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Texas oil lease

Producing

FAXEL

Faxel is an oil lease in Parker County, Texas, operated by Formentera Operations LLC in the Newark, East (Barnett Shale) field.

1 well

189bbl oil, last 12 months+6% vs prior year
Operator
Formentera Operations LLC
County
Parker County
Field
Newark, East (Barnett Shale)
RRC lease
09-30481

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Where it sits

This county

Parker CountyParkerWiseJackHoodPalo PintoTarrantJohnsonDentonParker County
Parker County
Gas, last 12 months
43,283 mcf
Oil in Jul 2026
5 bbl

Production by month

Oil output rose 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 6% over the last 12 monthsMonthly oil production and gas for FAXEL, Aug 2023 to Jul 2026. Oil output rose 6% over the last 12 months. 189 bbl in the 12 months through Jul 2026, against 179 bbl in the 12 months before.Last 12 months: 189 bblbbl per monthmcf per month00252,000504,000756,0001008,00012510kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 6% over the last 12 monthsMonthly oil production and gas for FAXEL, Aug 2023 to Jul 2026. Oil output rose 6% over the last 12 months. 189 bbl in the 12 months through Jul 2026, against 179 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00252,000504,000756,0001008,00012510kJan 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

  • Transmission line (2)
  • Lease fuel (1)
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
42-367-337082 HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jan 1, 2024–
Javelin Marketing, LLCCasinghead gasBuys100Nov 1, 2023–
Enlink Midstream Services, LLCCasinghead gasGathers100Nov 1, 2023–
Ptt Premier Trading and Tran LLCOilGathers100Nov 1, 2023Jan 1, 2024
Targa Midstream Services LLCCasinghead gasGathers100Jan 1, 2023Nov 1, 2023
Tenaska Marketing VenturesCasinghead gasBuys100Jan 1, 2023Nov 1, 2023
Eastex Crude Company, LLCOilGathers100Jan 1, 2023Nov 1, 2023
Midcoast Gathering (N Tx) L.p.Casinghead gasGathers100Oct 1, 2018Jan 1, 2023
Midcoast G & P (North Texas)l.p.Casinghead gasBuys100Oct 1, 2018Jan 1, 2023

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

Who buys my oilOil price check

641.02 acres on the newest permit

Permits for Faxel
API numberWell no.Acreson the permit
42-367-337082 H641.02

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for FAXEL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations504,0284,0280$80.46$2.89
Jun 2026Formentera Operations303,1643,1640$84.81$3.15
May 2026Formentera Operations48603,3733,3730$102.13$2.94
Apr 2026Formentera Operations602,8152,8150$100.32$2.77
Mar 2026Formentera Operations502,3942,3940$91.38$3.04
Feb 2026Formentera Operations5901,2191,2190$64.51$3.62
Jan 2026Formentera Operations004,1054,1050$60.04$7.72
Dec 2025Formentera Operations003,4873,4870$57.97$4.26
Nov 2025Javelin Energy003,5763,5760$60.06$3.79
Oct 2025Javelin Energy004,7184,7180$60.89$3.19
Sep 2025Javelin Energy0715,6425,6420$63.96$2.97
Aug 2025Javelin Energy6304,7624,7620$64.86$2.91
Jul 2025Javelin Energy004,0314,0310$68.39$3.20
Jun 2025Javelin Energy003,2883,2880$68.17$3.02
May 2025Javelin Energy703,8653,8650$62.17$3.12
Apr 2025Javelin Energy2524,2614,2610$63.54$3.42
Mar 2025Javelin Energy69644,4174,4170$68.24$4.12
Feb 2025Javelin Energy003,4053,1810$71.53$4.19
Jan 2025Javelin Energy004,7014,4530$75.74$4.13
Dec 2024Javelin Energy101525,2915,0430$70.12$3.01
Nov 2024Javelin Energy005,0974,8570$69.95$2.12
Oct 2024Javelin Energy005,4585,2100$71.99$2.20
Sep 2024Javelin Energy005,6655,4260$70.24$2.28
Aug 2024Javelin Energy005,8465,5990$76.68$1.99
Jul 2024Javelin Energy005,8145,5660$81.80$2.07
Jun 2024Javelin Energy37485,9305,6900$79.77$2.54
May 2024Javelin Energy006,4326,1840$80.02$2.12
Apr 2024Javelin Energy906,0685,8280$85.35$1.60
Mar 2024Javelin Energy0395,8235,5750$81.28$1.49
Feb 2024Javelin Energy1904,7134,4810$77.25$1.72
Jan 2024Javelin Energy004,7434,4950$74.15$3.18
Dec 2023Javelin Energy004,8444,5960$71.90$2.52
Nov 2023Javelin Energy2204,6924,4520$77.69$2.71
Oct 2023Javelin Energy004,5874,3410$85.64$2.98
Sep 2023Javelin Energy005,1614,9240$89.43$2.64
Aug 2023Javelin Energy005,8515,6030$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 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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