is a fraction of it. The estimate fits an Arps decline curve to the production CHENIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHENIN is an estimate of value, not an offer and not an appraisal.
- How much income does CHENIN generate in a year?
- CHENIN is forecast to net about $202K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHENIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Opal Resources Operating Co.,LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 40332 |
| Wellbores | 7 |
| Reported production | 165,574 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where CHENIN 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.