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Texas gas well

Producing

MARTINEZ, M.

Martinez, M. is a gas well in Zapata County, Texas, operated by Varas Energy Operating Company, in the Pok - A - Dot (8600) field.

1 well

10,415mcf gas, last 12 months−42% vs prior year
Operator
Varas Energy Operating Company,
County
Zapata County
Field
Pok - A - Dot (8600)
RRC lease
04-136476

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Where it sits

This county

Zapata CountyZapataJim HoggZapata County
Zapata County
Oil, last 12 months
52 bbl
Gas in Jul 2026
997 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 Jun 1, 2026.

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

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Production by month

Gas output fell 42% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 42% over the last 12 monthsMonthly gas production and oil for MARTINEZ, M., Aug 2023 to Jul 2026. Gas output fell 42% over the last 12 months. 10,415 mcf in the 12 months through Jul 2026, against 17,832 mcf in the 12 months before.Last 12 months: 10,415 mcfmcf per monthbbl per month001,00052,000103,000154,000205,00025Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 42% over the last 12 monthsMonthly gas production and oil for MARTINEZ, M., Aug 2023 to Jul 2026. Gas output fell 42% over the last 12 months. 10,415 mcf in the 12 months through Jul 2026, against 17,832 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month001,00052,000103,000154,000205,00025Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Aug 2024 the lease's gas goes to a transmission line instead of lease fuel

  • Transmission line (2)
  • Lease fuel (1)
Since Aug 2024 the lease's gas goes to a transmission line instead of lease fuelShare of MARTINEZ, M. gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2024: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2024 the lease's gas goes to a transmission line instead of lease fuelShare of MARTINEZ, M. gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Aug 24: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 9,954 mcf

  • Lease fuel (1)

    4.4% · 461 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, M.
API numberWell no.Status
42-505-3271910Active

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 gasBuys100Jun 1, 2026–
Varas Energy Operating Company,Gas-well gasGathers100Jun 1, 2026–
Hugoton Operating Company, Inc.Gas-well gasGathers100Jun 1, 2021Jun 1, 2026
Dcp Operating Company, LPGas-well gasBuys100Dec 1, 2019Jun 1, 2026
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

1,053 acres on the newest permit

Check your decimal on this lease
Permits for Martinez, M.
API numberWell no.Acreson the permit
42-505-32719101,053

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, M.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Varas Energy909978710$80.46$2.89
Jun 2026Varas Energy005284600$84.81$3.15
May 2026Varas Energy109398370$102.13$2.94
Apr 2026Varas Energy208338330$100.32$2.77
Mar 2026Varas Energy5341,0351,0350$91.38$3.04
Feb 2026Varas Energy301,0561,0560$64.51$3.62
Jan 2026Varas Energy2502,4062,3650$60.04$7.72
Dec 2025Varas Energy203963880$57.97$4.26
Nov 2025Varas Energy1116816700$60.06$3.79
Oct 2025Varas Energy204794460$60.89$3.19
Sep 2025Varas Energy105124810$63.96$2.97
Aug 2025Varas Energy105535120$64.86$2.91
Jul 2025Varas Energy006626150$68.39$3.20
Jun 2025Varas Energy205615190$68.17$3.02
May 2025Varas Energy2306305850$62.17$3.12
Apr 2025Varas Energy906886280$63.54$3.42
Mar 2025Varas Energy8221,1461,0410$68.24$4.12
Feb 2025Varas Energy1101,6071,4580$71.53$4.19
Jan 2025Varas Energy901,3791,2400$75.74$4.13
Dec 2024Hugoton Operating12281,9111,7170$70.12$3.01
Nov 2024Hugoton Operating1502,0961,9000$69.95$2.12
Oct 2024Hugoton Operating801,9231,7650$71.99$2.20
Sep 2024Hugoton Operating2204,2283,8760$70.24$2.28
Aug 2024Hugoton Operating001,0019060$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 Operating00500$71.90$2.52
Nov 2023Hugoton Operating00000$77.69$2.71
Oct 2023Hugoton Operating009497160$85.64$2.98
Sep 2023Hugoton Operating005604270$89.43$2.64
Aug 2023Hugoton Operating004293120$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

OperatorVaras Energy Operating Company,FieldPok - A - Dot (8600)CountyZapata County

Varas Energy Operating Company, in Zapata County

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Pok - A - Dot (8600) field

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