BADGER
BADGER is a Texas oil lease in Hutchinson County, Railroad Commission district 10, operated by Adobe Operating Company. It has 51 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 131,703 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 $516K, with roughly $97K 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 132 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was April 2019, at 485 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BADGER
- Who operates BADGER?
- BADGER is operated by Adobe Operating Company, Railroad Commission of Texas operator number 008391.
- Where is BADGER?
- BADGER is a Texas oil lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00906.
- Is BADGER still producing?
- BADGER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BADGER is August 2026.
- How much has BADGER produced?
- BADGER has reported 131,703 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 51 wellbores.
- How much is BADGER worth?
- The remaining production from BADGER is estimated to be worth about $516K in total as of 27 August 2026, within a range of $402K to $629K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BADGER is a fraction of it. The estimate fits an Arps decline curve to the production BADGER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BADGER is an estimate of value, not an offer and not an appraisal.
- How much income does BADGER generate in a year?
- BADGER is forecast to net about $97K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BADGER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Adobe Operating Company |
|---|---|
| Field | Panhandle Hutchinson County FLD. |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 00906 |
| Wellbores | 51 |
| Reported production | 131,703 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $516K |
Where BADGER 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.