WADE-MORGAN
WADE-MORGAN is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Bar-Mac Investments Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,657 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 $161K, with roughly $31K 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 40 barrels a month. Its strongest month on the record we hold was March 2023, at 122 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 WADE-MORGAN
- Who operates WADE-MORGAN?
- WADE-MORGAN is operated by Bar-Mac Investments Inc., Railroad Commission of Texas operator number 049767.
- Where is WADE-MORGAN?
- WADE-MORGAN is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 20414.
- Is WADE-MORGAN still producing?
- WADE-MORGAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADE-MORGAN is August 2026.
- How much has WADE-MORGAN produced?
- WADE-MORGAN has reported 21,657 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WADE-MORGAN worth?
- The remaining production from WADE-MORGAN is estimated to be worth about $161K in total as of 26 August 2026, within a range of $89K to $234K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADE-MORGAN is a fraction of it. The estimate fits an Arps decline curve to the production WADE-MORGAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WADE-MORGAN is an estimate of value, not an offer and not an appraisal.
- How much income does WADE-MORGAN generate in a year?
- WADE-MORGAN is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WADE-MORGAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bar-Mac Investments Inc. |
|---|---|
| Field | Hooker Creek (Navarro A) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 20414 |
| Wellbores | 1 |
| Reported production | 21,657 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $161K |
Where WADE-MORGAN 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.