MARTIN

Operated by UPP OPERATING, LLC (P-5 875310) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 254198District 09Field 65280200GasSaveExport
Value, all time
$16.8 M
May 2008 – May 2026
Value, last 12 filed months
$277 k
at the published price for each month
Months reported
217
no gaps in the span
Streams
1
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
GasProduction3,574,734 Mcf$16,845,660
Total$16,845,660

Every month this lease reported (217)

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

217 months

May 20265,050106.413.05$15,381
Apr 20264,69698.932.87$13,476
Mar 20265,17289.753.15$16,289
Feb 20265,34863.503.75$20,057
Jan 20266,39259.138.00$51,123
Dec 20255,50956.664.41$24,313
Nov 20255,34958.593.93$21,003
Oct 20257,39659.383.30$24,443
Sep 20256,95162.743.08$21,388
Aug 20257,38563.933.01$22,264
Jul 20257,32966.743.32$24,297
Jun 20257,45266.483.13$23,315
May 20257,62660.553.23$24,650
Apr 20256,41162.363.54$22,715
Mar 20256,70367.704.27$28,611
Feb 20256,81870.884.34$29,596
Jan 20257,72674.324.28$33,057
Dec 20247,62768.993.12$23,807
Nov 20247,36569.052.20$16,192
Oct 20247,66871.372.28$17,494
Sep 20247,37369.612.36$17,432
Aug 20247,47375.632.06$15,422
Jul 20247,45279.932.15$15,996
Jun 20247,50078.082.63$19,755
May 20247,82378.812.20$17,198
Apr 20247,74384.451.66$12,847
Mar 20246,91080.301.55$10,677
Feb 20247,37776.091.78$13,158
Jan 20247,17073.023.30$23,644
Dec 20237,52271.262.61$19,638
Nov 20236,96677.892.81$19,557
Oct 20236,32585.443.09$19,527
Sep 20237,58689.042.74$20,748
Aug 20237,82780.522.67$20,921
Jul 20237,90474.852.64$20,881
Jun 20237,80868.962.26$17,634
May 20238,25470.622.23$18,385
Apr 20237,94878.122.24$17,786
Mar 20237,92872.852.39$18,973
Feb 20237,33575.112.47$18,086
Jan 20238,66576.533.39$29,355
Dec 20227,56176.415.73$43,318
Nov 20227,92885.005.65$44,763
Oct 20228,35787.185.86$49,003
Sep 20227,90984.888.16$64,567
Aug 20227,95194.529.13$72,570
Jul 20227,958101.587.54$60,020
Jun 20227,779115.097.98$62,055
May 20228,206109.378.43$69,202
Apr 20227,960104.226.84$54,427
Mar 20228,191108.885.08$41,581
Feb 20227,16591.054.86$34,814
Jan 20228,15881.844.54$37,018
Dec 20218,15171.323.90$31,782
Nov 20218,15377.435.24$42,696
Oct 20218,81279.795.71$50,351
Sep 20215,56669.865.35$29,783
Aug 20215,29266.024.22$22,335
Jul 20219,57770.783.98$38,136
Jun 202110,72769.493.38$36,264
May 20219,07963.483.02$27,397
Apr 20218,63060.362.76$23,805
Mar 20219,37961.302.72$25,482
Feb 20217,36757.805.55$40,872
Jan 20219,18750.412.81$25,818
Dec 20209,33644.642.68$24,978
Nov 20209,06538.772.71$24,535
Oct 20209,28336.972.48$23,007
Sep 20209,21737.091.99$18,351
Aug 20209,97139.982.39$23,782
Jul 202010,40938.371.83$18,998
Jun 202010,52134.901.69$17,784
May 202010,97416.921.81$19,915
Apr 202010,71914.751.80$19,341
Mar 202011,24230.341.86$20,868
Feb 202010,25349.881.98$20,308
Jan 202010,36357.252.09$21,708
Dec 20198,77059.012.30$20,209
Nov 20198,82355.302.75$24,269
Oct 201911,69753.472.42$28,290
Sep 201911,33255.052.66$30,112
Aug 201911,08753.112.30$25,548
Jul 20199,62156.272.46$23,668
Jun 20196,89752.782.49$17,182
May 20197,64958.482.74$20,961
Apr 201910,23962.632.75$28,164
Mar 201910,20756.803.06$31,255
Feb 20199,10050.852.79$25,409
Jan 201910,72246.033.23$34,613
Dec 201810,08146.594.19$42,193
Nov 201810,03252.934.24$42,508
Oct 201810,03261.443.40$34,090
Sep 201810,01759.543.11$31,133
Aug 201810,40859.403.07$31,917
Jul 201810,56865.142.93$30,984
Jun 201810,45860.183.08$32,178
May 20188,34665.382.90$24,210
Apr 20188,08863.842.90$23,462
Mar 201811,18661.222.79$31,174
Feb 20189,25461.782.77$25,598
Jan 201810,03062.874.01$40,213
Dec 201710,08457.272.92$29,461
Nov 20179,95955.423.12$31,056
Oct 201710,76449.292.98$32,116
Sep 201710,52047.523.09$32,478
Aug 201711,33345.373.00$34,049
Jul 201711,84543.873.09$36,569
