WADE, CULLIS ESTATE GAS UNIT
WADE, CULLIS ESTATE GAS UNIT is a Texas gas lease in Upshur County, Railroad Commission district 06, operated by Verado Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 577,756 thousand cubic feet. 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 $24K, with roughly $6K 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 369 thousand cubic feet a month. Its strongest month on the record we hold was July 2024, at 3,294 thousand cubic feet. 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, CULLIS ESTATE GAS UNIT
- Who operates WADE, CULLIS ESTATE GAS UNIT?
- WADE, CULLIS ESTATE GAS UNIT is operated by Verado Energy, Inc., Railroad Commission of Texas operator number 884563.
- Where is WADE, CULLIS ESTATE GAS UNIT?
- WADE, CULLIS ESTATE GAS UNIT is a Texas gas lease in Upshur County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 079581.
- Is WADE, CULLIS ESTATE GAS UNIT still producing?
- WADE, CULLIS ESTATE GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADE, CULLIS ESTATE GAS UNIT is August 2026.
- How much has WADE, CULLIS ESTATE GAS UNIT produced?
- WADE, CULLIS ESTATE GAS UNIT has reported 577,756 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WADE, CULLIS ESTATE GAS UNIT worth?
- The remaining production from WADE, CULLIS ESTATE GAS UNIT is estimated to be worth about $24K in total as of 27 August 2026, within a range of $19K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADE, CULLIS ESTATE GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WADE, CULLIS ESTATE GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WADE, CULLIS ESTATE GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WADE, CULLIS ESTATE GAS UNIT generate in a year?
- WADE, CULLIS ESTATE GAS UNIT is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADE, CULLIS ESTATE GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Verado Energy, Inc. |
|---|---|
| Field | Rosewood (Cotton Valley) |
| County | Upshur County, Texas |
| RRC district | 06 |
| Lease number | 079581 |
| Wellbores | 1 |
| Reported production | 577,756 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $24K |
Where WADE, CULLIS ESTATE GAS UNIT 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.