MARTIN, NELLIE C.
MARTIN, NELLIE C. is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Kerr-Mcgee Oil & Gas Onshore LLC. It has 33 wellbores on file with the Commission. Reported production runs from December 2000 to August 2026, totalling 703,679 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 $7.5M, with roughly $1.8M 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 2,214 barrels a month, about 67 per wellbore. Its strongest month on the record we hold was October 2017, at 8,810 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 MARTIN, NELLIE C.
- Who operates MARTIN, NELLIE C.?
- MARTIN, NELLIE C. is operated by Kerr-Mcgee Oil & Gas Onshore LLC, Railroad Commission of Texas operator number 457809.
- Where is MARTIN, NELLIE C.?
- MARTIN, NELLIE C. is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36485.
- Is MARTIN, NELLIE C. still producing?
- MARTIN, NELLIE C. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN, NELLIE C. is August 2026.
- How much has MARTIN, NELLIE C. produced?
- MARTIN, NELLIE C. has reported 703,679 barrels of oil (bbl) to the Railroad Commission of Texas between December 2000 and August 2026, from 33 wellbores.
- How much is MARTIN, NELLIE C. worth?
- The remaining production from MARTIN, NELLIE C. is estimated to be worth about $7.5M in total as of 27 August 2026, within a range of $6.2M to $8.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN, NELLIE C. is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN, NELLIE C. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN, NELLIE C. is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN, NELLIE C. generate in a year?
- MARTIN, NELLIE C. is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARTIN, NELLIE C. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kerr-Mcgee Oil & Gas Onshore LLC |
|---|---|
| Field | Martin (Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 36485 |
| Wellbores | 33 |
| Reported production | 703,679 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.5M |
Where MARTIN, NELLIE C. 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.