MARRS
MARRS is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2022 to August 2026, totalling 123,813 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 $1.3M, with roughly $484K 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 729 barrels a month. Its strongest month on the record we hold was June 2022, at 22,590 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 MARRS
- Who operates MARRS?
- MARRS is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is MARRS?
- MARRS is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 20705.
- Is MARRS still producing?
- MARRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARRS is August 2026.
- How much has MARRS produced?
- MARRS has reported 123,813 barrels of oil (bbl) to the Railroad Commission of Texas between May 2022 and August 2026, from 1 wellbore.
- How much is MARRS worth?
- The remaining production from MARRS is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $988K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARRS is a fraction of it. The estimate fits an Arps decline curve to the production MARRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARRS is an estimate of value, not an offer and not an appraisal.
- How much income does MARRS generate in a year?
- MARRS is forecast to net about $484K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Pena Creek (Georgetown) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 20705 |
| Wellbores | 1 |
| Reported production | 123,813 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where MARRS 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.