MARTINEZ, MERCURIO
MARTINEZ, MERCURIO is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2009 to August 2026, totalling 1,683,958 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 $364K, with roughly $55K 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 2,348 thousand cubic feet a month. Its strongest month on the record we hold was May 2017, at 8,538 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 MARTINEZ, MERCURIO
- Who operates MARTINEZ, MERCURIO?
- MARTINEZ, MERCURIO is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is MARTINEZ, MERCURIO?
- MARTINEZ, MERCURIO is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 248469.
- Is MARTINEZ, MERCURIO still producing?
- MARTINEZ, MERCURIO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTINEZ, MERCURIO is August 2026.
- How much has MARTINEZ, MERCURIO produced?
- MARTINEZ, MERCURIO has reported 1,683,958 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2009 and August 2026, from 1 wellbore.
- How much is MARTINEZ, MERCURIO worth?
- The remaining production from MARTINEZ, MERCURIO is estimated to be worth about $364K in total as of 27 August 2026, within a range of $302K to $425K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTINEZ, MERCURIO is a fraction of it. The estimate fits an Arps decline curve to the production MARTINEZ, MERCURIO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTINEZ, MERCURIO is an estimate of value, not an offer and not an appraisal.
- How much income does MARTINEZ, MERCURIO generate in a year?
- MARTINEZ, MERCURIO is forecast to net about $55K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARTINEZ, MERCURIO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Jennings Ranch (Lobo Cons.) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 248469 |
| Wellbores | 1 |
| Reported production | 1,683,958 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $364K |
Where MARTINEZ, MERCURIO 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.