MARTINEZ, S.
MARTINEZ, S. is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Bluestone Natural Res. II, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 122,037 thousand cubic feet. The lease is intermittent. 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 $39K, 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 259 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,660 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, S.
- Who operates MARTINEZ, S.?
- MARTINEZ, S. is operated by Bluestone Natural Res. II, LLC, Railroad Commission of Texas operator number 076861.
- Where is MARTINEZ, S.?
- MARTINEZ, S. is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 274966.
- Is MARTINEZ, S. still producing?
- MARTINEZ, S. is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MARTINEZ, S. is August 2026.
- How much has MARTINEZ, S. produced?
- MARTINEZ, S. has reported 122,037 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2014 and August 2026, from 1 wellbore.
- How much is MARTINEZ, S. worth?
- The remaining production from MARTINEZ, S. is estimated to be worth about $39K in total as of 26 August 2026, within a range of $31K to $48K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTINEZ, S. is a fraction of it. The estimate fits an Arps decline curve to the production MARTINEZ, S. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTINEZ, S. is an estimate of value, not an offer and not an appraisal.
- How much income does MARTINEZ, S. generate in a year?
- MARTINEZ, S. is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTINEZ, S. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bluestone Natural Res. II, LLC |
|---|---|
| Field | Los Mogotes (Wilcox Cons.) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 274966 |
| Wellbores | 1 |
| Reported production | 122,037 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $39K |
Where MARTINEZ, S. 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.