EASY TARGET 3097OP
EASY TARGET 3097OP is a Texas gas lease in Martin County, Railroad Commission district 08, operated by Occidental Permian Ltd. It has 1 wellbore on file with the Commission. Reported production runs from June 2024 to August 2026, totalling 1,588,220 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 $8.9M, with roughly $3.7M 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 47,358 thousand cubic feet a month. Its strongest month on the record we hold was September 2024, at 179,746 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 EASY TARGET 3097OP
- Who operates EASY TARGET 3097OP?
- EASY TARGET 3097OP is operated by Occidental Permian Ltd., Railroad Commission of Texas operator number 617544.
- Where is EASY TARGET 3097OP?
- EASY TARGET 3097OP is a Texas gas lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299975.
- Is EASY TARGET 3097OP still producing?
- EASY TARGET 3097OP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EASY TARGET 3097OP is August 2026.
- How much has EASY TARGET 3097OP produced?
- EASY TARGET 3097OP has reported 1,588,220 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2024 and August 2026, from 1 wellbore.
- How much is EASY TARGET 3097OP worth?
- The remaining production from EASY TARGET 3097OP is estimated to be worth about $8.9M in total as of 26 August 2026, within a range of $7.3M to $10.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EASY TARGET 3097OP is a fraction of it. The estimate fits an Arps decline curve to the production EASY TARGET 3097OP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EASY TARGET 3097OP is an estimate of value, not an offer and not an appraisal.
- How much income does EASY TARGET 3097OP generate in a year?
- EASY TARGET 3097OP is forecast to net about $3.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in EASY TARGET 3097OP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Occidental Permian Ltd. |
|---|---|
| Field | Emma (Barnett Shale) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 299975 |
| Wellbores | 1 |
| Reported production | 1,588,220 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.9M |
Where EASY TARGET 3097OP 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.