BURFORD-MARTIN
BURFORD-MARTIN is a Texas oil lease in Lubbock County, Railroad Commission district 8A, operated by Texland-Rector & Schumacher. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 41,804 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 $225K, with roughly $43K 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 58 barrels a month. Its strongest month on the record we hold was January 2021, at 173 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 BURFORD-MARTIN
- Who operates BURFORD-MARTIN?
- BURFORD-MARTIN is operated by Texland-Rector & Schumacher, Railroad Commission of Texas operator number 849745.
- Where is BURFORD-MARTIN?
- BURFORD-MARTIN is a Texas oil lease in Lubbock County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 64150.
- Is BURFORD-MARTIN still producing?
- BURFORD-MARTIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURFORD-MARTIN is August 2026.
- How much has BURFORD-MARTIN produced?
- BURFORD-MARTIN has reported 41,804 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BURFORD-MARTIN worth?
- The remaining production from BURFORD-MARTIN is estimated to be worth about $225K in total as of 27 August 2026, within a range of $124K to $327K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURFORD-MARTIN is a fraction of it. The estimate fits an Arps decline curve to the production BURFORD-MARTIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURFORD-MARTIN is an estimate of value, not an offer and not an appraisal.
- How much income does BURFORD-MARTIN generate in a year?
- BURFORD-MARTIN is forecast to net about $43K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BURFORD-MARTIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texland-Rector & Schumacher |
|---|---|
| Field | Lee Harrison |
| County | Lubbock County, Texas |
| RRC district | 8A |
| Lease number | 64150 |
| Wellbores | 1 |
| Reported production | 41,804 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $225K |
Where BURFORD-MARTIN 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.