MARTINSVILLE
MARTINSVILLE is a Texas gas lease in Shelby County, Railroad Commission district 06, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2010 to August 2026, totalling 5,687,770 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 $587K, with roughly $89K 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 4,317 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 22,380 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 MARTINSVILLE
- Who operates MARTINSVILLE?
- MARTINSVILLE is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is MARTINSVILLE?
- MARTINSVILLE is a Texas gas lease in Shelby County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 260250.
- Is MARTINSVILLE still producing?
- MARTINSVILLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTINSVILLE is August 2026.
- How much has MARTINSVILLE produced?
- MARTINSVILLE has reported 5,687,770 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2010 and August 2026, from 1 wellbore.
- How much is MARTINSVILLE worth?
- The remaining production from MARTINSVILLE is estimated to be worth about $587K in total as of 26 August 2026, within a range of $487K to $687K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTINSVILLE is a fraction of it. The estimate fits an Arps decline curve to the production MARTINSVILLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTINSVILLE is an estimate of value, not an offer and not an appraisal.
- How much income does MARTINSVILLE generate in a year?
- MARTINSVILLE is forecast to net about $89K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTINSVILLE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Carthage (Haynesville Shale) |
| County | Shelby County, Texas |
| RRC district | 06 |
| Lease number | 260250 |
| Wellbores | 1 |
| Reported production | 5,687,770 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $587K |
Where MARTINSVILLE 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.