WADE ESTATE
WADE ESTATE is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 8 wellbores on file with the Commission. Reported production runs from April 2011 to August 2026, totalling 320,907 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 $2.0M, with roughly $605K 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 953 barrels a month, about 119 per wellbore. Its strongest month on the record we hold was December 2016, at 2,308 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 WADE ESTATE
- Who operates WADE ESTATE?
- WADE ESTATE is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is WADE ESTATE?
- WADE ESTATE is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41101.
- Is WADE ESTATE still producing?
- WADE ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADE ESTATE is August 2026.
- How much has WADE ESTATE produced?
- WADE ESTATE has reported 320,907 barrels of oil (bbl) to the Railroad Commission of Texas between April 2011 and August 2026, from 8 wellbores.
- How much is WADE ESTATE worth?
- The remaining production from WADE ESTATE is estimated to be worth about $2.0M in total as of 27 August 2026, within a range of $1.6M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADE ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production WADE ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WADE ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does WADE ESTATE generate in a year?
- WADE ESTATE is forecast to net about $605K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADE ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 41101 |
| Wellbores | 8 |
| Reported production | 320,907 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where WADE ESTATE 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.