Skip to content
Royalty Clerk

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

14,253mcf gas, last 12 months+252% vs prior year
Operator
Varas Energy Operating Company,
County
Zapata County
Field
J J & J (Lobo)
RRC lease
04-116773

Is your check right?

Check my statement

Where it sits

This county

Zapata CountyZapataJim HoggZapata County
Zapata County
Oil, last 12 months
51 bbl
Gas in Jul 2026
1,103 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.

See why checks stop on this lease

Production by month

Gas output rose 252% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output rose 252% over the last 12 monthsMonthly gas production and oil for MARTINEZ, L., Aug 2023 to Jul 2026. Gas output rose 252% over the last 12 months. 14,253 mcf in the 12 months through Jul 2026, against 4,048 mcf in the 12 months before.Last 12 months: 14,253 mcfmcf per monthbbl per month0050031,00051,50082,000102,50013Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output rose 252% over the last 12 monthsMonthly gas production and oil for MARTINEZ, L., Aug 2023 to Jul 2026. Gas output rose 252% over the last 12 months. 14,253 mcf in the 12 months through Jul 2026, against 4,048 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0050031,00051,50082,000102,50013Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
95% 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. 95% 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
95% 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. 95% 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)

    95% · 13,490 mcf

  • Lease fuel (1)

    5.4% · 763 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
42-505-319533Active

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 acres on the newest permit

Check your decimal on this lease
Permits for Martinez, L.
API numberWell no.Acreson the permit
42-505-319533580

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for MARTINEZ, L.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Varas Energy1001,1039630$80.46$2.89
Jun 2026Varas Energy101,1611,0110$84.81$3.15
May 2026Varas Energy109568520$102.13$2.94
Apr 2026Varas Energy106446440$100.32$2.77
Mar 2026Varas Energy5231,1281,1280$91.38$3.04
Feb 2026Varas Energy208938930$64.51$3.62
Jan 2026Varas Energy1101,0169990$60.04$7.72
Dec 2025Varas Energy301,1501,1270$57.97$4.26
Nov 2025Varas Energy691,8151,7850$60.06$3.79
Oct 2025Varas Energy501,4201,3220$60.89$3.19
Sep 2025Varas Energy101,5431,4490$63.96$2.97
Aug 2025Varas Energy501,4241,3170$64.86$2.91
Jul 2025Varas Energy001,7371,6130$68.39$3.20
Jun 2025Varas Energy401,5821,4630$68.17$3.02
May 2025Varas Energy126105660$62.17$3.12
Apr 2025Varas Energy201191090$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 Operating11000$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 Operating001731320$89.43$2.64
Aug 2023Hugoton Operating002752000$81.39$2.58

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

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

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

Varas Energy Operating Company, in Zapata County

All Varas Energy Operating Company, leases →

J J & J (Lobo) field

All leases in this field →

Leases within 10 km

New drilling permits in Zapata County

Newest in the county: this lease has no coordinates.