MARTIN PROPERTIES -B-

Operated by R2Q OPERATING LLC (P-5 687719) in the CASH (STRAWN 3820) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 15877District 09Field 16241500OilCasinghead gasSaveExport
Value, all time
$11.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$374 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 33 leases and 98 wells, and the rule below applies to all of them.

Discovered
1966-08-14
as the register files it
Field class
Oil
the register's own label
Between wells
660 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 2012-12-04.

The Commission's schedule remark for this field reads: EFFECTIVE DATE 12/4/12.

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
OilDisposition232,637 bbl$11,154,891
Casinghead gasProduction63 Mcf$135
Total$11,155,027

24 Mcf of this lease's gas, across 24 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 (9)

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 33.9089, -98.8704. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

33.90915, -98.87041 · 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
33.3%
3 of 9 wells
With a plug date
33.3%
3 of 9 wells
Median depth
3,880 ft
9 wells filed one
Completion to plug
32.5 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
333.3%
A plug date is filed
333.3%
BothOn the schedule and plugged. Neither fact cancels the other.
333.3%
NeitherNo plug date, and not on the schedule.
666.7%

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

Total depth in feet, 9 of 9 wells. Median 3,880 ft, with the middle half between 3,850 and 4,000 ft; the shallowest is 3,810 ft and the deepest 8,615 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 8 of 9 wells, Apr 1969 – Aug 2019. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Apr 1969 – Aug 2019
8 of 9 wells; 1 filed none
Plug dates filed
Sep 1993 – Sep 2019
3 of 9 wells; 6 filed none

Last completion to plug: a median of 32.5 years across the 2 wells that filed both dates, with the middle half between 24.1 years and 40.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells

42-4859118918,615 ftSep 1993Yes
42-4853022833,850 ftAug 2019
42-4854533594,514 ftNov 2013
42-4853089464,000 ftJan 2004Sep 2019Yes
42-4853127383,850 ftAug 1972
42-4853118573,828 ftMay 1972
42-4853064253,904 ftJan 1971
42-4853036743,880 ftJan 1970
42-4853007823,810 ftApr 1969Jul 2018Yes

