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Producing

FORMULA ONE 9-16-21

Formula One 9-16-21 is an oil lease in Howard County, Texas, operated by Bayswater Operating Company LLC in the Spraberry (Trend Area) field.

8 wells

135,398bbl oil, last 12 months+2% vs prior year
Operator
Bayswater Operating Company LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-56310

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
857,039 mcf
Oil in Jul 2026
8,644 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

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

See why checks stop on this lease

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for FORMULA ONE 9-16-21, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 135,398 bbl in the 12 months through Jul 2026, against 132,740 bbl in the 12 months before.Last 12 months: 135,398 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for FORMULA ONE 9-16-21, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 135,398 bbl in the 12 months through Jul 2026, against 132,740 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a transmission line in the last 12 months

Flaring peaked at 9.5% of the gas in Jun 2025.

  • Transmission line (2)
  • Flared (4)
98% of the gas went to a transmission line in the last 12 monthsShare of FORMULA ONE 9-16-21 gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 9.5% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 9.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a transmission line in the last 12 monthsShare of FORMULA ONE 9-16-21 gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 9.5% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Flared 9.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 840,609 mcf

  • Flared (4)

    1.9% · 16,430 mcf

1.9% of the gas flared in the last 12 months. 11 months above 3%.

8 wells on this lease

Wells on FORMULA ONE 9-16-21
API numberWell no.Status
42-227-40936H 1WBActive
42-227-41450H 1WAActive
42-227-41451H 1LSActive
42-227-41452H 2WBActive
42-227-41453H 2WAActive
42-227-41480H 2LSActive
42-227-41559H 3WBActive
42-227-41560H 3WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100May 20, 2021–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers100May 20, 2021Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys100May 20, 2021Aug 1, 2024

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

Who buys my oilOil price check

560 acres on the newest permit

  • Good to know

    8 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 Formula One 9-16-21
API numberWell no.Acreson the permit
42-227-41559H 3WB560
42-227-41560H 3WA560
42-227-41480H 2LS560
42-227-41450H 1WA560
42-227-41451H 1LS560
42-227-41452H 2WB560
42-227-41453H 2WA560
42-227-40936H 1WB560

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for FORMULA ONE 9-16-21
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268,6448,47961,53361,5330$80.46$2.89
Jun 202611,31811,26187,39687,3960$84.81$3.15
May 202612,51412,67791,85391,8530$102.13$2.94
Apr 202612,39812,22091,76091,7600$100.32$2.77
Mar 202614,26313,98592,19090,3181,872$91.38$3.04
Feb 202611,21911,34167,02563,2423,783$64.51$3.62
Jan 20267,5427,58052,06752,05611$60.04$7.72
Dec 20259,3089,18658,64458,6440$57.97$4.26
Nov 20257,1457,25340,95640,9560$60.06$3.79
Oct 202511,25411,38768,72668,7260$60.89$3.19
Sep 202516,22715,95880,64773,6756,972$63.96$2.97
Aug 202513,56613,42164,24260,4503,792$64.86$2.91
Jul 202511,17611,56151,83951,338501$68.39$3.20
Jun 202512,33112,55657,32551,9035,422$68.17$3.02
May 202513,89013,48964,08161,2552,826$62.17$3.12
Apr 202510,59810,16638,52838,407121$63.54$3.42
Mar 20255,5705,95324,37424,033341$68.24$4.12
Feb 20256,1455,88941,23741,2370$71.53$4.19
Jan 20259,4429,51159,61959,6190$75.74$4.13
Dec 202411,97412,22267,17266,378794$70.12$3.01
Nov 202412,37812,05761,89361,8858$69.95$2.12
Oct 202412,53612,77757,79552,6725,123$71.99$2.20
Sep 202411,96312,08158,34258,3420$70.24$2.28
Aug 202414,73714,38972,97572,407568$76.68$1.99
Jul 202414,11114,20567,97367,9667$81.80$2.07
Jun 202413,20713,27761,05760,837220$79.77$2.54
May 202414,56914,46157,73455,3992,335$80.02$2.12
Apr 202413,85513,92356,00353,2132,790$85.35$1.60
Mar 202415,65815,76569,55469,54014$81.28$1.49
Feb 202418,09818,05469,20867,7991,409$77.25$1.72
Jan 202420,40920,39776,03772,0034,034$74.15$3.18
Dec 202321,84321,84678,08077,99882$71.90$2.52
Nov 202323,35623,76878,95874,2484,710$77.69$2.71
Oct 202325,49425,04888,93888,9380$85.64$2.98
Sep 202326,66026,64785,76785,67988$89.43$2.64
Aug 202331,58631,56088,73485,0533,681$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

This lease belongs to

OperatorBayswater Operating Company LLCFieldSpraberry (Trend Area)CountyHoward County

Bayswater Operating Company LLC in Howard County

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Spraberry (Trend Area) field

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