VERDOT
VERDOT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Opal Resources Operating Co.,LLC. It has 4 wellbores on file with the Commission. Reported production runs from December 2009 to August 2026, totalling 193,527 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 $729K, with roughly $135K 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 120 barrels a month, about 30 per wellbore. Its strongest month on the record we hold was July 2018, at 2,041 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 VERDOT
- Who operates VERDOT?
- VERDOT is operated by Opal Resources Operating Co.,LLC, Railroad Commission of Texas operator number 624735.
- Where is VERDOT?
- VERDOT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39944.
- Is VERDOT still producing?
- VERDOT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VERDOT is August 2026.
- How much has VERDOT produced?
- VERDOT has reported 193,527 barrels of oil (bbl) to the Railroad Commission of Texas between December 2009 and August 2026, from 4 wellbores.
- How much is VERDOT worth?
- The remaining production from VERDOT is estimated to be worth about $729K in total as of 27 August 2026, within a range of $569K to $890K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VERDOT is a fraction of it. The estimate fits an Arps decline curve to the production VERDOT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VERDOT is an estimate of value, not an offer and not an appraisal.
- How much income does VERDOT generate in a year?
- VERDOT is forecast to net about $135K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VERDOT 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 | 39944 |
| Wellbores | 4 |
| Reported production | 193,527 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $729K |
Where VERDOT 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.