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 2026501098.932.87$49,564
Mar 2026334089.753.15$29,977
Feb 2026685063.503.75$43,498
Jan 2026333059.138.00$19,690
Dec 2025508056.664.41$28,783
Nov 2025676058.593.93$39,607
Oct 2025508059.383.30$30,165
Sep 2025670062.743.08$42,036
Aug 2025518063.933.01$33,116
Jul 2025509066.743.32$33,971
Jun 2025349066.483.13$23,202
May 2025344060.553.23$20,829
Apr 2025348062.363.54$21,701
Mar 2025503067.704.27$34,053
Feb 2025334070.884.34$23,674
Jan 2025500074.324.28$37,160
Dec 2024346068.993.12$23,871
Nov 2024499069.052.20$34,456
Oct 2024343071.372.28$24,480
Sep 2024342069.612.36$23,807
Aug 2024369075.632.06$27,907
Jul 2024344079.932.15$27,496
Jun 2024376078.082.63$29,358
May 2024480078.812.20$37,829
Apr 2024400084.451.66$33,780
Mar 2024312080.301.55$25,054
Feb 2024399076.091.78$30,360
Jan 2024498073.023.30$36,364
Dec 2023333071.262.61$23,730
Nov 2023309077.892.81$24,068
Oct 2023478085.443.09$40,840
Sep 2023317089.042.74$28,226
Aug 2023505080.522.67$40,663
Jul 2023174074.852.64$13,024
Jun 2023334068.962.26$23,033
May 2023509070.622.23$35,946
Apr 2023500078.122.24$39,060
Mar 2023668072.852.39$48,664
Feb 2023329075.112.47$24,711
Jan 2023334076.533.39$25,561
Dec 2022666076.415.73$50,889
Nov 2022339085.005.65$28,815
Oct 2022509087.185.86$44,375
Sep 2022322084.888.16$27,331
Aug 2022478094.529.13$45,181
Jul 20221690101.587.54$17,167
Jun 20225100115.097.98$58,696
May 20221650109.378.43$18,046
Apr 20223140104.226.84$32,725
Mar 20223410108.885.08$37,128
Feb 2022169091.054.86$15,387
Jan 2022172081.844.54$14,076
Dec 2021357071.323.90$25,461
Nov 2021174077.435.24$13,473
Oct 2021347079.795.71$27,687
Sep 2021348069.865.35$24,311
Aug 2021175066.024.22$11,554
Jul 2021526070.783.98$37,230
Jun 2021349069.493.38$24,252
May 2021503063.483.02$31,930
Apr 2021506060.362.76$30,542
Mar 2021336061.302.72$20,597
Feb 2021508057.805.55$29,362
Jan 2021333050.412.81$16,787
Dec 2020670044.642.68$29,909
Nov 2020164038.772.71$6,358
Oct 2020508036.972.48$18,781
Sep 2020332037.091.99$12,314
Aug 2020500039.982.39$19,990
Jul 2020492038.371.83$18,878
Jun 2020498034.901.69$17,380
May 2020494016.921.81$8,358
Apr 2020668014.751.80$9,853
Mar 2020502030.341.86$15,231
Feb 2020505049.881.98$25,189
Jan 2020503057.252.09$28,797
Dec 2019506059.012.30$29,859
Nov 2019505055.302.75$27,927
Oct 2019501053.472.42$26,788
Sep 2019301055.052.66$16,570
Aug 2019167053.112.30$8,869
Jul 2019491056.272.46$27,629
Jun 2019172052.782.49$9,078
May 2019411058.482.74$24,035
Apr 2019170062.632.75$10,647
Mar 2019335056.803.06$19,028
Feb 2019168050.852.79$8,543
Jan 2019176046.033.23$8,101
Dec 2018338046.594.19$15,747
Nov 2018343052.934.24$18,155
Oct 2018332061.443.40$20,398
Sep 2018156059.543.11$9,288
Aug 2018477059.403.07$28,334
Jul 2018328065.142.93$21,366
Jun 2018323060.183.08$19,438
May 2018491065.382.90$32,102
Apr 2018335063.842.90$21,386
Mar 2018487061.222.79$29,814
Feb 2018489061.782.77$30,210
Jan 2018491062.874.01$30,869
Dec 2017505057.272.92$28,921
Nov 2017507055.423.12$28,098
Oct 2017495049.292.98$24,399
Sep 2017663047.523.09$31,506
Aug 2017465045.373.00$21,097
Jul 2017337043.873.09$14,784
Jun 2017514042.493.09$21,840
May 2017334045.373.26$15,154
Apr 2017518047.933.21$24,828
Mar 2017523046.772.98$24,461
Feb 2017516050.452.95$26,032
Jan 2017523049.413.42$25,841
Dec 2016344048.763.72$16,773
Nov 2016521042.492.64$22,137
Oct 2016693046.193.09$32,010
Sep 2016522041.553.10$21,689
Aug 2016516041.442.92$21,383
Jul 2016347041.622.92$14,442
Jun 2016682045.352.69$30,929
May 2016693042.521.99$29,466
Apr 2016692036.561.99$25,300
Mar 2016513033.011.79$16,934
Feb 2016629026.472.06$16,650
Jan 2016340027.352.36$9,299
Dec 2015516032.362.00$16,698
Nov 2015521038.792.17$20,210
Oct 2015720043.552.43$31,356
Sep 2015540042.992.76$23,215
Aug 2015179040.162.87$7,189
Jul 2015538048.152.95$25,905
Jun 2015732056.152.88$41,102
May 2015918055.212.96$50,683
Apr 2015911049.822.71$45,386
Mar 2015922042.892.93$39,545
