MARTIN
MARTIN is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Harper, Wayne. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 32,066 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 $221K, with roughly $43K 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 58 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was July 2023, at 143 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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
- Who operates MARTIN?
- MARTIN is operated by Harper, Wayne, Railroad Commission of Texas operator number 358820.
- Where is MARTIN?
- MARTIN is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 20764.
- Is MARTIN still producing?
- MARTIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN is August 2026.
- How much has MARTIN produced?
- MARTIN has reported 32,066 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MARTIN worth?
- The remaining production from MARTIN is estimated to be worth about $221K in total as of 26 August 2026, within a range of $122K to $321K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN generate in a year?
- MARTIN is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Harper, Wayne |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 20764 |
| Wellbores | 2 |
| Reported production | 32,066 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $221K |
Where MARTIN 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.