MARTIN STATE
MARTIN STATE is a Texas gas lease in Webb County, Railroad Commission district 01, operated by Lewis Petro Properties, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 2,666,508 thousand cubic feet. The lease is shut in. 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 $987, with roughly $125 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 3 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 19,652 thousand cubic feet.
Key facts about MARTIN STATE
- Who operates MARTIN STATE?
- MARTIN STATE is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is MARTIN STATE?
- MARTIN STATE is a Texas gas lease in Webb County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 269923.
- Is MARTIN STATE still producing?
- MARTIN STATE is shut in. The most recent month of production reported to the Railroad Commission of Texas for MARTIN STATE is August 2026.
- How much has MARTIN STATE produced?
- MARTIN STATE has reported 2,666,508 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is MARTIN STATE worth?
- The remaining production from MARTIN STATE is estimated to be worth about $987 in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN STATE is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN STATE is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN STATE generate in a year?
- MARTIN STATE is forecast to net about $125 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Hawkville (Eagleford Shale) |
| County | Webb County, Texas |
| RRC district | 01 |
| Lease number | 269923 |
| Wellbores | 1 |
| Reported production | 2,666,508 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $987 |
Where MARTIN STATE 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.