Texas oil lease

Producing

MADISON 35-26-D

Name: MADISON 35-26-D monthly oil and gas production, Martin County, Texas
Creator: Texas Railroad Commission

Madison 35-26-D is an oil lease in Martin County, Texas, operated by Cutbow Operating, LLC in the Spraberry (Trend Area) field.

1 well

113,236bbl oil, since Dec 2025

Operator: Cutbow Operating, LLC
County: Martin County
Field: Spraberry (Trend Area)
RRC lease: 08-64503

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Where it sits

This county

Martin County

Gas, since Dec 2025: 122,068 mcf
Oil in Jul 2026: 14,442 bbl

First check

Production started December 2025; the first check is due by about April 30, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output rose 80% since Dec 2025

Oil (bars)
Gas (line)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the 8 months reported

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MADISON 35-26-D
API number	Well no.	Status
42-317-46549	U 07MS	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Energy Transfer Company	Oil	Gathers	100	Dec 4, 2025
Energy Transfer Company	Casinghead gas	Buys	100	Dec 4, 2025
Energy Transfer Company	Casinghead gas	Gathers	100	Dec 4, 2025

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oil Oil price check

483.91 acres on the newest permit

Worth asking
An allocation well is on this lease
A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease

Permits for Madison 35-26-D
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-317-46549	U 07MS	Dec 13, 2024	Dec 4, 2025	483.91	Horizontal, allocation

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

8 months, newest first

Ledger for MADISON 35-26-D
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	14,442	14,442	25,079	25,079	$80.46	$2.89
Jun 2026	16,220	16,220	25,118	25,118	$84.81	$3.15
May 2026	17,737	17,737	23,469	23,469	$102.13	$2.94
Apr 2026	19,871	19,871	20,313	20,313	$100.32	$2.77
Mar 2026	18,014	18,014	12,286	12,286	$91.38	$3.04
Feb 2026	10,852	10,852	6,431	6,431	$64.51	$3.62
Jan 2026	7,622	7,622	3,875	3,875	$60.04	$7.72
Dec 2025	8,478	8,428	5,497	5,497	$57.97	$4.26

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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