PRIMITIVO
PRIMITIVO is a Texas oil lease in Martin County, Railroad Commission district 08, operated by W&T Offshore, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2011 to August 2026, totalling 63,331 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 $996K, with roughly $188K 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 278 barrels a month. Its strongest month on the record we hold was May 2016, at 418 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 PRIMITIVO
- Who operates PRIMITIVO?
- PRIMITIVO is operated by W&T Offshore, Inc., Railroad Commission of Texas operator number 887952.
- Where is PRIMITIVO?
- PRIMITIVO is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41265.
- Is PRIMITIVO still producing?
- PRIMITIVO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRIMITIVO is August 2026.
- How much has PRIMITIVO produced?
- PRIMITIVO has reported 63,331 barrels of oil (bbl) to the Railroad Commission of Texas between March 2011 and August 2026, from 1 wellbore.
- How much is PRIMITIVO worth?
- The remaining production from PRIMITIVO is estimated to be worth about $996K in total as of 26 August 2026, within a range of $777K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRIMITIVO is a fraction of it. The estimate fits an Arps decline curve to the production PRIMITIVO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRIMITIVO is an estimate of value, not an offer and not an appraisal.
- How much income does PRIMITIVO generate in a year?
- PRIMITIVO is forecast to net about $188K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRIMITIVO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | W&T Offshore, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 41265 |
| Wellbores | 1 |
| Reported production | 63,331 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $996K |
Where PRIMITIVO 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.