MARTIN, J. C. III

Operated by RAKER RESOURCES LLC (P-5 689172) in the PEPITO (LOBO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 137900District 04Field 705505002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 6 leases and 6 wells, and the rule below applies to all of them.

Discovered
1988-08-23
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFFECTIVE 03/01/89.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111991-08-03123514
NGPA2none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition6,755 bbl$206,440
GasProduction1,042,646 Mcf$2,663,338
Total$2,869,778

422,457 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 27.4006, -99.3350. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.40063, -99.33500 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,350 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 9,350 ft.

1 well

42-4793517019,350 ft

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (401)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 202305376.533.39$180
Dec 2022060076.415.73$3,437
Nov 2022061385.005.65$3,461
Oct 2022066187.185.86$3,876
Sep 202207584.888.16$612
Aug 20220094.529.13$0
Jul 20220393101.587.54$2,964
Jun 20220525115.097.98$4,188
May 20220586109.378.43$4,942
Apr 20220510104.226.84$3,487
Mar 2022030108.885.08$152
Feb 20220091.054.86$0
Jan 202204,46881.844.54$20,274
Dec 202104,80071.323.90$18,716
Nov 202106,63577.435.24$34,747
Oct 202103,82979.795.71$21,878
Sep 2021046869.865.35$2,504
Aug 2021067266.024.22$2,836
Jul 2021063770.783.98$2,537
Jun 2021054569.493.38$1,842
May 2021050063.483.02$1,509
Apr 2021059160.362.76$1,630
Mar 2021058661.302.72$1,592
Feb 2021039057.805.55$2,164
Jan 2021030950.412.81$868
Dec 2020023444.642.68$626
Nov 2020066338.772.71$1,794
Oct 2020065936.972.48$1,633
Sep 2020090037.091.99$1,792
Aug 202008239.982.39$196
Jul 2020041838.371.83$763
Jun 2020067134.901.69$1,134
May 202006216.921.81$113
Apr 2020034714.751.80$626
Mar 2020050130.341.86$930
Feb 2020036649.881.98$725
Jan 2020041657.252.09$871
Dec 2019036559.012.30$841
Nov 2019043755.302.75$1,202
Oct 2019056053.472.42$1,354
Sep 2019059255.052.66$1,573
Aug 2019081253.112.30$1,871
Jul 2019014556.272.46$357
Jun 2019069052.782.49$1,719
May 2019068158.482.74$1,866
Apr 2019072862.632.75$2,003
Mar 2019082256.803.06$2,517
Feb 2019085850.852.79$2,396
Jan 2019065846.033.23$2,124
Dec 2018039646.594.19$1,657
Nov 2018042652.934.24$1,805
Oct 2018062861.443.40$2,134
Sep 2018043159.543.11$1,340
Aug 2018062959.403.07$1,929
Jul 2018064265.142.93$1,882
Jun 2018059060.183.08$1,815
May 2018075065.382.90$2,176
Apr 2018074663.842.90$2,164
Mar 2018076261.222.79$2,124
Feb 2018072961.782.77$2,017
Jan 2018083862.874.01$3,360
Dec 2017086657.272.92$2,530
Nov 2017058155.423.12$1,812
Oct 2017080949.292.98$2,414
Sep 2017079347.523.09$2,448
Aug 2017089145.373.00$2,677
Jul 2017031343.873.09$966
Jun 2017056242.493.09$1,735
May 2017080745.373.26$2,634
Apr 2017085447.933.21$2,743
Mar 2017042646.772.98$1,271
