A toast in memory of late television actor Larry Hagman and the millions of "Dallas" fans everywhere!

TNT, which currently produces the revival of hit '80s prime time soap "Dallas," has announced the development of a new brand of bourbon named after Hagman's famous character J.R Ewing, which happened to be the Texas oil tycoon's drink of choice.

Show executives have teamed up with three Dallas, TX-based bottling companies to create the four-year-old, 80 per cent proof liquor that is distilled in Kentucky. The bottle will even feature a screen-printed image of the Ewings' iconic home of Southfork Ranch.

“It’s exciting to have the show and J.R.’s legacy represented to the public in a new way,” said "Dallas" executive producer and writer Cynthia Cidre.

Andy Harmon, co-founder of Southfork Bottling Co., described the brand as "reflective of J.R.’s thirst for the best in life," and explained how it "pays tribute to the character with whom everyone around the world is familiar.”

The bourbon will initially launch in 14 states across the South and Midwest at the end of March and will be available nationwide and overseas by the end of the year.

Besides paying homage to the legendary character, the bourbon also serves as a tribute to Hagman, who played the manipulative Ewing for a total of 14 years, including the first season of the remake. He passed away in November 2012 after battling acute myeloid leukemia.