REDWINE
REDWINE is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by North Texas Oil & Gas, LLC. It has 2 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 224,847 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 $369K 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 362 barrels a month, about 181 per wellbore. Its strongest month on the record we hold was May 2016, at 2,692 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 REDWINE
- Who operates REDWINE?
- REDWINE is operated by North Texas Oil & Gas, LLC, Railroad Commission of Texas operator number 614212.
- Where is REDWINE?
- REDWINE is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31436.
- Is REDWINE still producing?
- REDWINE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REDWINE is August 2026.
- How much has REDWINE produced?
- REDWINE has reported 224,847 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 2 wellbores.
- How much is REDWINE worth?
- The remaining production from REDWINE is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $858K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REDWINE is a fraction of it. The estimate fits an Arps decline curve to the production REDWINE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REDWINE is an estimate of value, not an offer and not an appraisal.
- How much income does REDWINE generate in a year?
- REDWINE is forecast to net about $369K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REDWINE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | North Texas Oil & Gas, LLC |
|---|---|
| Field | Swenson (Caddo) |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 31436 |
| Wellbores | 2 |
| Reported production | 224,847 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where REDWINE 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.