WADDELL
WADDELL is a Texas gas lease in Palo Pinto County, Railroad Commission district 7B, operated by Heart Land Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from March 1994 to August 2026, totalling 1,047,672 thousand cubic feet. The lease is intermittent. 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 $922, with roughly $116 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 51 thousand cubic feet a month. Its strongest month on the record we hold was October 2022, at 2,171 thousand cubic feet. 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 WADDELL
- Who operates WADDELL?
- WADDELL is operated by Heart Land Petroleum Corporation, Railroad Commission of Texas operator number 370452.
- Where is WADDELL?
- WADDELL is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 148786.
- Is WADDELL still producing?
- WADDELL is intermittent. The most recent month of production reported to the Railroad Commission of Texas for WADDELL is August 2026.
- How much has WADDELL produced?
- WADDELL has reported 1,047,672 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 1994 and August 2026, from 1 wellbore.
- How much is WADDELL worth?
- The remaining production from WADDELL is estimated to be worth about $922 in total as of 27 August 2026, within a range of $507 to $1K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADDELL is a fraction of it. The estimate fits an Arps decline curve to the production WADDELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WADDELL is an estimate of value, not an offer and not an appraisal.
- How much income does WADDELL generate in a year?
- WADDELL is forecast to net about $116 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADDELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Heart Land Petroleum Corporation |
|---|---|
| Field | Waddell Ranch (Congl) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 148786 |
| Wellbores | 1 |
| Reported production | 1,047,672 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $922 |
Where WADDELL 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.