MARTIN, LEE GAS UNIT NO. 1
MARTIN, LEE GAS UNIT NO. 1 is a Texas gas lease in Robertson County, Railroad Commission district 05, operated by Herd Producing Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,704,956 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 $370K, with roughly $56K 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 2,462 thousand cubic feet a month. Its strongest month on the record we hold was April 2023, at 5,112 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 MARTIN, LEE GAS UNIT NO. 1
- Who operates MARTIN, LEE GAS UNIT NO. 1?
- MARTIN, LEE GAS UNIT NO. 1 is operated by Herd Producing Company, Inc., Railroad Commission of Texas operator number 379750.
- Where is MARTIN, LEE GAS UNIT NO. 1?
- MARTIN, LEE GAS UNIT NO. 1 is a Texas gas lease in Robertson County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 083410.
- Is MARTIN, LEE GAS UNIT NO. 1 still producing?
- MARTIN, LEE GAS UNIT NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN, LEE GAS UNIT NO. 1 is August 2026.
- How much has MARTIN, LEE GAS UNIT NO. 1 produced?
- MARTIN, LEE GAS UNIT NO. 1 has reported 1,704,956 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MARTIN, LEE GAS UNIT NO. 1 worth?
- The remaining production from MARTIN, LEE GAS UNIT NO. 1 is estimated to be worth about $370K in total as of 26 August 2026, within a range of $307K to $433K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN, LEE GAS UNIT NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN, LEE GAS UNIT NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN, LEE GAS UNIT NO. 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN, LEE GAS UNIT NO. 1 generate in a year?
- MARTIN, LEE GAS UNIT NO. 1 is forecast to net about $56K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN, LEE GAS UNIT NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Herd Producing Company, Inc. |
|---|---|
| Field | Bald Prairie (CV-Lime) |
| County | Robertson County, Texas |
| RRC district | 05 |
| Lease number | 083410 |
| Wellbores | 1 |
| Reported production | 1,704,956 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $370K |
Where MARTIN, LEE GAS UNIT NO. 1 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.