MARTIN 45
MARTIN 45 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Laredo Petroleum, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 2014 to August 2026, totalling 109,367 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 $466K, with roughly $225K 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 213 barrels a month, about 107 per wellbore. Its strongest month on the record we hold was August 2016, at 1,714 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 MARTIN 45
- Who operates MARTIN 45?
- MARTIN 45 is operated by Laredo Petroleum, Inc., Railroad Commission of Texas operator number 486610.
- Where is MARTIN 45?
- MARTIN 45 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45009.
- Is MARTIN 45 still producing?
- MARTIN 45 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN 45 is August 2026.
- How much has MARTIN 45 produced?
- MARTIN 45 has reported 109,367 barrels of oil (bbl) to the Railroad Commission of Texas between January 2014 and August 2026, from 2 wellbores.
- How much is MARTIN 45 worth?
- The remaining production from MARTIN 45 is estimated to be worth about $466K in total as of 26 August 2026, within a range of $363K to $568K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN 45 is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN 45 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN 45 is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN 45 generate in a year?
- MARTIN 45 is forecast to net about $225K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN 45 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Laredo Petroleum, Inc. |
|---|---|
| Field | Garden City, S. (Wolfcamp) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 45009 |
| Wellbores | 2 |
| Reported production | 109,367 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $466K |
Where MARTIN 45 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.