MARTIN-VOLZ

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BENAVIDES (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159343District 04Field 070784752 tax incentive programmesCondensateGasSaveExport
Value, all time
$34.6 M
Jun 1996 – May 2026
Value, last 12 filed months
$236 k
at the published price for each month
Months reported
360
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 247 leases and 247 wells, and the rule below applies to all of them.

Discovered
1998-02-24
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

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 Gas111996-09-05135405
NGPA1none

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
CondensateDisposition129,831 bbl$3,510,697
GasProduction9,110,078 Mcf$31,062,139
Total$34,572,835

846,212 Mcf of this lease's gas, across 7 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 27.5601, -99.1435. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.56007, -99.14353 · 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
8,730 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 8,730 ft.

Completions filed
Jun 1996
1 of 1 wells

1 well

42-4793648828,730 ftJun 1996

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 (360)

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

360 months

May 202603,165106.413.05$9,640
Apr 2026057698.932.87$1,653
Mar 202605,13889.753.15$16,182
Feb 202606,41863.503.75$24,070
Jan 202605,88759.138.00$47,084
Dec 202506,19556.664.41$27,341
Nov 202504,47758.593.93$17,579
Oct 2025081659.383.30$2,697
Sep 202509,26462.743.08$28,505
Aug 202509,23663.933.01$27,844
Jul 202509,99266.743.32$33,125
Jun 20250066.483.13$0
May 2025010,53260.553.23$34,043
Apr 2025010,98762.363.54$38,928
Mar 202548,86467.704.27$38,105
Feb 202507,48970.884.34$32,509
Jan 202506,96674.324.28$29,805
Dec 202402,27568.993.12$7,101
Nov 202403,04269.052.20$6,688
Oct 202407,69671.372.28$17,558
Sep 20241216,58869.612.36$23,999
Aug 202405,41075.632.06$11,164
Jul 202402,54479.932.15$5,461
Jun 20242549,36578.082.63$44,500
May 202408,74878.812.20$19,232
Apr 202408,31884.451.66$13,801
Mar 202406,48680.301.55$10,022
Feb 202407,14576.091.78$12,744
Jan 202406,02173.023.30$19,855
Dec 202305,83671.262.61$15,236
Nov 2023014977.892.81$418
Oct 202307,32185.443.09$22,602
Sep 202307,66389.042.74$20,959
Aug 202307,77680.522.67$20,784
Jul 202308,09474.852.64$21,383
Jun 202307,61268.962.26$17,192
May 202308,21270.622.23$18,291
Apr 202308,06678.122.24$18,050
Mar 20231498,63572.852.39$31,520
Feb 202306,87775.112.47$16,956
Jan 202306,75176.533.39$22,871
Dec 202206,97476.415.73$39,955
Nov 202206,97785.005.65$39,394
Oct 202207,89387.185.86$46,283
Sep 202208,17084.888.16$66,697
Aug 202208,23294.529.13$75,135
Jul 202205,923101.587.54$44,672
Jun 202203,772115.097.98$30,090
May 20221575,495109.378.43$63,511
Apr 2022010,606104.226.84$72,520
Mar 20221518,264108.885.08$58,392
Feb 202208,28591.054.86$40,255
Jan 20223911,53681.844.54$55,538
Dec 2021012,37671.323.90$48,256
Nov 20213312,07077.435.24$65,764
Oct 2021011,27879.795.71$64,441
Sep 2021011,67369.865.35$62,461
Aug 2021012,54766.024.22$52,956
Jul 2021012,12870.783.98$48,295
Jun 202106,62169.493.38$22,383
May 202102,78463.483.02$8,401
Apr 2021011,10960.362.76$30,643
Mar 2021011,84461.302.72$32,179
Feb 2021011,01657.805.55$61,116
Jan 2021013,00650.412.81$36,550
Dec 2020012,69744.642.68$33,970
Nov 2020012,68138.772.71$34,322
