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Texas gas well

Producing

MARTINEZ, L.

Martinez, L. is a gas well in Zapata County, Texas, operated by Varas Energy Operating Company, in the J J & J (Lobo) field.

1 well

4,019mcf gas, last 12 months−4% vs prior year
Operator
Varas Energy Operating Company,
County
Zapata County
Field
J J & J (Lobo)
RRC lease
04-114070

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Where it sits

This county

Zapata CountyZapataJim HoggZapata County
Zapata County
Oil, last 12 months
12 bbl
Gas in Jul 2026
227 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Varas Energy Operating Company, took over from Hugoton Operating Company, Inc. in Jan 2025.

  • Buyer

    Buyer changed: ENERGY TRANSFER COMPANY replaced DCP OPERATING COMPANY, LP as the buyer of this lease's gas from gas 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

Gas output fell 4% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 4% over the last 12 monthsMonthly gas production and oil for MARTINEZ, L., Aug 2023 to Jul 2026. Gas output fell 4% over the last 12 months. 4,019 mcf in the 12 months through Jul 2026, against 4,194 mcf in the 12 months before.Last 12 months: 4,019 mcfmcf per monthbbl per month0050011,00021,50032,0004Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 4% over the last 12 monthsMonthly gas production and oil for MARTINEZ, L., Aug 2023 to Jul 2026. Gas output fell 4% over the last 12 months. 4,019 mcf in the 12 months through Jul 2026, against 4,194 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0050011,00021,50032,0004Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
94% of the gas went to a transmission line in the last 12 monthsShare of MARTINEZ, L. gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of MARTINEZ, L. gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line 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.

  • Transmission line (2)

    94% · 3,764 mcf

  • Lease fuel (1)

    6.3% · 255 mcf

Who has run this lease

The operator changed 2 times, most recently in Jan 2025

Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Nov 2020; Hugoton Operating Company, Inc., Dec 2020 to Dec 2024; Varas Energy Operating Company,, Jan 2025 to Jul 20262020202120222023202420252026Changed Dec 2020Changed Jan 2025Blackbeard Operating, LLCJan 2020 to Nov 2020Hugoton Operating Company, In…Dec 2020 to Dec 2024Varas Energy Operating Compan…Jan 2025 to now
Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Nov 2020; Hugoton Operating Company, Inc., Dec 2020 to Dec 2024; Varas Energy Operating Company,, Jan 2025 to Jul 20262020202120222023202420252026Changed Dec 2020Changed Jan 2025Blackbeard Operating, LLCJan 2020 to Nov 2020Hugoton Operating Company, Inc.Dec 2020 to Dec 2024Varas Energy Operating Company,Jan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MARTINEZ, L.
API numberWell no.Status
42-505-318992Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer Marketing & TermCondensateGathers50Dec 1, 2022–
Gulfmark Energy, Inc.CondensateGathers50May 1, 2020–
Energy Transfer CompanyGas-well gasBuys100Jan 1, 2025–
Varas Energy Operating Company,Gas-well gasGathers100Jan 1, 2025–
Hugoton Operating Company, Inc.Gas-well gasGathers100Jun 1, 2021Jan 1, 2025
Dcp Operating Company, LPGas-well gasBuys100Dec 1, 2019Jan 1, 2025
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers50May 1, 2020Dec 1, 2022
Bluestone Natural Res. Ii, LLCGas-well gasGathers100Dec 1, 2019Jun 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers100Dec 1, 2019May 1, 2020
Flint Hills Resources, LPCondensateGathers100Jul 1, 2005Dec 1, 2019

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

Who buys my oilOil price check

580.43 acres on the newest permit

Check your decimal on this lease
Permits for Martinez, L.
API numberWell no.Acreson the permit
42-505-318992580.43

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

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Estimate your royalty

36 months, newest first

Ledger for MARTINEZ, L.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Varas Energy202271980$80.46$2.89
Jun 2026Varas Energy002692340$84.81$3.15
May 2026Varas Energy103433060$102.13$2.94
Apr 2026Varas Energy0081810$100.32$2.77
Mar 2026Varas Energy172472470$91.38$3.04
Feb 2026Varas Energy102052050$64.51$3.62
Jan 2026Varas Energy1097950$60.04$7.72
Dec 2025Varas Energy001251230$57.97$4.26
Nov 2025Varas Energy153443380$60.06$3.79
Oct 2025Varas Energy101981840$60.89$3.19
Sep 2025Varas Energy007577110$63.96$2.97
Aug 2025Varas Energy401,1261,0420$64.86$2.91
Jul 2025Varas Energy001,2311,1430$68.39$3.20
Jun 2025Varas Energy401,5051,3920$68.17$3.02
May 2025Varas Energy341,2451,1560$62.17$3.12
Apr 2025Varas Energy302131950$63.54$3.42
Mar 2025Varas Energy01000$68.24$4.12
Feb 2025Varas Energy00000$71.53$4.19
Jan 2025Varas Energy00000$75.74$4.13
Dec 2024Hugoton Operating00000$70.12$3.01
Nov 2024Hugoton Operating00000$69.95$2.12
Oct 2024Hugoton Operating00000$71.99$2.20
Sep 2024Hugoton Operating00000$70.24$2.28
Aug 2024Hugoton Operating00000$76.68$1.99
Jul 2024Hugoton Operating00000$81.80$2.07
Jun 2024Hugoton Operating00000$79.77$2.54
May 2024Hugoton Operating00000$80.02$2.12
Apr 2024Hugoton Operating00000$85.35$1.60
Mar 2024Hugoton Operating00000$81.28$1.49
Feb 2024Hugoton Operating00000$77.25$1.72
Jan 2024Hugoton Operating00000$74.15$3.18
Dec 2023Hugoton Operating00000$71.90$2.52
Nov 2023Hugoton Operating00000$77.69$2.71
Oct 2023Hugoton Operating00000$85.64$2.98
Sep 2023Hugoton Operating0063480$89.43$2.64
Aug 2023Hugoton Operating0096700$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

This lease belongs to

OperatorVaras Energy Operating Company,FieldJ J & J (Lobo)CountyZapata County

Varas Energy Operating Company, in Zapata County

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J J & J (Lobo) field

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