MARTIN TRUST

Operated by PRESIDIO PETROLEUM LLC (P-5 676084) in the CLARK MARTIN (GRANITE WASH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 278052District 10Field 186002502 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.7 M
Jan 2015 – May 2026
Value, last 12 filed months
$356 k
at the published price for each month
Months reported
137
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 44 leases and 45 wells, and the rule below applies to all of them.

Discovered
1986-07-09
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 160 acres. The field rule took effect on 2014-02-05.

The Commission's schedule remark for this field reads: NO BETWEEN WELL SPACING.

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 Gas112018-04-25220018
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
CondensateDisposition41,191 bbl$2,154,141
GasProduction2,519,374 Mcf$7,537,893
Total$9,692,033

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 35.8563, -100.7107. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.85633, -100.71067 · 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
9,337 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 9,337 ft.

Completions filed
Jan 2015
1 of 1 wells

1 well

42-393326468201H9,337 ftJan 2015

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 (137)

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

137 months

May 20261758,432106.413.05$44,304
Apr 202608,23498.932.87$23,629
Mar 20261885,68189.753.15$34,765
Feb 202605,86863.503.75$22,007
Jan 202605,22359.138.00$41,773
Dec 20251918,59656.664.41$48,759
Nov 202505,88358.593.93$23,099
Oct 20251892,63259.383.30$19,921
Sep 202508,10562.743.08$24,938
Aug 202503,52463.933.01$10,624
Jul 20251917,64466.743.32$38,089
Jun 202507,76666.483.13$24,298
May 20251828,62460.553.23$38,896
Apr 202507,97462.363.54$28,253
Mar 20251816,90867.704.27$41,739
Feb 202506,68470.884.34$29,014
Jan 20251938,09274.324.28$48,967
Dec 20241918,48768.993.12$39,668
Nov 202408,71069.052.20$19,148
Oct 20241849,55971.372.28$34,940
Sep 202409,53969.612.36$22,554
Aug 202409,77475.632.06$20,170
Jul 202403,26479.932.15$7,006
Jun 20241858,13378.082.63$35,867
May 20241879,86178.812.20$36,416
Apr 202409,94184.451.66$16,494
Mar 20241849,53480.301.55$29,506
Feb 20243769,11476.091.78$44,866
Jan 202408,21873.023.30$27,100
Dec 202307,53571.262.61$19,672
Nov 202308,12077.892.81$22,797
Oct 20231828,03385.443.09$40,350
Sep 202306,47089.042.74$17,696
Aug 20231829,78680.522.67$40,811
Jul 202308,30774.852.64$21,945
Jun 20231748,88968.962.26$32,075
May 20231929,45070.622.23$34,608
Apr 20231947,84878.122.24$32,717
Mar 202319712,00372.852.39$43,077
Feb 202309,17475.112.47$22,620
Jan 20231959,90376.533.39$48,472
Dec 20221928,20976.415.73$61,701
Nov 202207,16085.005.65$40,427
Oct 2022010,36487.185.86$60,772
Sep 20221929,47484.888.16$93,640
Aug 202219110,16294.529.13$110,804
Jul 202208,130101.587.54$61,317
Jun 20221877,224115.097.98$79,149
May 20221789,077109.378.43$96,015
Apr 20221908,200104.226.84$75,870
Mar 20223888,387108.885.08$84,821
Feb 2022084891.054.86$4,120
Jan 202205,77281.844.54$26,191
Dec 20213789,55971.323.90$64,231
Nov 202109,63477.435.24$50,452
Oct 202119111,17879.795.71$79,110
Sep 202118610,97269.865.35$71,704
Aug 202109,70766.024.22$40,969
Jul 2021078270.783.98$3,114
Jun 20211706,52969.493.38$33,885
May 202107,42963.483.02$22,418
Apr 202118910,91360.362.76$41,511
Mar 20213715,06961.302.72$36,514
Feb 202104,62857.805.55$25,676
Jan 202119510,17350.412.81$38,419
Dec 202018610,62444.642.68$36,727
Nov 202007,16038.772.71$19,379
Oct 20201867,36836.972.48$25,137
Sep 202018411,44537.091.99$29,612
Aug 20201827,71039.982.39$25,665
Jul 202006,78738.371.83$12,387
Jun 202053010,13634.901.69$35,630
May 2020010,47316.921.81$19,006
Apr 202009,66514.751.80$17,439
Mar 202035110,27730.341.86$29,726
Feb 202018510,58549.881.98$30,193
Jan 20201879,25557.252.09$30,093
Dec 201937610,68159.012.30$46,801
Nov 201918710,83255.302.75$40,137
Oct 201919212,13553.472.42$39,615
Sep 201918610,48255.052.66$38,093
Aug 201918711,22153.112.30$35,789
Jul 201918811,12656.272.46$37,949
Jun 201938010,88152.782.49$47,163
May 2019011,15058.482.74$30,555
Apr 201937611,37762.632.75$54,844
Mar 201918611,61856.803.06$46,140
Feb 201919110,13650.852.79$38,014
Jan 201937111,19146.033.23$53,204
Dec 201819110,59746.594.19$53,252
Nov 201837913,70852.934.24$78,145
Oct 201856514,87961.443.40$85,274
Sep 201819015,00859.543.11$57,957
Aug 2018014,60559.403.07$44,787
Jul 20181836,50265.142.93$30,984
Jun 201818314,46260.183.08$55,511
May 201838215,03165.382.90$68,577
Apr 201819314,77263.842.90$55,172
Mar 201819015,67561.222.79$55,316
Feb 201837514,75761.782.77$63,987
Jan 201836417,47562.874.01$92,948
Dec 201718018,64157.272.92$64,769
Nov 201757018,12955.423.12$88,122
Oct 201736319,33949.292.98$75,594
Sep 201737418,25747.523.09$74,137
Aug 201719018,73645.373.00$64,911
Jul 201738417,69843.873.09$71,485
Jun 201717917,85042.493.09$62,714
May 201736920,32645.373.26$83,073
Apr 201738519,58047.933.21$81,336
Mar 201718621,96746.772.98$74,242
Feb 201737120,08050.452.95$78,005
Jan 201718719,29049.413.42$75,188
Dec 201639023,93848.763.72$108,134
Nov 201637423,13742.492.64$77,074
Oct 201637323,93146.193.09$91,182
Sep 201639025,17941.553.10$94,275
Aug 201636927,09741.442.92$94,532
Jul 201637627,82541.622.92$97,019
Jun 201637127,30045.352.69$90,148
May 201656632,09842.521.99$87,975
Apr 201638132,90836.561.99$79,451
Mar 201657837,27333.011.79$85,948
Feb 201657336,46526.472.06$90,418
Jan 201677042,96527.352.36$122,644
Dec 201557247,33832.362.00$113,253
Nov 201558250,88438.792.17$132,858
Oct 201595358,69443.552.43$183,929
Sep 201575963,82142.992.76$208,675
Aug 20151,28874,21340.162.87$264,902
Jul 201557782,77948.152.95$271,573
Jun 20151,53292,50056.152.88$352,686
May 20151,730109,54755.212.96$419,274
Apr 20151,937120,23049.822.71$421,912
Mar 20152,728135,04942.892.93$513,334
Feb 20153,586130,47744.662.98$548,475
Jan 201538136,94543.433.10$131,100

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           175 bbl  × $106.41 =    $18,622
Gas                8,432 Mcf  × $  3.05 =    $25,683

────────────────────────────────────────────────────
Month total                                  $44,304

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. 10/G/278052 is the state's own key, not one this site invented.