Oct 2020012,47836.972.48$30,926
Sep 2020012,77637.091.99$25,438
Aug 2020013,09939.982.39$31,242
Jul 20202014,93938.371.83$28,033
Jun 2020015,18434.901.69$25,666
May 2020015,73716.921.81$28,559
Apr 20205614,20414.751.80$26,455
Mar 2020014,85530.341.86$27,574
Feb 2020013,96749.881.98$27,664
Jan 2020013,07657.252.09$27,391
Dec 20196012,73259.012.30$32,880
Nov 2019011,93055.302.75$32,816
Oct 201905,05753.472.42$12,231
Sep 201901855.052.66$48
Aug 201909,43453.112.30$21,739
Jul 2019011,41756.272.46$28,087
Jun 2019013,59952.782.49$33,878
May 201904,32958.482.74$11,863
Apr 201904,50162.632.75$12,381
Mar 201904,53156.803.06$13,874
Feb 2019734,02350.852.79$14,945
Jan 201903,46046.033.23$11,170
Dec 201807,80546.594.19$32,667
Nov 201809,02152.934.24$38,224
Oct 201809,66861.443.40$32,853
Sep 2018010,40259.543.11$32,329
Aug 201846059.403.07$2,732
Jul 201807,91365.142.93$23,200
Jun 201806,22460.183.08$19,151
May 201807,28865.382.90$21,141
Apr 2018339,17763.842.90$28,727
Mar 201809,10061.222.79$25,360
Feb 201805,54261.782.77$15,330
Jan 201804,36962.874.01$17,517
Dec 2017704557.272.92$4,140
Nov 201706,03455.423.12$18,816
Oct 201706,04649.292.98$18,039
Sep 201704,75747.523.09$14,686
Aug 201705,30545.373.00$15,938
Jul 201705,87243.873.09$18,129
Jun 201705,93742.493.09$18,329
May 2017435,88645.373.26$21,159
Apr 201707,46847.933.21$23,984
Mar 201709,38246.772.98$27,993
Feb 201708,28650.452.95$24,465
Jan 201707,30249.413.42$24,964
Dec 2016208,08648.763.72$31,078
Nov 2016011,56142.492.64$30,571
Oct 2016011,15146.193.09$34,459
Sep 201609,73741.553.10$30,191
Aug 2016011,91241.442.92$34,835
Jul 2016012,93941.622.92$37,838
Jun 2016014,86545.352.69$39,925
May 20162418,45342.521.99$37,761
Apr 2016775,76536.561.99$14,293
Mar 2016397,09833.011.79$14,021
Feb 201607,87126.472.06$16,243
Jan 201607,22627.352.36$17,085
Dec 2015395,57432.362.00$12,418
Nov 2015386,15538.792.17$14,814
Oct 201506,64443.552.43$16,122
Sep 2015974,65142.992.76$16,999
Aug 20151147,50740.162.87$26,142
Jul 201507,31448.152.95$21,540
Jun 20151637,95656.152.88$32,088
May 2015788,37555.212.96$29,058
Apr 20151558,20449.822.71$29,927
Mar 201506,71042.892.93$19,692
Feb 2015816,52744.662.98$23,043
Jan 20151306,24143.433.10$24,997
Dec 20141338,47654.693.59$37,714
Nov 2014658,51970.464.25$40,801
Oct 2014010,53478.303.90$41,093
Sep 2014977,99786.164.05$40,709
Aug 2014418,77089.394.04$39,053
Jul 2014978,19496.564.18$43,614
Jun 201406,76198.164.74$32,026
May 20141256,88194.734.73$44,365
Apr 2014727,47495.944.81$42,851
Mar 2014638,55195.895.06$49,282
Feb 2014686,53797.406.19$47,100
Jan 201406,57790.404.86$31,969
Dec 20131956,53691.824.35$46,366
Nov 2013737,26988.853.74$33,660
Oct 2013617,76697.423.78$35,293
Sep 201308,596104.113.72$31,958
Aug 2013738,625104.253.52$37,993
Jul 2013799,310102.523.72$42,711
Jun 20131827,62594.403.93$47,173
May 2013809,43294.834.15$46,721
Apr 2013608,50493.964.28$42,057
Mar 201308,87093.623.91$34,707
Feb 2013557,61891.233.42$31,071
Jan 201308,74991.603.42$29,921
Dec 20121108,56786.773.42$38,845
Nov 2012556,97786.953.62$30,074
Oct 2012569,72889.383.40$38,077
Sep 20121089,29794.672.92$37,357
Aug 201209,17592.662.91$26,682
Jul 20125310,02785.133.02$34,801
Jun 2012499,53679.822.52$27,933
May 2012949,42491.612.49$32,061
Apr 201207,330101.652.00$14,637
Mar 2012747,739105.052.22$24,970
Feb 2012428,032101.102.57$24,890
Jan 2012729,38898.092.73$32,730
Dec 2011478,60596.873.24$32,431
Nov 20111196,93895.723.31$34,364
