PINOT 65
PINOT 65 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Opal Resources Operating Co.,LLC. It has 11 wellbores on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 737,070 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 $4.2M, with roughly $950K 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 1,366 barrels a month, about 124 per wellbore. Its strongest month on the record we hold was May 2016, at 8,627 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 PINOT 65
- Who operates PINOT 65?
- PINOT 65 is operated by Opal Resources Operating Co.,LLC, Railroad Commission of Texas operator number 624735.
- Where is PINOT 65?
- PINOT 65 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39141.
- Is PINOT 65 still producing?
- PINOT 65 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PINOT 65 is August 2026.
- How much has PINOT 65 produced?
- PINOT 65 has reported 737,070 barrels of oil (bbl) to the Railroad Commission of Texas between December 2008 and August 2026, from 11 wellbores.
- How much is PINOT 65 worth?
- The remaining production from PINOT 65 is estimated to be worth about $4.2M in total as of 27 August 2026, within a range of $3.5M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PINOT 65 is a fraction of it. The estimate fits an Arps decline curve to the production PINOT 65 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PINOT 65 is an estimate of value, not an offer and not an appraisal.
- How much income does PINOT 65 generate in a year?
- PINOT 65 is forecast to net about $950K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PINOT 65 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 | 39141 |
| Wellbores | 11 |
| Reported production | 737,070 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where PINOT 65 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.