CAPTAIN MORGAN
CAPTAIN MORGAN is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Blackbeard Operating, LLC. It has 7 wellbores on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 250,691 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 $448K, with roughly $276K 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 587 barrels a month, about 84 per wellbore. Its strongest month on the record we hold was November 2019, at 8,163 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 CAPTAIN MORGAN
- Who operates CAPTAIN MORGAN?
- CAPTAIN MORGAN is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is CAPTAIN MORGAN?
- CAPTAIN MORGAN is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51202.
- Is CAPTAIN MORGAN still producing?
- CAPTAIN MORGAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAPTAIN MORGAN is August 2026.
- How much has CAPTAIN MORGAN produced?
- CAPTAIN MORGAN has reported 250,691 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 7 wellbores.
- How much is CAPTAIN MORGAN worth?
- The remaining production from CAPTAIN MORGAN is estimated to be worth about $448K in total as of 27 August 2026, within a range of $349K to $546K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAPTAIN MORGAN is a fraction of it. The estimate fits an Arps decline curve to the production CAPTAIN MORGAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAPTAIN MORGAN is an estimate of value, not an offer and not an appraisal.
- How much income does CAPTAIN MORGAN generate in a year?
- CAPTAIN MORGAN is forecast to net about $276K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CAPTAIN MORGAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackbeard Operating, LLC |
|---|---|
| Field | Monahans, North (Clearfork) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 51202 |
| Wellbores | 7 |
| Reported production | 250,691 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $448K |
Where CAPTAIN MORGAN 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.