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KEYSTONE CATTLE COMPANY

Keystone Cattle Company is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone, SW. (San Andres) field.

2 wells

8,069bbl oil, last 12 months+15% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone, SW. (San Andres)
RRC lease
08-26628

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
34 mcf
Oil in Jul 2026
685 bbl

Production by month

Oil output rose 15% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 15% over the last 12 monthsMonthly oil production and gas for KEYSTONE CATTLE COMPANY, Aug 2023 to Jul 2026. Oil output rose 15% over the last 12 months. 8,069 bbl in the 12 months through Jul 2026, against 7,034 bbl in the 12 months before.Last 12 months: 8,069 bblbbl per monthmcf per month00200200400400600600800800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 15% over the last 12 monthsMonthly oil production and gas for KEYSTONE CATTLE COMPANY, Aug 2023 to Jul 2026. Oil output rose 15% over the last 12 months. 8,069 bbl in the 12 months through Jul 2026, against 7,034 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200200400400600600800800Jan 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 KEYSTONE CATTLE COMPANY 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 KEYSTONE CATTLE COMPANY 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.

2 wells on this lease

Wells on KEYSTONE CATTLE COMPANY
API numberWell no.Status
42-495-312693CActive
42-495-314086HShut-in

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

640 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 512 and 640 acres. Use the acres from your own division order for the well you are paid on.

  • 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 Keystone Cattle Company
API numberWell no.Acreson the permit
42-495-314086640
42-495-314086H640
42-495-314254512
42-495-312693C640

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

Unit decimal checker

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36 months, newest first

Ledger for KEYSTONE CATTLE COMPANY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations685826000$80.46$2.89
Jun 2026Formentera Operations710500000$84.81$3.15
May 2026Formentera Operations611672000$102.13$2.94
Apr 2026Formentera Operations736836000$100.32$2.77
Mar 2026Formentera Operations663673000$91.38$3.04
Feb 2026Formentera Operations655593000$64.51$3.62
Jan 2026Formentera Operations614850660$60.04$7.72
Dec 2025Formentera Operations66550726260$57.97$4.26
Nov 2025Formentera Operations693674220$60.06$3.79
Oct 2025Formentera Operations697672000$60.89$3.19
Sep 2025Formentera Operations683674000$63.96$2.97
Aug 2025Formentera Operations657670000$64.86$2.91
Jul 2025Formentera Operations314309000$68.39$3.20
Jun 2025Formentera Operations596668000$68.17$3.02
May 2025Formentera Operations659670000$62.17$3.12
Apr 2025Formentera Operations654502000$63.54$3.42
Mar 2025Formentera Operations711843000$68.24$4.12
Feb 2025Formentera Operations570505000$71.53$4.19
Jan 2025Formentera Operations6436781371370$75.74$4.13
Dec 2024Formentera Operations6346711041040$70.12$3.01
Nov 2024Formentera Operations6005591011010$69.95$2.12
Oct 2024Formentera Operations3685461661660$71.99$2.20
Sep 2024Formentera Operations7595373363360$70.24$2.28
Aug 2024Formentera Operations5265242572570$76.68$1.99
Jul 2024Formentera Operations5615101021020$81.80$2.07
Jun 2024Formentera Operations56351763630$79.77$2.54
May 2024Formentera Operations47361691910$80.02$2.12
Apr 2024Saddleback Exploration,449352000$85.35$1.60
Mar 2024Saddleback Exploration,6927933003000$81.28$1.49
Feb 2024Saddleback Exploration,6085345215210$77.25$1.72
Jan 2024Saddleback Exploration,7226585235230$74.15$3.18
Dec 2023Saddleback Exploration,6966595015010$71.90$2.52
Nov 2023Saddleback Exploration,60565683830$77.69$2.71
Oct 2023Saddleback Exploration,6556652642640$85.64$2.98
Sep 2023Saddleback Exploration,4953863163160$89.43$2.64
Aug 2023Saddleback Exploration,5505744624620$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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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldKeystone, SW. (San Andres)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone, SW. (San Andres) field

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