Feb 2015928044.662.98$41,444
Jan 2015897043.433.10$38,957
Dec 2014923054.693.59$50,479
Nov 2014918070.464.25$64,682
Oct 2014916078.303.90$71,723
Sep 2014736086.164.05$63,414
Aug 20141,076089.394.04$96,184
Jul 20141,256096.564.18$121,279
Jun 20141,094098.164.74$107,387
May 2014928094.734.73$87,909
Apr 2014532095.944.81$51,040
Mar 2014747095.895.06$71,630
Feb 2014543097.406.19$52,888
Jan 2014914090.404.86$82,626
Dec 2013723091.824.35$66,386
Nov 2013739088.853.74$65,660
Oct 2013548097.423.78$53,386
Sep 20135420104.113.72$56,428
Aug 20133550104.253.52$37,009
Jul 20131760102.523.72$18,044
Jun 2013183094.403.93$17,275
May 2013363094.834.15$34,423
Apr 2013549093.964.28$51,584
Mar 2013358093.623.91$33,516
Feb 2013356091.233.42$32,478
Jan 2013360091.603.42$32,976
Dec 2012548086.773.42$47,550
Nov 2012364086.953.62$31,650
Oct 2012534089.383.40$47,729
Sep 2012360094.672.92$34,081
Aug 2012362092.662.91$33,543
Jul 2012364085.133.02$30,987
Jun 2012535079.822.52$42,704
May 2012351091.612.49$32,155
Apr 20123650101.652.00$37,102
Mar 20123570105.052.22$37,503
Feb 20125340101.102.57$53,987
Jan 2012369098.092.73$36,195
Dec 2011359096.873.24$34,776
Nov 2011369095.723.31$35,321
Oct 2011524084.983.65$44,530
Sep 2011365083.623.99$30,521
Aug 2011356083.404.15$29,690
Jul 2011346094.144.52$32,572
Jun 2011539092.904.64$50,073
May 2011542098.134.40$53,186
Apr 20113590105.964.33$38,040
Mar 2011619096.364.06$59,647
Feb 2011548085.644.18$46,931
Jan 2011545086.504.59$47,143
Dec 2010601085.734.35$51,524
Nov 2010510080.843.80$41,228
Oct 2010295078.103.51$23,040
Sep 2010358072.633.98$26,002
Aug 2010339073.684.42$24,978
Jul 2010349072.554.74$25,320
Jun 2010357070.364.91$25,119
May 2010356071.124.24$25,319
Apr 2010527081.694.12$43,051
Mar 2010536078.394.39$42,017
Feb 2010531073.585.44$39,071
Jan 2010362074.365.96$26,918
Dec 2009360071.445.48$25,718
Nov 2009724074.593.75$54,003
Oct 2009543072.544.11$39,389
Sep 2009529065.543.06$34,671
Aug 2009539067.423.22$36,339
Jul 2009697061.133.46$42,608
Jun 2009702066.163.90$46,444
May 2009704054.743.93$38,537
Apr 2009532046.773.59$24,882
Mar 2009742042.144.06$31,268
Feb 2009525032.814.63$17,225
Jan 2009635035.865.37$22,771
Dec 2008743037.105.98$27,565
Nov 2008703055.496.86$39,009
Oct 2008753075.246.92$56,656
Sep 20087610101.767.88$77,439
Aug 20087470114.228.48$85,322
Jul 20086910131.0811.39$90,576
Jun 20089630131.3313.03$126,471
May 20088600123.1711.57$105,926
Apr 20087700110.3110.45$84,939
Mar 20085410101.909.66$55,128
Feb 2008548092.538.77$50,706
Jan 2008560090.388.21$50,613
Dec 2007711088.337.30$62,803
Nov 2007534091.677.29$48,952
Oct 2007706082.856.92$58,492
Sep 2007527075.846.24$39,968
Aug 2007522069.066.39$36,049
Jul 2007685070.906.39$48,567
Jun 2007573062.007.55$35,526
May 2007703058.747.85$41,294
Apr 2007702059.617.81$41,846
Mar 2007529056.927.30$30,111
Feb 2007543055.108.22$29,919
Jan 2007728050.306.73$36,618
Dec 2006616056.656.92$34,896
Nov 2006345054.207.62$18,699
Oct 2006597054.906.01$32,775
Sep 2006717060.085.04$43,077
Aug 2006672068.717.34$46,173
Jul 2006678069.376.34$47,033
Jun 2006833066.286.38$55,211
May 2006655066.016.42$43,237
Apr 2006864064.397.36$55,633
Mar 2006505056.707.08$28,634
Feb 2006713057.597.75$41,062
Jan 2006727060.598.93$44,049
Dec 2005800054.9413.42$43,952
Nov 2005787054.6910.59$43,041
Oct 2005521058.3413.80$30,395
Sep 2005857061.4512.08$52,663
Aug 2005698061.519.80$42,934
Jul 2005659055.697.84$36,700
Jun 2005686052.337.38$35,898
May 2005678045.226.65$30,659
Apr 2005530049.207.36$26,076
Mar 2005806050.377.15$40,598
Feb 2005530045.226.31$23,967
Jan 2005698043.166.32$30,126
Dec 2004719039.866.75$28,659
Nov 2004357045.286.33$16,165
Oct 2004352049.706.52$17,494
Sep 2004661043.245.28$28,582
Aug 2004519042.375.55$21,990
Jul 2004531038.286.08$20,327
Jun 2004528036.106.43$19,061
May 2004490037.486.49$18,365
Apr 2004540034.475.86$18,614
Mar 2004706034.365.53$24,258
Feb 2004486032.455.51$15,771
Jan 2004508032.036.30$16,271
