TREADAWAY
TREADAWAY is a Texas gas lease in Gregg County, Railroad Commission district 06, operated by Wagner & Brown, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from February 2002 to August 2026, totalling 1,107,007 thousand cubic feet. 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 $266K, with roughly $42K 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 1,733 thousand cubic feet a month. Its strongest month on the record we hold was December 2020, at 3,623 thousand cubic feet. 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 TREADAWAY
- Who operates TREADAWAY?
- TREADAWAY is operated by Wagner & Brown, Ltd., Railroad Commission of Texas operator number 891075.
- Where is TREADAWAY?
- TREADAWAY is a Texas gas lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 188759.
- Is TREADAWAY still producing?
- TREADAWAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TREADAWAY is August 2026.
- How much has TREADAWAY produced?
- TREADAWAY has reported 1,107,007 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2002 and August 2026, from 1 wellbore.
- How much is TREADAWAY worth?
- The remaining production from TREADAWAY is estimated to be worth about $266K in total as of 27 August 2026, within a range of $221K to $312K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TREADAWAY is a fraction of it. The estimate fits an Arps decline curve to the production TREADAWAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TREADAWAY is an estimate of value, not an offer and not an appraisal.
- How much income does TREADAWAY generate in a year?
- TREADAWAY is forecast to net about $42K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TREADAWAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wagner & Brown, Ltd. |
|---|---|
| Field | Willow Springs (Cotton Valley,W) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 188759 |
| Wellbores | 1 |
| Reported production | 1,107,007 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $266K |
Where TREADAWAY 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.