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Texas oil lease

Producing

BLUE ESTATE

Blue Estate is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Wheeler (Wolfcamp) field.

11 wells

3,604bbl oil, last 12 months−11% vs prior year
RRC lease
08-15745

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
19,441 mcf
Oil in Jul 2026
319 bbl

Production by month

Oil output fell 11% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for BLUE ESTATE, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 3,604 bbl in the 12 months through Jul 2026, against 4,049 bbl in the 12 months before.Last 12 months: 3,604 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for BLUE ESTATE, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 3,604 bbl in the 12 months through Jul 2026, against 4,049 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 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

Flaring peaked at 48.2% of the gas in May 2024.

  • Transmission line (2)
  • Flared (4)
All of the gas went to a transmission line in the last 12 monthsShare of BLUE ESTATE 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. Flaring peaked at 48.2% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 48.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of BLUE ESTATE 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. Flaring peaked at 48.2% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 48.2%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 Nov 2023

Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

11 wells on this lease

Wells on BLUE ESTATE
API numberWell no.Status
42-135-081208Active
42-135-088905Shut-in
42-135-088916Active
42-135-3558513Active
42-495-051874Active
42-495-051891Shut-in
42-495-051947Active
42-495-051963Shut-in
42-495-051972Shut-in
42-495-3105911Active
42-495-3218514Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100May 1, 2026–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Plains Marketing, L.p.OilGathers100Nov 1, 2022May 1, 2026
Eastex Crude CompanyOilGathers100May 1, 2022Nov 1, 2022
Rio Energy International, Inc.OilGathers100Aug 1, 2019May 1, 2022
Genesis Crude Oil, L.p.OilGathers100Jul 1, 2007Aug 1, 2019

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

490.02 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 490 and 490.02 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    15 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Blue Estate
API numberWell no.Acreson the permit
42-495-3218514490.02
42-135-3558513490.02
42-495-051972490.02
42-135-088916490.02
42-135-088905490.02
42-135-088905 U490.02
42-495-051874490.02
42-495-051874 U490.02
42-495-3105911490
42-495-051947490
42-495-051891490
42-135-081208–

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

Estimate your royalty

36 months, newest first

Ledger for BLUE ESTATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations319290000$80.46$2.89
Jun 2026Formentera Operations31278612120$84.81$3.15
May 2026Formentera Operations278832482480$102.13$2.94
Apr 2026Formentera Operations3992722,3382,3380$100.32$2.77
Mar 2026Formentera Operations2603201,2961,2960$91.38$3.04
Feb 2026Formentera Operations272401,4071,4070$64.51$3.62
Jan 2026Formentera Operations1863301,9701,9700$60.04$7.72
Dec 2025Formentera Operations2023322,0542,0540$57.97$4.26
Nov 2025Formentera Operations3953002,8402,8400$60.06$3.79
Oct 2025Formentera Operations3072362,4572,4570$60.89$3.19
Sep 2025Formentera Operations3793312,3252,3250$63.96$2.97
Aug 2025Formentera Operations2954782,4942,4940$64.86$2.91
Jul 2025Formentera Operations3402251,5621,5620$68.39$3.20
Jun 2025Formentera Operations3472222,0712,0710$68.17$3.02
May 2025Formentera Operations19226766660$62.17$3.12
Apr 2025Formentera Operations308337000$63.54$3.42
Mar 2025Formentera Operations185416770$68.24$4.12
Feb 2025Formentera Operations327186000$71.53$4.19
Jan 2025Formentera Operations376343000$75.74$4.13
Dec 2024Formentera Operations290272000$70.12$3.01
Nov 2024Formentera Operations3224023,1923,1920$69.95$2.12
Oct 2024Formentera Operations4494013,9623,9620$71.99$2.20
Sep 2024Formentera Operations4934243,6513,6510$70.24$2.28
Aug 2024Formentera Operations4203874,0803,0341,046$76.68$1.99
Jul 2024Formentera Operations4596104,0612,4941,567$81.80$2.07
Jun 2024Formentera Operations4955014,0663,223843$79.77$2.54
May 2024Formentera Operations4314434,2772,2172,060$80.02$2.12
Apr 2024Formentera Operations5485704,7004,041659$85.35$1.60
Mar 2024Formentera Operations6054424,9944,866128$81.28$1.49
Feb 2024Formentera Operations3995444,1083,894214$77.25$1.72
Jan 2024Formentera Operations6176054,8454,324521$74.15$3.18
Dec 2023Formentera Operations5485864,8514,303548$71.90$2.52
Nov 2023Formentera Operations5755064,8274,8270$77.69$2.71
Oct 2023Slant Operating,5924954,4583,513945$85.64$2.98
Sep 2023Slant Operating,6098014,4133,442971$89.43$2.64
Aug 2023Slant Operating,6875784,7823,804978$81.39$2.58

Flared above 3%

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

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Nearby

Formentera Operations LLC in Winkler County

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Wheeler (Wolfcamp) field

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