JENNINGS, MARTIN
JENNINGS, MARTIN is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Grace, Pete. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 17,504 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 $464K, with roughly $63K 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 13 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was December 2024, at 45 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 JENNINGS, MARTIN
- Who operates JENNINGS, MARTIN?
- JENNINGS, MARTIN is operated by Grace, Pete, Railroad Commission of Texas operator number 321575.
- Where is JENNINGS, MARTIN?
- JENNINGS, MARTIN is a Texas oil lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 17343.
- Is JENNINGS, MARTIN still producing?
- JENNINGS, MARTIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JENNINGS, MARTIN is August 2026.
- How much has JENNINGS, MARTIN produced?
- JENNINGS, MARTIN has reported 17,504 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is JENNINGS, MARTIN worth?
- The remaining production from JENNINGS, MARTIN is estimated to be worth about $464K in total as of 27 August 2026, within a range of $255K to $673K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JENNINGS, MARTIN is a fraction of it. The estimate fits an Arps decline curve to the production JENNINGS, MARTIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JENNINGS, MARTIN is an estimate of value, not an offer and not an appraisal.
- How much income does JENNINGS, MARTIN generate in a year?
- JENNINGS, MARTIN is forecast to net about $63K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JENNINGS, MARTIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Grace, Pete |
|---|---|
| Field | Morris (Consolidated Congl.) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 17343 |
| Wellbores | 3 |
| Reported production | 17,504 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $464K |
Where JENNINGS, 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.