Oct 20111509,78484.983.65$48,444
Sep 2011010,06783.623.99$40,125
Aug 20114710,62283.404.15$47,994
Jul 20115310,49594.144.52$52,398
Jun 201112010,52992.904.64$60,001
May 201113911,54798.134.40$64,503
Apr 20118110,663105.964.33$54,789
Mar 20118410,99796.364.06$52,713
Feb 2011839,13985.644.18$45,309
Jan 201116612,07186.504.59$69,750
Dec 201016211,71585.734.35$64,822
Nov 20106711,84780.843.80$50,380
Oct 201012911,93878.103.51$51,964
Sep 20106211,10872.633.98$48,707
Aug 201012211,54973.684.42$60,028
Jul 201015310,01772.554.74$58,546
Jun 20106111,95170.364.91$62,976
May 201013712,31471.124.24$61,896
Apr 20106311,81481.694.12$53,852
Mar 201018313,13678.394.39$71,995
Feb 2010608,96273.585.44$53,189
Jan 201017812,28374.365.96$86,493
Dec 200913013,05371.445.48$80,867
Nov 20096812,82174.593.75$53,170
Oct 20096812,37872.544.11$55,809
Sep 20096213,03465.543.06$44,009
Aug 200911811,42767.423.22$44,733
Jul 200911811,05261.133.46$45,503
Jun 200912511,18666.163.90$51,839
May 200907,45354.743.93$29,259
Apr 200912611,39246.773.59$46,762
Mar 200912612,16642.144.06$54,691
Feb 20096812,72632.814.63$61,191
Jan 200919414,56135.865.37$85,164
Dec 200813413,66837.105.98$86,667
Nov 200813612,76355.496.86$95,105
Oct 200812414,35375.246.92$108,681
Sep 20086315,155101.767.88$125,788
Aug 200819116,187114.228.48$159,131
Jul 200813216,531131.0811.39$205,581
Jun 200812916,332131.3313.03$229,790
May 20086713,692123.1711.57$166,728
Apr 200812613,671110.3110.45$156,827
Mar 200812615,222101.909.66$159,946
Feb 200810615,03192.538.77$141,639
Jan 200813313,01190.388.21$118,785
Dec 20076115,00288.337.30$114,932
Nov 200714712,68991.677.29$106,000
Oct 20077414,15482.856.92$104,105
Sep 200721412,76175.846.24$95,911
Aug 20077115,66069.066.39$104,938
Jul 200721017,76670.906.39$128,377
Jun 2007010,29462.007.55$77,704
May 2007711,48858.747.85$15,846
Apr 200722813,40559.617.81$118,220
Mar 200714713,84356.927.30$109,448
Feb 200720613,02555.108.22$118,364
Jan 200714415,60750.306.73$112,229
Dec 200621416,79456.656.92$128,311
Nov 200622815,77754.207.62$132,539
Oct 200623618,55854.906.01$124,561
Sep 20066818,10760.085.04$95,294
Aug 200620419,75068.717.34$158,980
Jul 200625720,09969.376.34$145,311
Jun 200618919,40366.286.38$136,393
May 2006020,21666.016.42$129,888
Apr 20066820,20464.397.36$153,090
Mar 20068421,39056.707.08$156,266
Feb 200615617,44557.597.75$144,202
Jan 200636522,08460.598.93$219,399
Dec 200515520,88154.9413.42$288,643
Nov 200528321,76054.6910.59$245,881
Oct 200526222,05758.3413.80$319,578
Sep 200518318,95561.4512.08$240,203
Aug 200513023,11161.519.80$234,411
Jul 200524823,09755.697.84$194,976
Jun 200517324,65052.337.38$190,996
May 200545023,41545.226.65$176,086
Apr 200541923,10049.207.36$190,642
Mar 200568325,81150.377.15$219,077
Feb 200543923,54845.226.31$168,485
Jan 200570927,77043.166.32$206,168
Dec 200456226,10639.866.75$198,645
Nov 200418126,99045.286.33$179,054
Oct 200434429,11049.706.52$206,751
Sep 200444927,72343.245.28$165,900
Aug 200417530,89442.375.55$178,897
Jul 200431328,94438.286.08$188,082
Jun 200436028,39736.106.43$195,674
May 200427031,42837.486.49$214,231
Apr 200443328,13834.475.86$179,771
Mar 200426329,98334.365.53$174,847
Feb 200435027,87732.455.51$164,949
Jan 200435428,26332.036.30$189,385
Dec 200350828,14130.266.30$192,707
Nov 200335229,12028.804.60$143,949
Oct 200326125,64128.174.76$129,394
Sep 200333226,46526.314.75$134,427
Aug 200326627,92429.765.13$151,158
