WADDELL TR 3
WADDELL TR 3 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Southland Royalty Co.-Midland. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 265,515 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $3.1M, with roughly $756K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 1,067 barrels a month. Its strongest month on the record we hold was August 2016, at 1,785 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about WADDELL TR 3
- Who operates WADDELL TR 3?
- WADDELL TR 3 is operated by Southland Royalty Co.-Midland, Railroad Commission of Texas operator number 805625.
- Where is WADDELL TR 3?
- WADDELL TR 3 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 30985.
- Is WADDELL TR 3 still producing?
- WADDELL TR 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADDELL TR 3 is August 2026.
- How much has WADDELL TR 3 produced?
- WADDELL TR 3 has reported 265,515 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WADDELL TR 3 worth?
- The remaining production from WADDELL TR 3 is estimated to be worth about $3.1M in total as of 27 August 2026, within a range of $2.6M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADDELL TR 3 is a fraction of it. The estimate fits an Arps decline curve to the production WADDELL TR 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WADDELL TR 3 is an estimate of value, not an offer and not an appraisal.
- How much income does WADDELL TR 3 generate in a year?
- WADDELL TR 3 is forecast to net about $756K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADDELL TR 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southland Royalty Co.-Midland |
|---|---|
| Field | University Waddell (Waddell SD.) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 30985 |
| Wellbores | 1 |
| Reported production | 265,515 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where WADDELL TR 3 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.