Jun 20179,07442.493.09$28,014
May 20179,89745.373.26$32,298
Apr 201710,84747.933.21$34,836
Mar 201711,85046.772.98$35,357
Feb 201710,74050.452.95$31,711
Jan 201711,89149.413.42$40,653
Dec 201611,10448.763.72$41,338
Nov 201610,21942.492.64$27,023
Oct 201610,18646.193.09$31,477
Sep 201611,00641.553.10$34,126
Aug 201611,05141.442.92$32,317
Jul 201611,42341.622.92$33,405
Jun 201611,11145.352.69$29,842
May 201611,32542.521.99$22,549
Apr 201610,36136.561.99$20,629
Mar 201610,60333.011.79$19,022
Feb 20169,47226.472.06$19,547
Jan 201611,24727.352.36$26,592
Dec 20159,67432.362.00$19,362
Nov 201510,05638.792.17$21,795
Oct 201511,35443.552.43$27,551
Sep 201512,08642.992.76$33,338
Aug 201512,36940.162.87$35,530
Jul 20159,24748.152.95$27,233
Jun 201511,26856.152.88$32,484
May 201511,65555.212.96$34,446
Apr 201512,53649.822.71$33,930
Mar 201512,38142.892.93$36,335
Feb 201511,19244.662.98$33,310
Jan 201512,60643.433.10$39,087
Dec 201412,57854.693.59$45,172
Nov 201412,32670.464.25$52,408
Oct 201413,03278.303.90$50,837
Sep 201413,81086.164.05$55,868
Aug 201415,02489.394.04$60,624
Jul 201415,25896.564.18$63,772
Jun 201414,69098.164.74$69,585
May 201410,91294.734.73$51,576
Apr 201414,47695.944.81$69,617
Mar 201414,40095.895.06$72,818
Feb 201411,44397.406.19$70,855
Jan 201414,46390.404.86$70,301
Dec 201314,84291.824.35$64,629
Nov 201314,53888.853.74$54,347
Oct 201315,26697.423.78$57,696
Sep 201314,451104.113.72$53,725
Aug 201315,940104.253.52$56,150
Jul 201317,172102.523.72$63,841
Jun 201317,71694.403.93$69,684
May 201316,11994.834.15$66,879
Apr 201317,15293.964.28$73,455
Mar 201315,93793.623.91$62,359
Feb 201315,89991.233.42$54,373
Jan 201317,72891.603.42$60,628
Dec 201219,24886.773.42$65,831
Nov 201218,53886.953.62$67,200
Oct 201218,80089.383.40$63,914
Sep 201218,01194.672.92$52,563
Aug 201220,55292.662.91$59,769
Jul 201217,09085.133.02$51,625
Jun 201218,32179.822.52$46,151
May 201219,88291.612.49$49,473
Apr 201219,837101.652.00$39,611
Mar 201219,691105.052.22$43,755
Feb 201219,112101.102.57$49,122
Jan 201220,59198.092.73$56,297
Dec 201122,07596.873.24$71,517
Nov 201121,67595.723.31$71,772
Oct 201123,92984.983.65$87,306
Sep 201124,60983.623.99$98,087
Aug 201124,82683.404.15$103,011
Jul 201125,41094.144.52$114,783
Jun 2011092.904.64$0
May 201126,58198.134.40$117,085
Apr 201125,593105.964.33$110,902
Mar 201127,77296.364.06$112,680
Feb 201126,63085.644.18$111,313
Jan 201129,51086.504.59$135,415
Dec 201031,37685.734.35$136,415
Nov 201031,39580.843.80$119,154
Oct 201026,74978.103.51$93,859
Sep 201028,00472.633.98$111,441
Aug 201015,51473.684.42$68,562
Jul 201030,58672.554.74$144,870
Jun 201032,91570.364.91$161,626
May 201034,35271.124.24$145,488
Apr 2010081.694.12$0
Mar 201031,30678.394.39$137,392
Feb 201028,70173.585.44$156,201
Jan 201032,03974.365.96$191,083
Dec 200933,14371.445.48$181,748
Nov 200932,10674.593.75$120,446
Oct 200933,30772.544.11$136,900
Sep 200934,56065.543.06$105,918
Aug 200937,27867.423.22$119,979
Jul 200939,18161.133.46$135,743
Jun 200941,72466.163.90$162,515
May 200943,74154.743.93$171,716
Apr 200943,52046.773.59$156,128
Mar 200944,13342.144.06$179,136
Feb 200946,66132.814.63$216,180
Jan 200958,22635.865.37$312,732
Dec 200864,07737.105.98$382,997
Nov 200867,77855.496.86$464,981
Oct 200878,28575.246.92$541,887
Sep 200888,279101.767.88$695,382
Aug 2008102,582114.228.48$870,205
Jul 2008129,460131.0811.39$1,474,476
Jun 2008134,063131.3313.03$1,747,193
May 20080123.1711.57$0

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
Gas                5,050 Mcf  × $  3.05 =    $15,381

────────────────────────────────────────────────────
Month total                                  $15,381

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. 09/G/254198 is the state's own key, not one this site invented.