Jul 200326528,70829.415.17$156,238
Jun 200343329,01328.565.98$185,950
May 200332929,86826.595.97$187,140
Apr 200341628,83226.675.41$166,997
Mar 200325828,21531.146.10$180,034
Feb 200351427,00833.487.93$231,271
Jan 200334530,28230.315.58$179,492
Dec 200243029,29826.914.85$153,777
Nov 200239730,94624.664.14$137,812
Oct 200244535,90926.464.23$163,638
Sep 200230534,40527.443.64$133,438
Aug 200238636,66125.963.16$126,022
Jul 200246737,49024.583.06$126,264
Jun 200246036,65323.733.34$133,272
May 200241336,52224.663.58$141,079
Apr 200241536,21123.653.51$136,999
Mar 200252533,40622.003.10$115,199
Feb 200247333,63118.222.38$88,515
Jan 200236132,96217.172.38$84,506
Dec 200158833,01816.932.36$88,023
Nov 200151334,09818.072.41$91,293
Oct 200150536,21619.782.53$101,575
Sep 200142837,38324.262.25$94,544
Aug 200141737,90724.873.05$126,107
Jul 200159539,44023.933.20$140,331
Jun 200141736,53624.563.82$149,961
May 200168434,47125.524.31$165,933
Apr 200151638,73824.685.34$219,415
Mar 200161035,66424.545.38$206,715
Feb 200170535,54527.755.77$224,555
Jan 200153835,09227.478.40$309,508
Dec 200080540,82826.889.12$394,092
Nov 200080239,53332.215.66$249,510
Oct 200060641,32831.235.15$231,579
Sep 200052939,74831.875.19$223,012
Aug 200069543,08429.644.54$216,233
Jul 200059945,92628.534.09$204,915
Jun 200088645,04429.304.40$224,030
May 200079047,17827.263.68$195,139
Apr 200078747,33024.513.12$166,770
Mar 200096951,74028.422.86$175,502
Feb 200085253,00127.622.73$168,039
Jan 200096054,63225.272.48$159,774
Dec 19991,03157,15524.282.42$163,560
Nov 199995050,75523.192.43$145,568
Oct 19991,14755,77720.982.80$180,447
Sep 199986257,61021.752.62$169,620
Aug 199997761,88719.262.88$196,779
Jul 19991,17962,73117.892.37$169,913
Jun 19991,01164,63015.942.36$168,778
May 19991,19968,36715.792.32$177,613
Apr 19991,21769,95515.102.21$172,841
Mar 19991,00575,14112.471.84$150,666
Feb 199989769,6469.981.82$135,554
Jan 19991,20979,51710.381.90$163,628
Dec 19981,23883,8789.201.77$160,132
Nov 19981,17874,10710.892.19$174,806
Oct 19981,28484,14212.421.97$181,641
Sep 19981,37484,47812.592.08$193,234
Aug 19981,60392,70011.301.91$194,925
Jul 19981,83095,13611.742.24$234,329
Jun 19981,77995,30511.242.24$233,219
May 19981,80398,38612.622.21$239,827
Apr 19981,91297,13113.042.51$268,278
Mar 199891999,87312.802.31$242,414
Feb 19981,60599,46813.952.30$251,080
Jan 19981,758115,76914.702.15$275,300
Dec 19971,953120,68216.322.41$322,849
Nov 19971,878128,62118.193.09$431,376
Oct 19972,397138,59719.253.15$482,698
Sep 19972,284135,63117.742.95$441,291
Aug 19972,533148,61217.862.55$424,904
Jul 19972,914147,81017.582.25$383,348
Jun 19972,791144,62217.242.26$374,558
May 19973,001155,45318.972.31$415,792
Apr 19972,395138,33017.882.08$330,934
Mar 19972,835135,88618.951.94$317,225
Feb 19972,246123,14120.492.21$317,657
Jan 19972,746128,98423.483.54$521,041
Dec 19962,996135,42123.32$69,867
Nov 19963,048140,99921.97$66,965
Oct 19964,136135,68323.31$96,410
Sep 19963,742122,47122.22$83,147
Aug 19963,936151,36020.26$79,743
Jul 19962,721115,70619.55$53,196
Jun 19961,49844,57218.73$28,058

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                3,165 Mcf  × $  3.05 =     $9,640

────────────────────────────────────────────────────
Month total                                   $9,640

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/159343 is the state's own key, not one this site invented.