Skip to content
Royalty Clerk

Texas oil lease · RRC district 08 · Lease 64521

Producing

MADISON 35-26-E

Madison 35-26-E is an oil lease in Martin County, Texas, operated by Cutbow Operating, LLC in the Spraberry (Trend Area) field. The Railroad Commission shows 244,237 bbl of oil in the 8 months reported, Dec 2025 through Jul 2026.

Oil lease dossier · 1 well

244,237bbl oil, since Dec 2025
Operator
Cutbow Operating, LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-64521

Own a share of this lease?

Is your check right?

Upload a check stub or a phone photo. We compare every month with the state numbers on this page.

Check my statement

Free. No account needed. Two to four pages.

Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County · RRC district 08Open Martin County →
Gas, since Dec 2025
309,662 mcf
Oil in Jul 2026
22,908 bbl
Reporting to the state
since Dec 2025
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 18% since Dec 2025

Monthly average of 26,038 bbl in the latest 3 months, against 31,799 bbl in the first 3.

  • Oil (bars, left axis)
  • Gas (line, right axis)
Oil output fell 18% since Dec 2025Monthly oil production and gas for MADISON 35-26-E, Dec 2025 to Jul 2026. Oil output fell 18% since Dec 2025. Monthly average of 26,038 bbl in the latest 3 months, against 31,799 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kOct 25Jan 26AprJul
Oil output fell 18% since Dec 2025Monthly oil production and gas for MADISON 35-26-E, Dec 2025 to Jul 2026. Oil output fell 18% since Dec 2025. Monthly average of 26,038 bbl in the latest 3 months, against 31,799 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 64521, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a processing plant in the 8 months reportedShare of MADISON 35-26-E gas by disposition code each month, Dec 2025 to Jul 2026. All of the gas went to a processing plant in the 8 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Oct 25Jan 26AprJul
All of the gas went to a processing plant in the 8 months reportedShare of MADISON 35-26-E gas by disposition code each month, Dec 2025 to Jul 2026. All of the gas went to a processing plant in the 8 months reported. Share of gas by disposition code0%50%100%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 64521, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

None of the gas was flared in the 8 months reported.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Cutbow Operating, LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeCutbow Operating, LLC, Dec 2025 to Jul 20262026Cutbow Operating, LLCDec 2025 to nowthrough Jul 2026
Operators of this lease over timeCutbow Operating, LLC, Dec 2025 to Jul 20262026Cutbow Operating, LLCDec 2025 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 64521 in district 08. The API number is the state’s ID for a well.
Wells on MADISON 35-26-E
API numberWell no.Status
42-317-46550U 07LSActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 64521.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Energy Transfer Company gathers it.

    100% of it, on the list since Dec 4, 2025

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Dec 4, 2025 · Energy Transfer Company gathers it: 100% of it, on the list since Dec 4, 2025

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

483.91 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Dec 4, 2025
Latest permit
Dec 13, 2024

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.

Wells and acres on the permits for Madison 35-26-E
API numberWell no.Acreson the permit
42-317-46550U 07LS483.91

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says MADISON 35-26-E sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 8 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

8 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for MADISON 35-26-E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Cutbow Operating,22,90822,90840,10840,1080$80.46$2.89
Jun 2026Cutbow Operating,25,80925,80943,37943,3790$84.81$3.15
May 2026Cutbow Operating,29,39829,39844,88744,8870$102.13$2.94
Apr 2026Cutbow Operating,32,24132,24145,30045,3000$100.32$2.77
Mar 2026Cutbow Operating,38,48538,48548,51848,5180$91.38$3.04
Feb 2026Cutbow Operating,35,18135,18135,20135,2010$64.51$3.62
Jan 2026Cutbow Operating,28,82028,82025,27425,2740$60.04$7.72
Dec 2025Cutbow Operating,31,39531,34526,99526,9950$57.97$4.26

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

Check your statements

Do your checks match this lease?

Upload your statements for MADISON 35-26-E. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Cutbow Operating, LLC.

Check my statementTry a sample owner
  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

Walk the neighborhood

Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorCutbow Operating, LLCFieldSpraberry (Trend Area)CountyMartin County

Cutbow Operating, LLC in Martin County

All Cutbow Operating, LLC leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 64521, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.