Feb 2017067850.452.95$2,002
Jan 2017077249.413.42$2,639
Dec 2016092148.763.72$3,429
Nov 2016061242.492.64$1,618
Oct 2016039846.193.09$1,230
Sep 2016029441.553.10$912
Aug 2016049441.442.92$1,445
Jul 2016054741.622.92$1,600
Jun 2016059945.352.69$1,609
May 2016069442.521.99$1,382
Apr 2016075036.561.99$1,493
Mar 2016081533.011.79$1,462
Feb 2016076526.472.06$1,579
Jan 2016052327.352.36$1,237
Dec 2015060332.362.00$1,207
Nov 2015058338.792.17$1,264
Oct 2015067143.552.43$1,628
Sep 2015072742.992.76$2,005
Aug 2015084940.162.87$2,439
Jul 2015087248.152.95$2,568
Jun 2015096656.152.88$2,785
May 2015083055.212.96$2,453
Apr 2015078349.822.71$2,119
Mar 201501,60242.892.93$4,701
Feb 201503044.662.98$89
Jan 2015017543.433.10$543
Dec 2014091654.693.59$3,290
Nov 2014085770.464.25$3,644
Oct 2014074978.303.90$2,922
Sep 2014069386.164.05$2,803
Aug 2014088289.394.04$3,559
Jul 2014078596.564.18$3,281
Jun 2014090798.164.74$4,296
May 2014099394.734.73$4,693
Apr 2014085595.944.81$4,112
Mar 2014069795.895.06$3,525
Feb 2014090097.406.19$5,573
Jan 2014084790.404.86$4,117
Dec 2013021291.824.35$923
Nov 2013073188.853.74$2,733
Oct 2013047697.423.78$1,799
Sep 20130462104.113.72$1,718
Aug 20130295104.253.52$1,039
Jul 20130567102.523.72$2,108
Jun 201316418594.403.93$16,209
May 2013077894.834.15$3,228
Apr 2013066893.964.28$2,861
Mar 2013040493.623.91$1,581
Feb 2013055091.233.42$1,881
Jan 201301,04291.603.42$3,564
Dec 201201,18486.773.42$4,049
Nov 201201,65886.953.62$6,010
Oct 201201,49989.383.40$5,096
Sep 2012067094.672.92$1,955
Aug 20120092.662.91$0
Jul 2012051085.133.02$1,541
Jun 2012055279.822.52$1,391
May 2012069991.612.49$1,739
Apr 20120706101.652.00$1,410
Mar 20120829105.052.22$1,842
Feb 20120916101.102.57$2,354
Jan 201201,42598.092.73$3,896
Dec 201102,20196.873.24$7,131
Nov 201102,14995.723.31$7,116
Oct 2011043084.983.65$1,569
Sep 201102,60383.623.99$10,375
Aug 201102,59183.404.15$10,751
Jul 201101,74394.144.52$7,874
Jun 20111401,42492.904.64$19,613
May 201101,31598.134.40$5,792
Apr 201101,401105.964.33$6,071
Mar 201101,42096.364.06$5,761
Feb 201101,73885.644.18$7,265
Jan 201101,38986.504.59$6,374
Dec 201001,45185.734.35$6,309
Nov 201001,70880.843.80$6,482
Oct 201002,11878.103.51$7,432
Sep 201001,43572.633.98$5,711
Aug 201001,40373.684.42$6,200
Jul 201001,31672.554.74$6,233
Jun 201001,66870.364.91$8,191
May 201002,01571.124.24$8,534
Apr 201001,71381.694.12$7,062
Mar 201002,48378.394.39$10,897
Feb 20101851,51873.585.44$21,874
Jan 201002,63074.365.96$15,686
Dec 2009070971.445.48$3,888
Nov 200901,34474.593.75$5,042
Oct 200901,20572.544.11$4,953
Sep 200902,01565.543.06$6,175
Aug 200901,39467.423.22$4,487
Jul 200901,35861.133.46$4,705
Jun 200901,22366.163.90$4,764
May 2009079254.743.93$3,109
Apr 2009092346.773.59$3,311
Mar 200901,52442.144.06$6,186
Feb 200901,07332.814.63$4,971
Jan 2009072335.865.37$3,883
Dec 200801,26137.105.98$7,537
Nov 200801,61255.496.86$11,059
Oct 200801,28675.246.92$8,902
Sep 20081451,492101.767.88$26,508
