DOC MARTENS UNIT
DOC MARTENS UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Centennial Resource Prod, LLC. It has 3 wellbores on file with the Commission. Reported production runs from March 2019 to August 2026, totalling 755,109 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 $11.0M, with roughly $2.4M 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 3,612 barrels a month, about 1,204 per wellbore. Its strongest month on the record we hold was August 2019, at 42,242 barrels. 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 DOC MARTENS UNIT
- Who operates DOC MARTENS UNIT?
- DOC MARTENS UNIT is operated by Centennial Resource Prod, LLC, Railroad Commission of Texas operator number 141077.
- Where is DOC MARTENS UNIT?
- DOC MARTENS UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52039.
- Is DOC MARTENS UNIT still producing?
- DOC MARTENS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DOC MARTENS UNIT is August 2026.
- How much has DOC MARTENS UNIT produced?
- DOC MARTENS UNIT has reported 755,109 barrels of oil (bbl) to the Railroad Commission of Texas between March 2019 and August 2026, from 3 wellbores.
- How much is DOC MARTENS UNIT worth?
- The remaining production from DOC MARTENS UNIT is estimated to be worth about $11.0M in total as of 26 August 2026, within a range of $9.1M to $12.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DOC MARTENS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production DOC MARTENS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DOC MARTENS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does DOC MARTENS UNIT generate in a year?
- DOC MARTENS UNIT is forecast to net about $2.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DOC MARTENS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centennial Resource Prod, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 52039 |
| Wellbores | 3 |
| Reported production | 755,109 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.0M |
Where DOC MARTENS UNIT 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.