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Texas oil lease

Producing

PRIMERO

Primero is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone (Wolfcamp) field.

1 well

6,855bbl oil, last 12 months−3% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone (Wolfcamp)
RRC lease
08-58149

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
152,441 mcf
Oil in Jul 2026
494 bbl

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 PRIMERO, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 6,855 bbl in the 12 months through Jul 2026, against 7,032 bbl in the 12 months before.Last 12 months: 6,855 bblbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for PRIMERO, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 6,855 bbl in the 12 months through Jul 2026, against 7,032 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a transmission line in the last 12 months

Flaring peaked at 78.0% of the gas in May 2026.

  • Transmission line (2)
  • Flared (4)
92% of the gas went to a transmission line in the last 12 monthsShare of PRIMERO gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 78.0% of the gas in May 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 78.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
92% of the gas went to a transmission line in the last 12 monthsShare of PRIMERO gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 78.0% of the gas in May 2026.Share of gas by disposition code0%50%100%Flared 78.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    92% · 142,279 mcf

  • Flared (4)

    7.6% · 11,739 mcf

7.6% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed once, most recently in May 2024

Operators of this lease over timeSaddleback Exploration, LLC, Oct 2022 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262023202420252026Changed May 2024Saddleback Exploration, LLCOct 2022 to Apr 2024Formentera Operations LLCMay 2024 to now
Operators of this lease over timeSaddleback Exploration, LLC, Oct 2022 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262023202420252026Changed May 2024Saddleback Exploration, LLCOct 2022 to Apr 2024Formentera Operations LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PRIMERO
API numberWell no.Status
42-495-346361HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Gibson Energy Marketing, LLCOilGathers98Dec 21, 2022–
Dorado Oil CompanyOilGathers1Dec 21, 2022–
Eastex Crude Company, LLCOilGathers1Dec 21, 2022–
Energy Transfer CompanyCasinghead gasBuys90Dec 21, 2022–
Dcp Operating Company, LPCasinghead gasBuys10Dec 21, 2022–
Energy Transfer CompanyCasinghead gasGathers90Dec 21, 2022–
Dcp Operating Company, LPCasinghead gasGathers10Dec 21, 2022–
Energy Transfer CompanyCasinghead gasGathers100Aug 4, 2022Dec 21, 2022
Energy Transfer CompanyCasinghead gasBuys100Aug 4, 2022Dec 21, 2022
Gibson Energy Marketing, LLCOilGathers100Aug 4, 2022Dec 21, 2022

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

Who buys my oilOil price check

241.80 acres on the newest permit

Permits for Primero
API numberWell no.Acreson the permit
42-495-346361H241.80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRIMERO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations4945763643586$80.46$2.89
Jun 2026Formentera Operations250000$84.81$3.15
May 2026Formentera Operations6536107,0271,5475,480$102.13$2.94
Apr 2026Formentera Operations81880627,91422,8025,112$100.32$2.77
Mar 2026Formentera Operations44543318,97317,8321,141$91.38$3.04
Feb 2026Formentera Operations36361324,36324,3630$64.51$3.62
Jan 2026Formentera Operations1,08392517,31817,3180$60.04$7.72
Dec 2025Formentera Operations76281318,69918,6990$57.97$4.26
Nov 2025Formentera Operations85173010,20610,2060$60.06$3.79
Oct 2025Formentera Operations88188411,29811,2980$60.89$3.19
Sep 2025Formentera Operations43929514,32914,3290$63.96$2.97
Aug 2025Formentera Operations4101,9501,9500$64.86$2.91
Jul 2025Formentera Operations291751,5771,5770$68.39$3.20
Jun 2025Formentera Operations45742017,79417,7940$68.17$3.02
May 2025Formentera Operations75574329,43429,4340$62.17$3.12
Apr 2025Formentera Operations56956719,32119,3210$63.54$3.42
Mar 2025Formentera Operations605766000$68.24$4.12
Feb 2025Formentera Operations613527000$71.53$4.19
Jan 2025Formentera Operations7179586,6626,6620$75.74$4.13
Dec 2024Formentera Operations86154017,72217,7220$70.12$3.01
Nov 2024Formentera Operations52161914,91814,9180$69.95$2.12
Oct 2024Formentera Operations53390611,54811,5480$71.99$2.20
Sep 2024Formentera Operations7826908,9318,9310$70.24$2.28
Aug 2024Formentera Operations59039011,01311,0130$76.68$1.99
Jul 2024Formentera Operations9186555975970$81.80$2.07
Jun 2024Formentera Operations82683315,00515,0050$79.77$2.54
May 2024Formentera Operations6678573,7933,7930$80.02$2.12
Apr 2024Saddleback Exploration,52957610,25210,2520$85.35$1.60
Mar 2024Saddleback Exploration,78957311,42111,4210$81.28$1.49
Feb 2024Saddleback Exploration,3245167,4557,4550$77.25$1.72
Jan 2024Saddleback Exploration,80273711,49911,4990$74.15$3.18
Dec 2023Saddleback Exploration,83788513,56213,5620$71.90$2.52
Nov 2023Saddleback Exploration,7066744,6624,6620$77.69$2.71
Oct 2023Saddleback Exploration,73872710,98410,9840$85.64$2.98
Sep 2023Saddleback Exploration,3463802,9842,9840$89.43$2.64
Aug 2023Saddleback Exploration,4794092,4562,4560$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldKeystone (Wolfcamp)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone (Wolfcamp) field

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