MARTIN, J.C. III
MARTIN, J.C. III is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Michael Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 791,519 thousand cubic feet. 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 $54K, with roughly $9K 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 453 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,153 thousand cubic feet. 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, J.C. III
- Who operates MARTIN, J.C. III?
- MARTIN, J.C. III is operated by Michael Petroleum Corporation, Railroad Commission of Texas operator number 564070.
- Where is MARTIN, J.C. III?
- MARTIN, J.C. III is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 089914.
- Is MARTIN, J.C. III still producing?
- MARTIN, J.C. III is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN, J.C. III is August 2026.
- How much has MARTIN, J.C. III produced?
- MARTIN, J.C. III has reported 791,519 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MARTIN, J.C. III worth?
- The remaining production from MARTIN, J.C. III is estimated to be worth about $54K in total as of 26 August 2026, within a range of $42K to $66K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN, J.C. III is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN, J.C. III has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN, J.C. III is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN, J.C. III generate in a year?
- MARTIN, J.C. III is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN, J.C. III receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Michael Petroleum Corporation |
|---|---|
| Field | Dolores Creek (Wilcox 8200) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 089914 |
| Wellbores | 1 |
| Reported production | 791,519 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $54K |
Where MARTIN, J.C. III 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.