Dec 2003519030.266.30$15,705
Nov 2003643028.804.60$18,518
Oct 2003708028.174.76$19,944
Sep 2003519026.314.75$13,655
Aug 2003536029.765.13$15,951
Jul 2003697029.415.17$20,499
Jun 2003532028.565.98$15,194
May 2003525026.595.97$13,960
Apr 2003339026.675.41$9,041
Mar 2003532031.146.10$16,566
Feb 2003556033.487.93$18,615
Jan 2003548030.315.58$16,610
Dec 2002537026.914.85$14,451
Nov 2002526024.664.14$12,971
Oct 2002361026.464.23$9,552
Sep 2002690027.443.64$18,934
Aug 2002538025.963.16$13,966
Jul 2002531024.583.06$13,052
Jun 2002653023.733.34$15,496
May 2002688024.663.58$16,966
Apr 2002727023.653.51$17,194
Mar 2002600022.003.10$13,200
Feb 2002523018.222.38$9,529
Jan 2002667017.172.38$11,452
Dec 20010016.932.36$0
Nov 20010118.072.41$2
Oct 20010119.782.53$3
Sep 20010124.262.25$2
Aug 2001534124.873.05$13,284
Jul 2001715123.933.20$17,113
Jun 2001529124.563.82$12,996
May 2001663125.524.31$16,924
Apr 2001680124.685.34$16,788
Mar 2001546124.545.38$13,404
Feb 2001562127.755.77$15,601
Jan 2001737127.478.40$20,254
Dec 2000724126.889.12$19,470
Nov 20001,100132.215.66$35,437
Oct 2000918131.235.15$28,674
Sep 20001,245131.875.19$39,683
Aug 2000513129.644.54$15,210
Jul 2000897128.534.09$25,596
Jun 20001,043129.304.40$30,564
May 2000952127.263.68$25,955
Apr 2000720124.513.12$17,650
Mar 2000740128.422.86$21,034
Feb 2000938127.622.73$25,910
Jan 2000934125.272.48$23,605
Dec 1999932124.282.42$22,631
Nov 1999744123.192.43$17,256
Oct 1999920120.982.80$19,304
Sep 1999910121.752.62$19,795
Aug 1999904119.262.88$17,414
Jul 1999184117.892.37$3,294
Jun 1999539115.942.36$8,594
May 1999553115.792.32$8,734
Apr 1999554115.102.21$8,368
Mar 1999638112.471.84$7,958
Feb 199965119.981.82$6,499
Jan 1999745110.381.90$7,735
Dec 199875019.201.77$6,902
Nov 1998748110.892.19$8,148
Oct 1998862112.421.97$10,708
Sep 1998372112.592.08$4,686
Aug 1998624011.301.91$7,051
Jul 1998556011.742.24$6,527
Jun 1998345011.242.24$3,878
May 1998334012.622.21$4,215
Apr 1998528013.042.51$6,885
Mar 1998549012.802.31$7,027
Feb 1998356013.952.30$4,966
Jan 1998558014.702.15$8,203
Dec 1997556016.322.41$9,074
Nov 1997552018.193.09$10,041
Oct 1997556019.253.15$10,703
Sep 1997552017.742.95$9,792
Aug 1997547017.862.55$9,769
Jul 1997727017.582.25$12,781
Jun 1997549017.242.26$9,465
May 1997736018.972.31$13,962
Apr 1997740017.882.08$13,231
Mar 1997739018.951.94$14,004
Feb 1997559020.492.21$11,454
Jan 1997556023.483.54$13,055
Dec 1996562023.32$13,106
Nov 1996739021.97$16,236
Oct 1996917023.31$21,375
Sep 1996551022.22$12,243
Aug 1996731020.26$14,810
Jul 1996912019.55$17,830
Jun 1996730018.73$13,673
May 1996730019.43$14,184
Apr 1996732021.51$15,745
Mar 1996726019.38$14,070
Feb 1996739016.98$12,548
Jan 1996937017.07$15,995
Dec 1995934017.19$16,055
Nov 1995921016.00$14,736
Oct 1995735015.43$11,341
Sep 1995735016.18$11,892
Aug 1995549015.92$8,740
Jul 1995714015.24$10,881
Jun 1995549016.41$9,009
May 1995739017.56$12,977
Apr 1995733017.73$12,996
Mar 1995734016.44$12,067
Feb 1995746016.58$12,369
Jan 1995751015.92$11,956
Dec 1994931115.03$13,993
Nov 1994931115.90$14,803
Oct 1994927115.58$14,443
Sep 1994735115.29$11,238
Aug 1994910116.13$14,678
Jul 1994911117.56$15,997
Jun 1994734117.09$12,544
May 19941,283115.88$20,374
Apr 19941,121114.14$15,851
Mar 1994925112.46$11,526
Feb 19941,302112.50$16,275
Jan 19941,124112.66$14,230
Dec 1993740112.33$9,124
Nov 1993926114.49$13,418
Oct 19931,110115.85$17,594
Sep 19931,087115.03$16,338
Aug 19931,070115.66$16,756
Jul 19931,272115.46$19,665
Jun 19931,274116.79$21,390
May 19931,097117.68$19,395
Apr 19931,285118.05$23,194
Mar 19931,107118.14$20,081
Feb 19931,112117.90$19,905
Jan 19931,116116.93$18,894

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.

Apr 2026 — as filed, then multipliedworked
Oil                  501 bbl  × $ 98.93 =    $49,564
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $49,564

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/O/15877 is the state's own key, not one this site invented.