VT J. MARTIN ST OF TX
VT J. MARTIN ST OF TX is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Virtex Operating Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2008 to August 2026, totalling 200,173 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 $50K, with roughly $8K 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 355 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 1,024 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 VT J. MARTIN ST OF TX
- Who operates VT J. MARTIN ST OF TX?
- VT J. MARTIN ST OF TX is operated by Virtex Operating Company, Inc., Railroad Commission of Texas operator number 886261.
- Where is VT J. MARTIN ST OF TX?
- VT J. MARTIN ST OF TX is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 240259.
- Is VT J. MARTIN ST OF TX still producing?
- VT J. MARTIN ST OF TX is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VT J. MARTIN ST OF TX is August 2026.
- How much has VT J. MARTIN ST OF TX produced?
- VT J. MARTIN ST OF TX has reported 200,173 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2008 and August 2026, from 1 wellbore.
- How much is VT J. MARTIN ST OF TX worth?
- The remaining production from VT J. MARTIN ST OF TX is estimated to be worth about $50K in total as of 27 August 2026, within a range of $39K to $61K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VT J. MARTIN ST OF TX is a fraction of it. The estimate fits an Arps decline curve to the production VT J. MARTIN ST OF TX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VT J. MARTIN ST OF TX is an estimate of value, not an offer and not an appraisal.
- How much income does VT J. MARTIN ST OF TX generate in a year?
- VT J. MARTIN ST OF TX is forecast to net about $8K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VT J. MARTIN ST OF TX receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Virtex Operating Company, Inc. |
|---|---|
| Field | Las Tiendas (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 240259 |
| Wellbores | 1 |
| Reported production | 200,173 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $50K |
Where VT J. MARTIN ST OF TX 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.