WADE, GAY -8-
WADE, GAY -8- is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Hallwood Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 36,061 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 $101K, with roughly $20K 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 24 barrels a month. Its strongest month on the record we hold was January 2017, at 132 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, GAY -8-
- Who operates WADE, GAY -8-?
- WADE, GAY -8- is operated by Hallwood Energy Corporation, Railroad Commission of Texas operator number 347225.
- Where is WADE, GAY -8-?
- WADE, GAY -8- is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 26636.
- Is WADE, GAY -8- still producing?
- WADE, GAY -8- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADE, GAY -8- is August 2026.
- How much has WADE, GAY -8- produced?
- WADE, GAY -8- has reported 36,061 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WADE, GAY -8- worth?
- The remaining production from WADE, GAY -8- is estimated to be worth about $101K in total as of 27 August 2026, within a range of $56K to $147K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADE, GAY -8- is a fraction of it. The estimate fits an Arps decline curve to the production WADE, GAY -8- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WADE, GAY -8- is an estimate of value, not an offer and not an appraisal.
- How much income does WADE, GAY -8- generate in a year?
- WADE, GAY -8- is forecast to net about $20K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADE, GAY -8- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hallwood Energy Corporation |
|---|---|
| Field | Breedlove, East (Spraberry) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 26636 |
| Wellbores | 1 |
| Reported production | 36,061 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $101K |
Where WADE, GAY -8- 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.