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Texas gas well

Producing

MARTINEZ, MERCUIRO

Martinez, Mercuiro is a gas well in Zapata County, Texas, operated by Varas Energy Operating Company, in the Las Ovejas (Lobo) field.

1 well

2,628mcf gas, last 12 months−38% vs prior year
Operator
Varas Energy Operating Company,
County
Zapata County
Field
Las Ovejas (Lobo)
RRC lease
04-226745

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Where it sits

This county

Zapata CountyZapataJim HoggZapata County
Zapata County
Gas in Jul 2026
221 mcf
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Varas Energy Operating Company, took over from Bordertown Energy Resources, LLC in May 2026.

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

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Production by month

Gas output fell 38% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output fell 38% over the last 12 monthsMonthly gas production for MARTINEZ, MERCUIRO, Aug 2023 to Jul 2026. Gas output fell 38% over the last 12 months. 2,628 mcf in the 12 months through Jul 2026, against 4,265 mcf in the 12 months before.Last 12 months: 2,628 mcfmcf per month05001,0001,5002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 38% over the last 12 monthsMonthly gas production for MARTINEZ, MERCUIRO, Aug 2023 to Jul 2026. Gas output fell 38% over the last 12 months. 2,628 mcf in the 12 months through Jul 2026, against 4,265 mcf in the 12 months before.Last 12 monthsmcf per month05001,0001,5002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
99% of the gas went to a transmission line in the last 12 monthsShare of MARTINEZ, MERCUIRO gas by disposition code each month, Aug 2023 to Jul 2026. 99% 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
99% of the gas went to a transmission line in the last 12 monthsShare of MARTINEZ, MERCUIRO gas by disposition code each month, Aug 2023 to Jul 2026. 99% 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)

    99% · 3,072 mcf

  • Lease fuel (1)

    0.6% · 19 mcf

Who has run this lease

The operator changed 2 times, most recently in May 2026

Operators of this lease over timeWagner Oil Company, Jan 2020 to Dec 2023; Bordertown Energy Resources, LLC, Jan 2024 to Apr 2026; Varas Energy Operating Company,, May 2026 to Jul 20262020202120222023202420252026Changed Jan 2024Changed May 2026Wagner Oil CompanyJan 2020 to Dec 2023Bordertown Energy Resources,…Jan 2024 to Apr 2026Varas Energy Operating Compan…May 2026 to now
Operators of this lease over timeWagner Oil Company, Jan 2020 to Dec 2023; Bordertown Energy Resources, LLC, Jan 2024 to Apr 2026; Varas Energy Operating Company,, May 2026 to Jul 20262020202120222023202420252026Changed Jan 2024Changed May 2026Wagner Oil CompanyJan 2020 to Dec 2023Bordertown Energy Resources, LLCJan 2024 to Apr 2026Varas Energy Operating Company,May 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MARTINEZ, MERCUIRO
API numberWell no.Status
42-505-356924Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Kinder Morgan Tejas Pipeline LLCGas-well gasBuys100Jan 1, 2023–
Kinder Morgan Tejas Pipeline LLCGas-well gasGathers100Sep 1, 2007–
Wagner Oil CompanyGas-well gasBuys100Mar 6, 2007Jan 1, 2023

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

Who buys my oilOil price check

640 acres on the newest permit

Check your decimal on this lease
Permits for Martinez, Mercuiro
API numberWell no.Acreson the permit
42-505-356924640

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

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36 months, newest first

Ledger for MARTINEZ, MERCUIRO
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Varas Energy2212210$80.46$2.89
Jun 2026Varas Energy1841840$84.81$3.15
May 2026Varas Energy1711710$102.13$2.94
Apr 2026Bordertown Energy3883880$100.32$2.77
Mar 2026Bordertown Energy000$91.38$3.04
Feb 2026Bordertown Energy1311310$64.51$3.62
Jan 2026Bordertown Energy4364360$60.04$7.72
Dec 2025Bordertown Energy2212210$57.97$4.26
Nov 2025Bordertown Energy1891890$60.06$3.79
Oct 2025Bordertown Energy3423420$60.89$3.19
Sep 2025Bordertown Energy3453450$63.96$2.97
Aug 2025Bordertown Energy000$64.86$2.91
Jul 2025Bordertown Energy000$68.39$3.20
Jun 2025Bordertown Energy1381380$68.17$3.02
May 2025Bordertown Energy3253060$62.17$3.12
Apr 2025Bordertown Energy2772540$63.54$3.42
Mar 2025Bordertown Energy4203960$68.24$4.12
Feb 2025Bordertown Energy3703300$71.53$4.19
Jan 2025Bordertown Energy3913630$75.74$4.13
Dec 2024Bordertown Energy2952550$70.12$3.01
Nov 2024Bordertown Energy2742490$69.95$2.12
Oct 2024Bordertown Energy5294990$71.99$2.20
Sep 2024Bordertown Energy5595250$70.24$2.28
Aug 2024Bordertown Energy6876870$76.68$1.99
Jul 2024Bordertown Energy6386380$81.80$2.07
Jun 2024Bordertown Energy000$79.77$2.54
May 2024Bordertown Energy3282580$80.02$2.12
Apr 2024Bordertown Energy6596190$85.35$1.60
Mar 2024Bordertown Energy7206540$81.28$1.49
Feb 2024Bordertown Energy7467060$77.25$1.72
Jan 2024Bordertown Energy8628220$74.15$3.18
Dec 2023Wagner Oil1,5131,4540$71.90$2.52
Nov 2023Wagner Oil000$77.69$2.71
Oct 2023Wagner Oil000$85.64$2.98
Sep 2023Wagner Oil5545050$89.43$2.64
Aug 2023Wagner Oil1,0751,0230$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,FieldLas Ovejas (Lobo)CountyZapata County

Varas Energy Operating Company, in Zapata County

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Las Ovejas (Lobo) field

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