Martha -18

Oil & Gas Property in Palo Pinto County, TX

Property Summary

Key data points for Martha -18

CountyPalo Pinto County, TX
OperatorJ-TEC PRODUCTION, LLC
Production DatesJul 2005 - Jan 2024
Total Oil Production59 BBLs
Total Gas Production154,044 MCF
Recent Oil Production0 BBLs in Dec 2023
Recent Gas Production205 MCF in Dec 2023
Wells on Property2

Our Valuation Estimates for Martha -18

ShaleAssessment

$604 *

MarketMultiple

$578 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Martha -18 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Martha -18
from Jul 2005 to Jan 2024

Wells on Martha -18

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-363-35371MARTHA -18- 1J-TEC PRODUCTION, LLCProducingPalo Pinto County, TX32.795628-98.338267
42-363-35374MARTHA -18- 2J-TEC PRODUCTION, LLCProducingPalo Pinto County, TX32.799542-98.334186

Leases included in Martha -18

Lease #Lease NameOperatorCountyMonthly Gas Prod.
7B-211356MARTHA -18- 2J-TEC PRODUCTION, LLCPalo Pinto County, TX
7B-211428MARTHA -18- 1J-TEC PRODUCTION, LLCPalo Pinto County, TX

Nearby Properties

These are the closest 20 properties to the Martha -18 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BeldingPalo Pinto County, TX0 BBLs0 MCFMay 2023
BonniePalo Pinto County, TX0 BBLs5,890 MCFJan 2024
Brackeen A.HPalo Pinto County, TX0 BBLs0 MCFAug 2020
CarterPalo Pinto County, TX1 BBLs231 MCFDec 2023
Carter Mattye LPalo Pinto County, TX0 BBLs338 MCFJan 2024
Cumming-Reagan 11Palo Pinto County, TX0 BBLs207 MCFJan 2024
Garland Bend UnitPalo Pinto County, TX0 BBLs64 MCFJan 2024
Jordan TomPalo Pinto County, TX0 BBLs85 MCFJan 2024
McMurrey M. H. DPalo Pinto County, TX0 BBLs172 MCFJan 2024
MercerPalo Pinto County, TX0 BBLs0 MCFJul 2017
MitchellPalo Pinto County, TX0 BBLs954 MCFJan 2024
Patterson E.WPalo Pinto County, TX0 BBLs82 MCFJan 2024
PearsonPalo Pinto County, TX1 BBLs17 MCFJan 2024
ReaganPalo Pinto County, TX0 BBLs322 MCFJan 2024
RhodesPalo Pinto County, TX0 BBLs486 MCFDec 2023
Tri State Leasing CorpPalo Pinto County, TX0 BBLs0 MCFMar 2020
WatsonPalo Pinto County, TX0 BBLs553 MCFJan 2024
WatsonPalo Pinto County, TX0 BBLs310 MCFJan 2024
WhartonPalo Pinto County, TX0 BBLs276 MCFJan 2024
YeatsPalo Pinto County, TX0 BBLs406 MCFJan 2024

Owners of Martha -18

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023J-TEC PRODUCTION LLCMARTHA -18- #2J-TEC PRODUCTI
2023MODESITT MARTHAMARTHA -18- #2J-TEC PRODUCTI
2023J-TEC PRODUCTION LLCMARTHA -18- #1J-TEC PRODUCTI
2023APEG PALO PINTO LPMARTHA -18- #2J-TEC PRODUCTI
2023MATNEY VAUGHN DMARTHA -18- #2J-TEC PRODUCTI

Oil & Gas Sales on Martha -18

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
7B-211356MARTHA -18- 2Nov 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Nov 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Oct 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Oct 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Sep 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Sep 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Aug 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Aug 2023COLT G & P (NORTH TEXAS) L.P.JW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Jul 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Jul 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Jun 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Jun 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2May 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1May 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Apr 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Apr 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Mar 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Mar 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Feb 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Feb 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Jan 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Jan 2023TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Dec 2022TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211428MARTHA -18- 1Dec 2022TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC
7B-211356MARTHA -18- 2Nov 2022TARGA MIDSTREAM SERVICES LLCJW OIL & GAS SERVICES, LLC