Aug 200801,828114.228.48$15,507
Jul 200801,877131.0811.39$21,378
Jun 200801,769131.3313.03$23,055
May 200801,909123.1711.57$22,095
Apr 200802,193110.3110.45$22,928
Mar 200802,698101.909.66$26,074
Feb 200801,88992.538.77$16,568
Jan 200802,72390.388.21$22,344
Dec 20071803,07188.337.30$38,324
Nov 200702,26391.677.29$16,501
Oct 200702,62682.856.92$18,177
Sep 200703,22275.846.24$20,119
Aug 200702,84969.066.39$18,199
Jul 200702,51370.906.39$16,053
Jun 200701,91762.007.55$14,470
May 200702,24258.747.85$17,591
Apr 20071823,04059.617.81$34,577
Mar 200703,66756.927.30$26,776
Feb 200703,06055.108.22$25,141
Jan 200704,19950.306.73$28,246
Dec 200603,80956.656.92$26,352
Nov 200604,12254.207.62$31,399
Oct 200606,08954.906.01$36,618
Sep 20061717,55360.085.04$48,320
Aug 200609,30768.717.34$68,313
Jul 20060069.376.34$0
Jun 2006091966.286.38$5,867
May 200601,62866.016.42$10,460
Apr 200601,46064.397.36$10,746
Mar 200601,17256.707.08$8,301
Feb 200601,67857.597.75$13,006
Jan 200601,63060.598.93$14,561
Dec 200501,18454.9413.42$15,884
Nov 200501,56754.6910.59$16,592
Oct 200501,92258.3413.80$26,515
Sep 200501,70961.4512.08$20,643
Aug 20051451,79361.519.80$26,485
Jul 200501,67055.697.84$13,099
Jun 200502,02352.337.38$14,932
May 200501,86345.226.65$12,391
Apr 200502,21849.207.36$16,326
Mar 200501,72650.377.15$12,349
Feb 200501,85945.226.31$11,734
Jan 200502,00143.166.32$12,651
Dec 200401,94639.866.75$13,138
Nov 2004049545.286.33$3,134
Oct 200402,49149.706.52$16,229
Sep 200401,65143.245.28$8,724
Aug 200401,24942.375.55$6,933
Jul 2004082638.286.08$5,026
Jun 200416487036.106.43$11,517
May 200401,48537.486.49$9,644
Apr 200401,71734.475.86$10,059
Mar 200402,32734.365.53$12,869
Feb 200402,14832.455.51$11,835
Jan 200402,05332.036.30$12,933
Dec 200302,31830.266.30$14,607
Nov 200302,52328.804.60$11,594
Oct 200303,13828.174.76$14,936
Sep 200301,64926.314.75$7,832
Aug 200302,42929.765.13$12,460
Jul 20031712,60129.415.17$18,478
Jun 20031732,08728.565.98$17,427
May 200302,75826.595.97$16,473
Apr 200302,25726.675.41$12,204
Mar 200302,13231.146.10$12,997
Feb 200301,77333.487.93$14,053
Jan 200302,15330.315.58$12,018
Dec 200203,06226.914.85$14,862
Nov 200201,33124.664.14$5,506
Oct 200202,53726.464.23$10,729
Sep 200203,13327.443.64$11,389
Aug 200201,92225.963.16$6,082
Jul 200202,17024.583.06$6,644
Jun 200202,69523.733.34$8,997
May 20021922,22824.663.58$12,720
Apr 200202,36723.653.51$8,314
Mar 200202,97122.003.10$9,218
Feb 200202,83318.222.38$6,730
Jan 200202,78417.172.38$6,614
Dec 200103,00816.932.36$7,112
Nov 200103,49018.072.41$8,395
Oct 200103,70819.782.53$9,377
Sep 200103,32124.262.25$7,477
Aug 200103,33924.873.05$10,195
Jul 200102,83423.933.20$9,061
Jun 20011802,82324.563.82$15,216
May 200103,21425.524.31$13,844
Apr 200103,67024.685.34$19,581
Mar 200104,11424.545.38$22,119
Feb 200103,70927.755.77$21,390
Jan 200102,86427.478.40$24,054
Dec 200002,74826.889.12$25,069
Nov 200003,79932.215.66$21,495
Oct 20001433,09031.235.15$20,365
