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Royalty Clerk

Texas gas well

Producing

FAXEL

Faxel is a gas well in Parker County, Texas, operated by Formentera Operations LLC in the Newark, East (Barnett Shale) field.

1 well

9,162mcf gas, last 12 months−52% vs prior year
Operator
Formentera Operations LLC
County
Parker County
Field
Newark, East (Barnett Shale)
RRC lease
09-257705

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Where it sits

This county

Parker CountyParkerWiseJackHoodPalo PintoTarrantJohnsonDentonParker County
Parker County
Oil, last 12 months
1 bbl
Gas in Jul 2026
678 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Formentera Operations LLC took over from Javelin Energy Partners Mgmt LLC in Dec 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Gas output fell 52% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 52% over the last 12 monthsMonthly gas production and oil for FAXEL, Aug 2023 to Jul 2026. Gas output fell 52% over the last 12 months. 9,162 mcf in the 12 months through Jul 2026, against 18,968 mcf in the 12 months before.Last 12 months: 9,162 mcfmcf per monthbbl per month001,00052,000103,000154,000205,00025Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 52% over the last 12 monthsMonthly gas production and oil for FAXEL, Aug 2023 to Jul 2026. Gas output fell 52% over the last 12 months. 9,162 mcf in the 12 months through Jul 2026, against 18,968 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month001,00052,000103,000154,000205,00025Jan 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 FAXEL 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 FAXEL 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 3 times, most recently in Dec 2025

Operators of this lease over timeFDL Operating, LLC, Jan 2020 to Dec 2021; Venado Operating Company LLC, Jan 2022 to Mar 2022; Javelin Energy Partners Mgmt LLC, Apr 2022 to Nov 2025; Formentera Operations LLC, Dec 2025 to Jul 20262020202120222023202420252026Changed Jan 2022Changed Apr 2022Changed Dec 2025FDL Operating, LLCJan 2020 to Dec 2021Venado Operating Company LLCJan 2022 to Mar 2022Javelin Energy Partners Mgmt…Apr 2022 to Nov 2025Formentera Operations LLCDec 2025 to now
Operators of this lease over timeFDL Operating, LLC, Jan 2020 to Dec 2021; Venado Operating Company LLC, Jan 2022 to Mar 2022; Javelin Energy Partners Mgmt LLC, Apr 2022 to Nov 2025; Formentera Operations LLC, Dec 2025 to Jul 20262020202120222023202420252026Changed Jan 2022Changed Apr 2022Changed Dec 2025FDL Operating, LLCJan 2020 to Dec 2021Venado Operating Company LLCJan 2022 to Mar 2022Javelin Energy Partners Mgmt LLCApr 2022 to Nov 2025Formentera Operations LLCDec 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on FAXEL
API numberWell no.Status
42-367-350395Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCCondensateGathers100Jan 1, 2024–
Javelin Marketing, LLCGas-well gasBuys100Nov 1, 2023–
Enlink Midstream Services, LLCGas-well gasGathers100Nov 1, 2023–
Ptt Premier Trading and Tran LLCCondensateGathers100Nov 1, 2023Jan 1, 2024
Gulfmark Energy, Inc.CondensateGathers100Oct 1, 2018Nov 1, 2023
Enlink North Texas Gathering, LPGas-well gasGathers100Aug 1, 2014Nov 1, 2023
Devon Gas Services, L.p.Gas-well gasBuys100Mar 20, 2010Nov 1, 2023

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

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641.83 acres on the newest permit

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Permits for Faxel
API numberWell no.Acreson the permit
42-367-350395641.83

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

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36 months, newest first

Ledger for FAXEL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations006786780$80.46$2.89
Jun 2026Formentera Operations008498490$84.81$3.15
May 2026Formentera Operations011,0281,0280$102.13$2.94
Apr 2026Formentera Operations001,0311,0310$100.32$2.77
Mar 2026Formentera Operations001,1771,1770$91.38$3.04
Feb 2026Formentera Operations00000$64.51$3.62
Jan 2026Formentera Operations004404400$60.04$7.72
Dec 2025Formentera Operations111,2261,2260$57.97$4.26
Nov 2025Javelin Energy009949940$60.06$3.79
Oct 2025Javelin Energy008988980$60.89$3.19
Sep 2025Javelin Energy00000$63.96$2.97
Aug 2025Javelin Energy008418410$64.86$2.91
Jul 2025Javelin Energy001,3091,3090$68.39$3.20
Jun 2025Javelin Energy338688680$68.17$3.02
May 2025Javelin Energy221,2191,2190$62.17$3.12
Apr 2025Javelin Energy331,9041,9040$63.54$3.42
Mar 2025Javelin Energy221,8901,8900$68.24$4.12
Feb 2025Javelin Energy331,7061,7060$71.53$4.19
Jan 2025Javelin Energy21212,4192,4190$75.74$4.13
Dec 2024Javelin Energy442,5982,5980$70.12$3.01
Nov 2024Javelin Energy112,4812,4810$69.95$2.12
Oct 2024Javelin Energy556306300$71.99$2.20
Sep 2024Javelin Energy001,2321,2320$70.24$2.28
Aug 2024Javelin Energy007127120$76.68$1.99
Jul 2024Javelin Energy1119000$81.80$2.07
Jun 2024Javelin Energy6127047040$79.77$2.54
May 2024Javelin Energy704834830$80.02$2.12
Apr 2024Javelin Energy001,9821,9820$85.35$1.60
Mar 2024Javelin Energy226456450$81.28$1.49
Feb 2024Javelin Energy221,9091,9090$77.25$1.72
Jan 2024Javelin Energy001,7251,7250$74.15$3.18
Dec 2023Javelin Energy002,8662,8660$71.90$2.52
Nov 2023Javelin Energy223,2993,2990$77.69$2.71
Oct 2023Javelin Energy331,1281,1280$85.64$2.98
Sep 2023Javelin Energy222,4902,4900$89.43$2.64
Aug 2023Javelin Energy002,2762,2760$81.39$2.58

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

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This lease belongs to

OperatorFormentera Operations LLCFieldNewark, East (Barnett Shale)CountyParker County

Formentera Operations LLC in Parker County

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Newark, East (Barnett Shale) field

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