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Texas oil lease

Producing

MARTIN-MADISON

Martin-Madison is an oil lease in Martin County, Texas, operated by Rafter T Resources LLC in the Spraberry (Trend Area) field.

2 wells

19,342bbl oil, last 12 months+180% vs prior year
Operator
Rafter T Resources LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-43385

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
73,426 mcf
Oil in Jul 2026
523 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Rafter T Resources LLC took over from Hannathon Petroleum, LLC in Jan 2025.

  • P-5

    The previous operator's P-5 registration is listed as delinquent (last P-5 filed Sep 27, 2024).

  • Buyer

    Buyer changed: ENERGY TRANSFER COMPANY replaced WTG GAS PROCESSING, L.P. as the buyer of this lease's gas from oil wells on Jan 1, 2025.

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

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Production by month

Oil output rose 180% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 180% over the last 12 monthsMonthly oil production and gas for MARTIN-MADISON, Aug 2023 to Jul 2026. Oil output rose 180% over the last 12 months. 19,342 bbl in the 12 months through Jul 2026, against 6,918 bbl in the 12 months before.Last 12 months: 19,342 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 180% over the last 12 monthsMonthly oil production and gas for MARTIN-MADISON, Aug 2023 to Jul 2026. Oil output rose 180% over the last 12 months. 19,342 bbl in the 12 months through Jul 2026, against 6,918 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of MARTIN-MADISON gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of MARTIN-MADISON gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeHannathon Petroleum, LLC, Jan 2020 to Dec 2024; Rafter T Resources LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Hannathon Petroleum, LLCJan 2020 to Dec 2024Rafter T Resources LLCJan 2025 to now
Operators of this lease over timeHannathon Petroleum, LLC, Jan 2020 to Dec 2024; Rafter T Resources LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Hannathon Petroleum, LLCJan 2020 to Dec 2024Rafter T Resources LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on MARTIN-MADISON
API numberWell no.Status
42-317-379221Active
42-317-379242Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dorado Oil CompanyOilGathers100Sep 1, 2025–
Energy Transfer CompanyCasinghead gasBuys100Jan 1, 2025–
Energy Transfer CompanyCasinghead gasGathers100Jan 1, 2025–
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021Sep 1, 2025
Wtg Gas Processing, L.p.Casinghead gasGathers100Sep 22, 2012Jan 1, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Jul 1, 2021Jan 1, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Sep 22, 2012Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Sep 22, 2012Jul 1, 2021

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

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160 acres on the newest permit

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Permits for Martin-Madison
API numberWell no.Acreson the permit
42-317-379221160
42-317-379242160

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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36 months, newest first

Ledger for MARTIN-MADISON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Rafter T5237043,2093,2090$80.46$2.89
Jun 2026Rafter T1,7061,7284,3594,3590$84.81$3.15
May 2026Rafter T1,7541,7576,0656,0650$102.13$2.94
Apr 2026Rafter T2,0772,1217,0947,0940$100.32$2.77
Mar 2026Rafter T2,1061,9536,1686,1680$91.38$3.04
Feb 2026Rafter T2,1832,2816,7356,7350$64.51$3.62
Jan 2026Rafter T2,2052,2605,8205,8200$60.04$7.72
Dec 2025Rafter T2,4842,6457,3427,3420$57.97$4.26
Nov 2025Rafter T2,5562,3377,7637,7630$60.06$3.79
Oct 2025Rafter T8047155,8115,8110$60.89$3.19
Sep 2025Rafter T4635277,3637,3630$63.96$2.97
Aug 2025Rafter T4813485,6975,6970$64.86$2.91
Jul 2025Rafter T4635217,7257,7250$68.39$3.20
Jun 2025Rafter T4373516,3766,3760$68.17$3.02
May 2025Rafter T4985264,8394,8390$62.17$3.12
Apr 2025Rafter T5346783,8763,8760$63.54$3.42
Mar 2025Rafter T5165351,5521,5520$68.24$4.12
Feb 2025Rafter T3903512,4212,4210$71.53$4.19
Jan 2025Rafter T5195472,6122,6120$75.74$4.13
Dec 2024Hannathon Petroleum,5445392,1482,1480$70.12$3.01
Nov 2024Hannathon Petroleum,5615411,9801,9800$69.95$2.12
Oct 2024Hannathon Petroleum,7037201,0791,0790$71.99$2.20
Sep 2024Hannathon Petroleum,6957241,1511,1510$70.24$2.28
Aug 2024Hannathon Petroleum,1,0581,0471611610$76.68$1.99
Jul 2024Hannathon Petroleum,1,1971,2081,3441,3440$81.80$2.07
Jun 2024Hannathon Petroleum,1,2081,2116806800$79.77$2.54
May 2024Hannathon Petroleum,1,3261,3598118110$80.02$2.12
Apr 2024Hannathon Petroleum,6215183243240$85.35$1.60
Mar 2024Hannathon Petroleum,344337770$81.28$1.49
Feb 2024Hannathon Petroleum,375500000$77.25$1.72
Jan 2024Hannathon Petroleum,49950631310$74.15$3.18
Dec 2023Hannathon Petroleum,190558000$71.90$2.52
Nov 2023Hannathon Petroleum,2891864404400$77.69$2.71
Oct 2023Hannathon Petroleum,3483634584580$85.64$2.98
Sep 2023Hannathon Petroleum,1,2801,5152,7192,7190$89.43$2.64
Aug 2023Hannathon Petroleum,1,3591,4422112110$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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This lease belongs to

OperatorRafter T Resources LLCFieldSpraberry (Trend Area)CountyMartin County

Rafter T Resources LLC in Martin County

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Spraberry (Trend Area) field

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