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Texas oil lease

Producing

BASHARA, J. M.

Bashara, J. M. is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone (Consolidated) field.

1 well

2,869bbl oil, last 12 months+27% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone (Consolidated)
RRC lease
08-46979

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
726 mcf
Oil in Jul 2026
254 bbl

Production by month

Oil output rose 27% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 27% over the last 12 monthsMonthly oil production and gas for BASHARA, J. M., Aug 2023 to Jul 2026. Oil output rose 27% over the last 12 months. 2,869 bbl in the 12 months through Jul 2026, against 2,263 bbl in the 12 months before.Last 12 months: 2,869 bblbbl per monthmcf per month0010050200100300150400200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 27% over the last 12 monthsMonthly oil production and gas for BASHARA, J. M., Aug 2023 to Jul 2026. Oil output rose 27% over the last 12 months. 2,869 bbl in the 12 months through Jul 2026, against 2,263 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of BASHARA, J. M. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of BASHARA, J. M. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in May 2024

Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to May 2021; Saddleback Exploration, LLC, Jun 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Jun 2021Changed May 2024Blackbeard Operating, LLCJan 2020 to May 2021Saddleback Exploration, LLCJun 2021 to Apr 2024Formentera Operations LLCMay 2024 to now
Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to May 2021; Saddleback Exploration, LLC, Jun 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Jun 2021Changed May 2024Blackbeard Operating, LLCJan 2020 to May 2021Saddleback Exploration, LLCJun 2021 to Apr 2024Formentera Operations LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on BASHARA, J. M.
API numberWell no.Status
42-495-051864Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Dec 21, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Dec 21, 2022–
Etc Texas P/L, LTDCasinghead gasBuys100Dec 21, 2022Oct 1, 2023
Energy Transfer CompanyCasinghead gasGathers50May 1, 2018Dec 21, 2022
Targa Midstream Services LLCCasinghead gasGathers50May 1, 2018Dec 21, 2022
Etc Texas P/L, LTDCasinghead gasBuys50Apr 13, 2022Dec 21, 2022
Targa Midstream Services LLCCasinghead gasBuys50May 1, 2018Dec 21, 2022
Eastex Crude CompanyOilGathers100Jun 1, 2021Dec 21, 2022

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

Who buys my oilOil price check

What the drilling permits say

Permits for Bashara, J. M.
API numberWell no.Acreson the permit
42-495-051864–

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for BASHARA, J. M.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations254354000$80.46$2.89
Jun 2026Formentera Operations160122000$84.81$3.15
May 2026Formentera Operations215243000$102.13$2.94
Apr 2026Formentera Operations301243000$100.32$2.77
Mar 2026Formentera Operations24424339390$91.38$3.04
Feb 2026Formentera Operations2672441331330$64.51$3.62
Jan 2026Formentera Operations20836896960$60.04$7.72
Dec 2025Formentera Operations2551251211210$57.97$4.26
Nov 2025Formentera Operations24224496960$60.06$3.79
Oct 2025Formentera Operations26424599990$60.89$3.19
Sep 2025Formentera Operations24124282820$63.96$2.97
Aug 2025Formentera Operations21823460600$64.86$2.91
Jul 2025Formentera Operations2462331191190$68.39$3.20
Jun 2025Formentera Operations2212321411410$68.17$3.02
May 2025Formentera Operations2412871211210$62.17$3.12
Apr 2025Formentera Operations16010616160$63.54$3.42
Mar 2025Formentera Operations212213000$68.24$4.12
Feb 2025Formentera Operations179213000$71.53$4.19
Jan 2025Formentera Operations19321285850$75.74$4.13
Dec 2024Formentera Operations19810513130$70.12$3.01
Nov 2024Formentera Operations20221172720$69.95$2.12
Oct 2024Formentera Operations20231640400$71.99$2.20
Sep 2024Formentera Operations17497000$70.24$2.28
Aug 2024Formentera Operations350000$76.68$1.99
Jul 2024Formentera Operations460000$81.80$2.07
Jun 2024Formentera Operations224276000$79.77$2.54
May 2024Formentera Operations173184110$80.02$2.12
Apr 2024Saddleback Exploration,131134000$85.35$1.60
Mar 2024Saddleback Exploration,163183000$81.28$1.49
Feb 2024Saddleback Exploration,16699000$77.25$1.72
Jan 2024Saddleback Exploration,18128058580$74.15$3.18
Dec 2023Saddleback Exploration,158911011010$71.90$2.52
Nov 2023Saddleback Exploration,18818375750$77.69$2.71
Oct 2023Saddleback Exploration,16619277770$85.64$2.98
Sep 2023Saddleback Exploration,1801851371370$89.43$2.64
Aug 2023Saddleback Exploration,92971401400$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorFormentera Operations LLCFieldKeystone (Consolidated)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone (Consolidated) field

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