PXP MARTIN
PXP MARTIN is a Texas gas lease in La Salle County, Railroad Commission district 01, operated by 3tec Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from November 2001 to August 2026, totalling 1,757,883 thousand cubic feet. 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 $9K, with roughly $6K 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 1,080 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 9,600 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PXP MARTIN
- Who operates PXP MARTIN?
- PXP MARTIN is operated by 3tec Energy Corporation, Railroad Commission of Texas operator number 953592.
- Where is PXP MARTIN?
- PXP MARTIN is a Texas gas lease in La Salle County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 188937.
- Is PXP MARTIN still producing?
- PXP MARTIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PXP MARTIN is August 2026.
- How much has PXP MARTIN produced?
- PXP MARTIN has reported 1,757,883 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2001 and August 2026, from 1 wellbore.
- How much is PXP MARTIN worth?
- The remaining production from PXP MARTIN is estimated to be worth about $9K in total as of 26 August 2026, within a range of $8K to $11K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PXP MARTIN is a fraction of it. The estimate fits an Arps decline curve to the production PXP MARTIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PXP MARTIN is an estimate of value, not an offer and not an appraisal.
- How much income does PXP MARTIN generate in a year?
- PXP MARTIN is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PXP MARTIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 3tec Energy Corporation |
|---|---|
| Field | Stuart City (Edwards Lime) |
| County | La Salle County, Texas |
| RRC district | 01 |
| Lease number | 188937 |
| Wellbores | 1 |
| Reported production | 1,757,883 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $9K |
Where PXP MARTIN 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.