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Texas oil lease

Producing

MARTIN, LEE

Martin, Lee is an oil lease in Montague County, Texas, operated by BP Petroleum Operations, LLC in the Montague County Regular field.

10 wells

16bbl oil, last 12 months−83% vs prior year
RRC lease
09-17464

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Where it sits

This county

Montague CountyMontagueClayCookeMontague County
Montague County
Oil in Jul 2026
0 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: BP Petroleum Operations, LLC took over from Esp Energy, LLC in Apr 2026.

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 83% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 83% over the last 12 monthsMonthly oil production for MARTIN, LEE, Aug 2023 to Jul 2026. Oil output fell 83% over the last 12 months. 16 bbl in the 12 months through Jul 2026, against 94 bbl in the 12 months before.Last 12 months: 16 bblbbl per month01020304050Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 83% over the last 12 monthsMonthly oil production for MARTIN, LEE, Aug 2023 to Jul 2026. Oil output fell 83% over the last 12 months. 16 bbl in the 12 months through Jul 2026, against 94 bbl in the 12 months before.Last 12 monthsbbl per month01020304050Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 2 times, most recently in Apr 2026

Operators of this lease over timeLamar Energy, Jan 2020 to Nov 2024; Esp Energy, LLC, Dec 2024 to Mar 2026; BP Petroleum Operations, LLC, Apr 2026 to Jul 20262020202120222023202420252026Changed Dec 2024Changed Apr 2026Lamar EnergyJan 2020 to Nov 2024Esp Energy, LLCDec 2024 to Mar 2026BP Petroleum Operations, LLCApr 2026 to now
Operators of this lease over timeLamar Energy, Jan 2020 to Nov 2024; Esp Energy, LLC, Dec 2024 to Mar 2026; BP Petroleum Operations, LLC, Apr 2026 to Jul 20262020202120222023202420252026Changed Dec 2024Changed Apr 2026Lamar EnergyJan 2020 to Nov 2024Esp Energy, LLCDec 2024 to Mar 2026BP Petroleum Operations, LLCApr 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

10 wells on this lease

Wells on MARTIN, LEE
API numberWell no.Status
42-337-302571Active
42-337-302852Active
42-337-302863Active
42-337-302994Active
42-337-303045Active
42-337-303117Active
42-337-303126Active
42-337-303558Active
42-337-303929Active
42-337-3053310Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ptt Premier Trading and Tran LLCOilGathers100Dec 1, 2024–
Sentinel Transportation, LLCOilGathers100Oct 1, 2023Dec 1, 2024
Gulfmark Energy, Inc.OilGathers50Oct 1, 2018Oct 1, 2023
Vitol Inc.OilGathers50Oct 1, 2018Oct 1, 2023

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

  • Good to know

    10 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Martin, Lee
API numberWell no.Acreson the permit
42-337-302571–
42-337-302852–
42-337-302863–
42-337-302994–
42-337-303045–
42-337-303117–
42-337-303126–
42-337-303558–
42-337-303929–
42-337-3053310–

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for MARTIN, LEE
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026BP Petroleum00$80.46$2.89
Jun 2026BP Petroleum00$84.81$3.15
May 2026BP Petroleum20$102.13$2.94
Apr 2026BP Petroleum20$100.32$2.77
Mar 2026Esp Energy,20$91.38$3.04
Feb 2026Esp Energy,20$64.51$3.62
Jan 2026Esp Energy,20$60.04$7.72
Dec 2025Esp Energy,10$57.97$4.26
Nov 2025Esp Energy,20$60.06$3.79
Oct 2025Esp Energy,10$60.89$3.19
Sep 2025Esp Energy,10$63.96$2.97
Aug 2025Esp Energy,10$64.86$2.91
Jul 2025Esp Energy,10$68.39$3.20
Jun 2025Esp Energy,10$68.17$3.02
May 2025Esp Energy,10$62.17$3.12
Apr 2025Esp Energy,20$63.54$3.42
Mar 2025Esp Energy,10$68.24$4.12
Feb 2025Esp Energy,20$71.53$4.19
Jan 2025Esp Energy,10$75.74$4.13
Dec 2024Esp Energy,20$70.12$3.01
Nov 2024Lamar Energy00$69.95$2.12
Oct 2024Lamar Energy9154$71.99$2.20
Sep 2024Lamar Energy410$70.24$2.28
Aug 2024Lamar Energy330$76.68$1.99
Jul 2024Lamar Energy260$81.80$2.07
Jun 2024Lamar Energy39153$79.77$2.54
May 2024Lamar Energy150$80.02$2.12
Apr 2024Lamar Energy190$85.35$1.60
Mar 2024Lamar Energy360$81.28$1.49
Feb 2024Lamar Energy360$77.25$1.72
Jan 2024Lamar Energy40149$74.15$3.18
Dec 2023Lamar Energy380$71.90$2.52
Nov 2023Lamar Energy390$77.69$2.71
Oct 2023Lamar Energy380$85.64$2.98
Sep 2023Lamar Energy35154$89.43$2.64
Aug 2023Lamar Energy400$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

BP Petroleum Operations, LLC in Montague County

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