MARTINEZ, MERCUIRO
MARTINEZ, MERCUIRO is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Wagner Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2007 to August 2026, totalling 650,847 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 $25K, with roughly $5K 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 210 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 3,616 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 MARTINEZ, MERCUIRO
- Who operates MARTINEZ, MERCUIRO?
- MARTINEZ, MERCUIRO is operated by Wagner Oil Company, Railroad Commission of Texas operator number 891175.
- Where is MARTINEZ, MERCUIRO?
- MARTINEZ, MERCUIRO is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 226745.
- Is MARTINEZ, MERCUIRO still producing?
- MARTINEZ, MERCUIRO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTINEZ, MERCUIRO is August 2026.
- How much has MARTINEZ, MERCUIRO produced?
- MARTINEZ, MERCUIRO has reported 650,847 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2007 and August 2026, from 1 wellbore.
- How much is MARTINEZ, MERCUIRO worth?
- The remaining production from MARTINEZ, MERCUIRO is estimated to be worth about $25K in total as of 27 August 2026, within a range of $20K to $31K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTINEZ, MERCUIRO is a fraction of it. The estimate fits an Arps decline curve to the production MARTINEZ, MERCUIRO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTINEZ, MERCUIRO is an estimate of value, not an offer and not an appraisal.
- How much income does MARTINEZ, MERCUIRO generate in a year?
- MARTINEZ, MERCUIRO is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARTINEZ, MERCUIRO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wagner Oil Company |
|---|---|
| Field | Las Ovejas (Lobo) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 226745 |
| Wellbores | 1 |
| Reported production | 650,847 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $25K |
Where MARTINEZ, MERCUIRO 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.