MARTIN-FOREMAN 20M
MARTIN-FOREMAN 20M is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2024 to August 2026, totalling 323,643 barrels. The lease is intermittent. 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 $4.5M, with roughly $3.9M 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 22,235 barrels a month. Its strongest month on the record we hold was April 2025, at 44,509 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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-FOREMAN 20M
- Who operates MARTIN-FOREMAN 20M?
- MARTIN-FOREMAN 20M is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is MARTIN-FOREMAN 20M?
- MARTIN-FOREMAN 20M is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62048.
- Is MARTIN-FOREMAN 20M still producing?
- MARTIN-FOREMAN 20M is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MARTIN-FOREMAN 20M is August 2026.
- How much has MARTIN-FOREMAN 20M produced?
- MARTIN-FOREMAN 20M has reported 323,643 barrels of oil (bbl) to the Railroad Commission of Texas between August 2024 and August 2026, from 1 wellbore.
- How much is MARTIN-FOREMAN 20M worth?
- The remaining production from MARTIN-FOREMAN 20M is estimated to be worth about $4.5M in total as of 27 August 2026, within a range of $3.7M to $5.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN-FOREMAN 20M is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN-FOREMAN 20M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN-FOREMAN 20M is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN-FOREMAN 20M generate in a year?
- MARTIN-FOREMAN 20M is forecast to net about $3.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARTIN-FOREMAN 20M receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 62048 |
| Wellbores | 1 |
| Reported production | 323,643 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.5M |
Where MARTIN-FOREMAN 20M 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.