MARTIN 29
MARTIN 29 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Lackey, William H. Oil And Gas. It has 5 wellbores on file with the Commission. Reported production runs from March 2006 to August 2026, totalling 196,424 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 $249K, with roughly $42K 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 55 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was September 2017, at 928 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 29
- Who operates MARTIN 29?
- MARTIN 29 is operated by Lackey, William H. Oil And Gas, Railroad Commission of Texas operator number 480868.
- Where is MARTIN 29?
- MARTIN 29 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37737.
- Is MARTIN 29 still producing?
- MARTIN 29 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN 29 is August 2026.
- How much has MARTIN 29 produced?
- MARTIN 29 has reported 196,424 barrels of oil (bbl) to the Railroad Commission of Texas between March 2006 and August 2026, from 5 wellbores.
- How much is MARTIN 29 worth?
- The remaining production from MARTIN 29 is estimated to be worth about $249K in total as of 26 August 2026, within a range of $137K to $361K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN 29 is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN 29 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN 29 is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN 29 generate in a year?
- MARTIN 29 is forecast to net about $42K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN 29 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lackey, William H. Oil And Gas |
|---|---|
| Field | Signal Peak (Wolfcamp) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 37737 |
| Wellbores | 5 |
| Reported production | 196,424 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $249K |
Where MARTIN 29 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.