MARTIN UNIT 1
MARTIN UNIT 1 is a Texas gas lease in Eastland County, Railroad Commission district 7B, operated by North Star Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 117,636 thousand cubic feet. 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 $14K, with roughly $2K 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 43 thousand cubic feet a month. Its strongest month on the record we hold was August 2018, at 370 thousand cubic feet. 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 UNIT 1
- Who operates MARTIN UNIT 1?
- MARTIN UNIT 1 is operated by North Star Oil & Gas, Inc., Railroad Commission of Texas operator number 614135.
- Where is MARTIN UNIT 1?
- MARTIN UNIT 1 is a Texas gas lease in Eastland County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 112969.
- Is MARTIN UNIT 1 still producing?
- MARTIN UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN UNIT 1 is August 2026.
- How much has MARTIN UNIT 1 produced?
- MARTIN UNIT 1 has reported 117,636 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MARTIN UNIT 1 worth?
- The remaining production from MARTIN UNIT 1 is estimated to be worth about $14K in total as of 27 August 2026, within a range of $8K to $21K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN UNIT 1 generate in a year?
- MARTIN UNIT 1 is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARTIN UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | North Star Oil & Gas, Inc. |
|---|---|
| Field | Morenco (Marble Falls) |
| County | Eastland County, Texas |
| RRC district | 7B |
| Lease number | 112969 |
| Wellbores | 1 |
| Reported production | 117,636 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where MARTIN UNIT 1 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.