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Texas oil lease

Producing

MADISON 35-26-F

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

1 well

119,212bbl oil, since Dec 2025
Operator
Cutbow Operating, LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-64461

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, since Dec 2025
229,541 mcf
Oil in Jul 2026
7,032 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 fell 63% since Dec 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 63% since Dec 2025Monthly oil production and gas for MADISON 35-26-F, Dec 2025 to Jul 2026. Oil output fell 63% since Dec 2025. Monthly average of 8,394 bbl in the latest 3 months, against 22,645 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kOct 25Jan 26AprJul
Oil output fell 63% since Dec 2025Monthly oil production and gas for MADISON 35-26-F, Dec 2025 to Jul 2026. Oil output fell 63% since Dec 2025. Monthly average of 8,394 bbl in the latest 3 months, against 22,645 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kJan 26Jul

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

All of the gas went to a processing plant in the 8 months reportedShare of MADISON 35-26-F 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-F 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, through Jul 2026.

1 well on this lease

Wells on MADISON 35-26-F
API numberWell no.Status
42-317-4655113WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Transfer CompanyOilGathers100Dec 4, 2025
Energy Transfer CompanyCasinghead gasBuys100Dec 4, 2025
Energy Transfer CompanyCasinghead gasGathers100Dec 4, 2025

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

Who buys my oilOil 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-F
API numberWell no.Acreson the permit
42-317-4655113WA483.91

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-F
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267,0327,03219,39719,3970$80.46$2.89
Jun 20268,1578,15723,42923,4290$84.81$3.15
May 20269,9929,99227,71427,7140$102.13$2.94
Apr 202611,32411,32429,86329,8630$100.32$2.77
Mar 202614,77214,77235,02035,0200$91.38$3.04
Feb 202617,83917,83932,18232,1820$64.51$3.62
Jan 202623,05323,05335,12935,1290$60.04$7.72
Dec 202527,04326,99326,80726,8070$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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Nearby

This lease belongs to

OperatorCutbow Operating, LLCFieldSpraberry (Trend Area)CountyMartin County

Cutbow Operating, LLC in Martin County

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Spraberry (Trend Area) field

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