MARTIN LZS
MARTIN LZS is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Penick, Dean. It has 20 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 212,086 barrels. 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 $463K, with roughly $86K 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 151 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was August 2021, at 1,268 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 LZS
- Who operates MARTIN LZS?
- MARTIN LZS is operated by Penick, Dean, Railroad Commission of Texas operator number 651185.
- Where is MARTIN LZS?
- MARTIN LZS is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 10702.
- Is MARTIN LZS still producing?
- MARTIN LZS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN LZS is August 2026.
- How much has MARTIN LZS produced?
- MARTIN LZS has reported 212,086 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 20 wellbores.
- How much is MARTIN LZS worth?
- The remaining production from MARTIN LZS is estimated to be worth about $463K in total as of 26 August 2026, within a range of $361K to $565K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN LZS is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN LZS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN LZS is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN LZS generate in a year?
- MARTIN LZS is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN LZS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penick, Dean |
|---|---|
| Field | Fuhrman-Mascho |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 10702 |
| Wellbores | 20 |
| Reported production | 212,086 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $463K |
Where MARTIN LZS 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.