Sep 200003,30731.875.19$17,152
Aug 200004,11729.644.54$18,694
Jul 200004,15328.534.09$16,985
Jun 200003,64429.304.40$16,024
May 200003,86727.263.68$14,230
Apr 20001616,48124.513.12$24,141
Mar 200006,81828.422.86$19,498
Feb 20001727,47127.622.73$25,120
Jan 200008,13225.272.48$20,171
Dec 199901,03624.282.42$2,511
Nov 1999098623.192.43$2,400
Oct 199901,61020.982.80$4,514
Sep 199901,58221.752.62$4,143
Aug 199902,18219.262.88$6,275
Jul 199901,77317.892.37$4,206
Jun 199904,45015.942.36$10,511
May 199909,78315.792.32$22,707
Apr 199917710,93815.102.21$26,824
Mar 1999011,21412.471.84$20,615
Feb 199917410,6319.981.82$21,061
Jan 199918012,76610.381.90$26,123
Dec 199809,3689.201.77$16,612
Nov 199804,49510.892.19$9,825
Oct 199803,53112.421.97$6,953
Sep 199801,07312.592.08$2,235
Aug 19980011.301.91$0
Jul 1998033611.742.24$752
Jun 199801,73211.242.24$3,875
May 199803,88812.622.21$8,578
Apr 199805,12913.042.51$12,850
Mar 19981738,64712.802.31$22,184
Feb 199801,76813.952.30$4,065
Jan 199803,28314.702.15$7,074
Dec 199703,91216.322.41$9,432
Nov 199703,26918.193.09$10,096
Oct 199704,16519.253.15$13,119
Sep 19971744,78117.742.95$17,214
Aug 199704,97717.862.55$12,715
Jul 199705,07017.582.25$11,392
Jun 199704,68817.242.26$10,582
May 199704,87318.972.31$11,249
Apr 199705,40917.882.08$11,266
Mar 19971775,32518.951.94$13,680
Feb 199705,85920.492.21$12,924
Jan 199706,31323.483.54$22,346
Dec 199605,52323.32$0
Nov 19961794,16321.97$3,933
Oct 199604,86923.31$0
Sep 199605,61022.22$0
Aug 199606,18020.26$0
Jul 199605,72319.55$0
Jun 199606,47818.73$0
May 19961606,42719.43$3,109
Apr 199606,33121.51$0
Mar 199607,38419.38$0
Feb 19961766,16116.98$2,988
Jan 199607,52817.07$0
Dec 199506,19117.19$0
Nov 199506,39216.00$0
Oct 19952356,42815.43$3,626
Sep 199506,93016.18$0
Aug 199507,10115.92$0
Jul 199505,93615.24$0
Jun 199505,95016.41$0
May 199506,68717.56$0
Apr 19951796,77317.73$3,174
Mar 199507,66716.44$0
Feb 199507,43116.58$0
Jan 19951836,73115.92$2,913
Dec 199403,28615.03$0
Nov 199405,56115.90$0
Oct 199406,98415.58$0
Sep 199407,98315.29$0
Aug 199408,47316.13$0
Jul 19941677,42017.56$2,933
Jun 199417,05517.09$17
May 199406,21115.88$0
Apr 19941809,21914.14$2,545
Mar 1994010,76712.46$0
Feb 199418310,33312.50$2,288
Jan 1994011,62212.66$0
Dec 199307,95912.33$0
Nov 199318412,43314.49$2,666
Oct 1993012,69715.85$0
Sep 199317614,57515.03$2,645
Aug 1993016,64115.66$0
Jul 199317814,95115.46$2,752
Jun 199318013,04016.79$3,022
May 1993014,73317.68$0
Apr 199318117,11818.05$3,267
Mar 199312519,72718.14$2,268
Feb 199318318,93617.90$3,276
Jan 199318212,13916.93$3,081

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Jan 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 76.53 =         $0
Gas                   53 Mcf  × $  3.39 =       $180

────────────────────────────────────────────────────
Month total                                     $180

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/G/137900 is the state's own key, not one this site invented.