WADE, GAY
WADE, GAY is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Hallwood Energy Corporation. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 40,480 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 $164K, 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 38 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was September 2020, at 75 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
- Who operates WADE, GAY?
- WADE, GAY is operated by Hallwood Energy Corporation, Railroad Commission of Texas operator number 347225.
- Where is WADE, GAY?
- WADE, GAY is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 25775.
- Is WADE, GAY still producing?
- WADE, GAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADE, GAY is August 2026.
- How much has WADE, GAY produced?
- WADE, GAY has reported 40,480 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is WADE, GAY worth?
- The remaining production from WADE, GAY is estimated to be worth about $164K in total as of 27 August 2026, within a range of $90K to $237K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADE, GAY is a fraction of it. The estimate fits an Arps decline curve to the production WADE, GAY 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 is an estimate of value, not an offer and not an appraisal.
- How much income does WADE, GAY generate in a year?
- WADE, GAY is forecast to net about $31K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADE, GAY 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 | 25775 |
| Wellbores | 5 |
| Reported production | 40,480 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $164K |
Where WADE, GAY 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.