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Texas oil lease

Producing

MDJ CALDWELL

MDJ Caldwell is an oil lease in Pecos County, Texas, operated by Crescent Energy Operating, LLC in the Wolfbone (Trend Area) field.

9 wells

45,749bbl oil, last 12 months−20% vs prior year
RRC lease
08-46507

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
497,282 mcf
Oil in Jun 2026
2,510 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 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 fell 20% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for MDJ CALDWELL, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 41,327 bbl in the 12 months through Jul 2026, against 51,637 bbl in the 12 months before.Last 12 months: 41,327 bblbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for MDJ CALDWELL, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 41,327 bbl in the 12 months through Jul 2026, against 51,637 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

83% of the gas went to a transmission line in the last 12 months

Flaring peaked at 55.1% of the gas in Jun 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
83% of the gas went to a transmission line in the last 12 monthsShare of MDJ CALDWELL gas by disposition code each month, Aug 2023 to Jul 2026. 83% of the gas went to a transmission line in the last 12 months. Flaring peaked at 55.1% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 55.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
83% of the gas went to a transmission line in the last 12 monthsShare of MDJ CALDWELL gas by disposition code each month, Aug 2023 to Jul 2026. 83% of the gas went to a transmission line in the last 12 months. Flaring peaked at 55.1% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 55.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    83% · 412,678 mcf

  • Lease fuel (1)

    9.8% · 48,652 mcf

  • Flared (4)

    7.2% · 35,952 mcf

7.2% of the gas flared in the last 12 months. 8 months above 3%.

Who has run this lease

The operator changed 3 times, most recently in Jan 2026

Operators of this lease over timeOXY USA WTP LP, Jan 2020 to Jan 2021; Forge Energy Operating, LLC, Feb 2021 to Jun 2023; Vital Energy, Inc., Jul 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Feb 2021Changed Jul 2023Changed Jan 2026OXY USA WTP LPJan 2020 to Jan 2021Forge Energy Operating, LLCFeb 2021 to Jun 2023Vital Energy, Inc.Jul 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeOXY USA WTP LP, Jan 2020 to Jan 2021; Forge Energy Operating, LLC, Feb 2021 to Jun 2023; Vital Energy, Inc., Jul 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Feb 2021Changed Jul 2023Changed Jan 2026OXY USA WTP LPJan 2020 to Jan 2021Forge Energy Operating, LLCFeb 2021 to Jun 2023Vital Energy, Inc.Jul 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

9 wells on this lease

Wells on MDJ CALDWELL
API numberWell no.Status
42-371-39245C 21NHActive
42-371-392482HActive
42-371-39285F 24SHShut-in
42-371-39385M 11NHShut-in
42-371-39386N 15NHShut-in
42-371-39526C 23NHActive
42-371-39527C 13NHShut-in
42-371-39569H 12SHActive
42-371-39820C 15NHShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Jul 1, 2023–
Energy Transfer CompanyCasinghead gasBuys100Feb 1, 2021–
Energy Transfer CompanyCasinghead gasGathers100Feb 1, 2021–
Lion Oil Trading & Trans, LLCOilGathers100Feb 1, 2021Jul 1, 2023
Eagleclaw Midstream Ventures,llcCasinghead gasGathers20Feb 1, 2017Feb 1, 2021
Energy Transfer CompanyCasinghead gasGathers80Mar 1, 2016Feb 1, 2021
Eagleclaw Midstream Ventures,llcCasinghead gasBuys20Feb 1, 2017Feb 1, 2021
Energy Transfer CompanyCasinghead gasBuys80Mar 1, 2016Feb 1, 2021
Bridger Transportation, LLCOilGathers50Sep 1, 2017Feb 1, 2021

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

6,178 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 290.29 and 6,178 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    10 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 MDJ Caldwell
API numberWell no.Acreson the permit
42-371-39820C 15NH6,178
42-371-39569H 12SH6,178
42-371-39526C 23NH6,178
42-371-39527C 13NH6,178
42-371-39386N 15NH290.37
42-371-39385M 11NH290.29
42-371-39285F 24SH482.71
42-371-392482H486.16
42-371-39248M 25NH486.16
42-371-39245C 21NH652.06

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

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MDJ CALDWELL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy2,5102,38941,17016,74422,683$84.81$3.15
May 2026Crescent Energy3,1592,98235,56535,5650$102.13$2.94
Apr 2026Crescent Energy3,3903,46738,94132,7532,173$100.32$2.77
Mar 2026Crescent Energy4,0064,02543,65833,7255,817$91.38$3.04
Feb 2026Crescent Energy3,9814,17335,72230,0941,326$64.51$3.62
Jan 2026Crescent Energy4,1894,27249,41743,284270$60.04$7.72
Dec 2025Vital Energy,4,4694,23548,11941,514886$57.97$4.26
Nov 2025Vital Energy,3,4353,48943,60338,003326$60.06$3.79
Oct 2025Vital Energy,3,4963,83245,00639,370205$60.89$3.19
Sep 2025Vital Energy,4,3204,71541,14035,5571,067$63.96$2.97
Aug 2025Vital Energy,4,3724,09537,39932,709950$64.86$2.91
Jul 2025Vital Energy,4,4224,19337,54233,360249$68.39$3.20
Jun 2025Vital Energy,3,7633,90131,82828,42339$68.17$3.02
May 2025Vital Energy,4,0263,89731,88128,23863$62.17$3.12
Apr 2025Vital Energy,3,2443,03223,57319,5371,074$63.54$3.42
Mar 2025Vital Energy,3,9554,20826,21522,98340$68.24$4.12
Feb 2025Vital Energy,2,3982,41427,05422,66929$71.53$4.19
Jan 2025Vital Energy,3,3973,30837,36728,737854$75.74$4.13
Dec 2024Vital Energy,4,9815,50748,16138,504842$70.12$3.01
Nov 2024Vital Energy,4,6424,16652,78044,69425$69.95$2.12
Oct 2024Vital Energy,5,6285,69254,59545,743262$71.99$2.20
Sep 2024Vital Energy,5,8336,07951,00140,518299$70.24$2.28
Aug 2024Vital Energy,5,3485,00440,14231,68421$76.68$1.99
Jul 2024Vital Energy,5,6775,67437,02928,5361,054$81.80$2.07
Jun 2024Vital Energy,5,6355,72937,69028,3071,909$79.77$2.54
May 2024Vital Energy,6,0825,86638,26430,255935$80.02$2.12
Apr 2024Vital Energy,5,4275,97225,24320,6420$85.35$1.60
Mar 2024Vital Energy,5,0614,96419,50716,2030$81.28$1.49
Feb 2024Vital Energy,4,5424,58415,97513,2790$77.25$1.72
Jan 2024Vital Energy,5,4245,67436,27923,0708,140$74.15$3.18
Dec 2023Vital Energy,5,8926,19525,30721,3650$71.90$2.52
Nov 2023Vital Energy,4,7374,61920,10416,7410$77.69$2.71
Oct 2023Vital Energy,6,1355,44533,25228,1490$85.64$2.98
Sep 2023Vital Energy,6,0785,85435,04429,6170$89.43$2.64
Aug 2023Vital Energy,6,2206,48023,93118,4181,629$81.39$2.58

No report filed 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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