SAILOR, MARTHA
SAILOR, MARTHA is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Copan Corporation. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 19,357 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 $20K, with roughly $4K 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 5 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was June 2016, at 43 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 SAILOR, MARTHA
- Who operates SAILOR, MARTHA?
- SAILOR, MARTHA is operated by Copan Corporation, Railroad Commission of Texas operator number 176340.
- Where is SAILOR, MARTHA?
- SAILOR, MARTHA is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00322.
- Is SAILOR, MARTHA still producing?
- SAILOR, MARTHA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAILOR, MARTHA is August 2026.
- How much has SAILOR, MARTHA produced?
- SAILOR, MARTHA has reported 19,357 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is SAILOR, MARTHA worth?
- The remaining production from SAILOR, MARTHA is estimated to be worth about $20K in total as of 26 August 2026, within a range of $0 to $41K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAILOR, MARTHA is a fraction of it. The estimate fits an Arps decline curve to the production SAILOR, MARTHA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAILOR, MARTHA is an estimate of value, not an offer and not an appraisal.
- How much income does SAILOR, MARTHA generate in a year?
- SAILOR, MARTHA is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SAILOR, MARTHA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Copan Corporation |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00322 |
| Wellbores | 6 |
| Reported production | 19,357 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where SAILOR, MARTHA 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.