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Texas gas well

Producing

MARTINEZ, S. A

Martinez, S. A is a gas well in Zapata County, Texas, operated by Varas Energy Operating Company, in the Hundido (Lobo) field.

1 well

33,198mcf gas, last 12 months+999% vs prior year
Operator
Varas Energy Operating Company,
County
Zapata County
Field
Hundido (Lobo)
RRC lease
04-188026

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Where it sits

This county

Zapata CountyZapataJim HoggZapata County
Zapata County
Gas in Jul 2026
1,951 mcf
Reporting since
Jan 2020

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 rose 1,027% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output rose 1,027% over the last 12 monthsMonthly gas production for MARTINEZ, S. A, Aug 2023 to Jul 2026. Gas output rose 1,027% over the last 12 months. 33,198 mcf in the 12 months through Jul 2026, against 2,945 mcf in the 12 months before.Last 12 months: 33,198 mcfmcf per month02,0004,0006,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output rose 1,027% over the last 12 monthsMonthly gas production for MARTINEZ, S. A, Aug 2023 to Jul 2026. Gas output rose 1,027% over the last 12 months. 33,198 mcf in the 12 months through Jul 2026, against 2,945 mcf in the 12 months before.Last 12 monthsmcf per month02,0004,0006,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

90% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
90% of the gas went to a transmission line in the last 12 monthsShare of MARTINEZ, S. A gas by disposition code each month, Aug 2023 to Jul 2026. 90% 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
90% of the gas went to a transmission line in the last 12 monthsShare of MARTINEZ, S. A gas by disposition code each month, Aug 2023 to Jul 2026. 90% 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)

    90% · 29,892 mcf

  • Lease fuel (1)

    10.0% · 3,306 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, S. A
API numberWell no.Status
42-505-309983Active

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

282.82 acres on the newest permit

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Martinez, S. A
API numberWell no.Acreson the permit
42-505-309983282.82

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

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36 months, newest first

Ledger for MARTINEZ, S. A
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Varas Energy1,9511,7980$80.46$2.89
Jun 2026Varas Energy2,2802,1100$84.81$3.15
May 2026Varas Energy2,6412,4480$102.13$2.94
Apr 2026Varas Energy8737290$100.32$2.77
Mar 2026Varas Energy1,3041,0900$91.38$3.04
Feb 2026Varas Energy1,8451,5810$64.51$3.62
Jan 2026Varas Energy1,3551,0960$60.04$7.72
Dec 2025Varas Energy2,0741,8420$57.97$4.26
Nov 2025Varas Energy3,2872,9130$60.06$3.79
Oct 2025Varas Energy4,5414,0780$60.89$3.19
Sep 2025Varas Energy6,3385,8650$63.96$2.97
Aug 2025Varas Energy4,7094,3420$64.86$2.91
Jul 2025Varas Energy2,9452,6550$68.39$3.20
Jun 2025Varas Energy000$68.17$3.02
May 2025Varas Energy000$62.17$3.12
Apr 2025Varas Energy000$63.54$3.42
Mar 2025Varas Energy000$68.24$4.12
Feb 2025Varas Energy000$71.53$4.19
Jan 2025Varas Energy000$75.74$4.13
Dec 2024Hugoton Operating000$70.12$3.01
Nov 2024Hugoton Operating000$69.95$2.12
Oct 2024Hugoton Operating000$71.99$2.20
Sep 2024Hugoton Operating000$70.24$2.28
Aug 2024Hugoton Operating000$76.68$1.99
Jul 2024Hugoton Operating000$81.80$2.07
Jun 2024Hugoton Operating000$79.77$2.54
May 2024Hugoton Operating000$80.02$2.12
Apr 2024Hugoton Operating1,6671,3730$85.35$1.60
Mar 2024Hugoton Operating1,5941,3450$81.28$1.49
Feb 2024Hugoton Operating000$77.25$1.72
Jan 2024Hugoton Operating3472870$74.15$3.18
Dec 2023Hugoton Operating2,5822,0390$71.90$2.52
Nov 2023Hugoton Operating000$77.69$2.71
Oct 2023Hugoton Operating4923800$85.64$2.98
Sep 2023Hugoton Operating2,8802,3000$89.43$2.64
Aug 2023Hugoton Operating2,7232,2470$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,FieldHundido (Lobo)CountyZapata County

Varas Energy Operating Company, in Zapata County

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Hundido (Lobo) field

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