PINOTAGE
PINOTAGE is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Opal Resources Operating Co.,LLC. It has 10 wellbores on file with the Commission. Reported production runs from December 2009 to August 2026, totalling 607,824 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 $2.2M, with roughly $497K 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 633 barrels a month, about 63 per wellbore. Its strongest month on the record we hold was April 2018, at 5,719 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 PINOTAGE
- Who operates PINOTAGE?
- PINOTAGE is operated by Opal Resources Operating Co.,LLC, Railroad Commission of Texas operator number 624735.
- Where is PINOTAGE?
- PINOTAGE is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39943.
- Is PINOTAGE still producing?
- PINOTAGE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PINOTAGE is August 2026.
- How much has PINOTAGE produced?
- PINOTAGE has reported 607,824 barrels of oil (bbl) to the Railroad Commission of Texas between December 2009 and August 2026, from 10 wellbores.
- How much is PINOTAGE worth?
- The remaining production from PINOTAGE is estimated to be worth about $2.2M in total as of 27 August 2026, within a range of $1.7M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PINOTAGE is a fraction of it. The estimate fits an Arps decline curve to the production PINOTAGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PINOTAGE is an estimate of value, not an offer and not an appraisal.
- How much income does PINOTAGE generate in a year?
- PINOTAGE is forecast to net about $497K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PINOTAGE 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 | 39943 |
| Wellbores | 10 |
| Reported production | 607,824 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where PINOTAGE 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.