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Producing

STATE-WALTON A/C 2

State-Walton A/C 2 is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone (Colby) field.

28 wells

1,549bbl oil, last 12 months+9% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone (Colby)
RRC lease
08-03286

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
4,593 mcf
Oil in Jul 2026
135 bbl

Production by month

Oil output rose 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 9% over the last 12 monthsMonthly oil production and gas for STATE-WALTON A/C 2, Aug 2023 to Jul 2026. Oil output rose 9% over the last 12 months. 1,549 bbl in the 12 months through Jul 2026, against 1,426 bbl in the 12 months before.Last 12 months: 1,549 bblbbl per monthmcf per month00502501005001507502001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 9% over the last 12 monthsMonthly oil production and gas for STATE-WALTON A/C 2, Aug 2023 to Jul 2026. Oil output rose 9% over the last 12 months. 1,549 bbl in the 12 months through Jul 2026, against 1,426 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502501005001507502001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Apr 2025.

  • Transmission line (2)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of STATE-WALTON A/C 2 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of STATE-WALTON A/C 2 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 16 months above 3%.

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.

28 wells on this lease

Wells on STATE-WALTON A/C 2
API numberWell no.Status
42-495-0289929Active
42-495-0291516Active
42-495-0291718Shut-in
42-495-029251Active
42-495-029262Shut-in
42-495-0488238WActive
42-495-0488336 TShut-in
42-495-0489135WActive
42-495-0616123Active
42-495-1032656WActive
42-495-1032757Shut-in
42-495-1032858Active
42-495-1032959WActive
42-495-1033060WActive
42-495-1033161Active
42-495-1033262Shut-in
42-495-1033363WActive
42-495-1033464WActive
42-495-1033667Active
42-495-1033768WActive
42-495-1033869Active
42-495-1034172WActive
42-495-3007973Active
42-495-3012874Active
42-495-3207175Active
42-495-3211983Active
42-495-3212579Active
42-495-3324989Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Apr 13, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Apr 13, 2022–
Etc Texas P/L, LTDCasinghead gasBuys100Apr 13, 2022Oct 1, 2023
Energy Transfer CompanyCasinghead gasGathers50May 1, 2018Apr 13, 2022
Targa Midstream Services LLCCasinghead gasGathers50May 1, 2018Apr 13, 2022
Energy Transfer CompanyCasinghead gasBuys50May 1, 2018Apr 13, 2022
Targa Midstream Services LLCCasinghead gasBuys50May 1, 2018Apr 13, 2022
Eastex Crude CompanyOilGathers100Jun 1, 2021Apr 13, 2022

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

Who buys my oilOil price check

2,720 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 2,080 and 2,720 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    62 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.

Check your decimal on this lease
Permits for State-Walton A/C 2
API numberWell no.Acreson the permit
42-495-33249892,720
42-495-0292512,080
42-495-02899292,240
42-495-10338692,240
42-495-10336672,080
42-495-10340712,240
42-495-0292622,240
42-495-32125792,240
42-495-32119832,240
42-495-32071752,240
42-495-029056–
42-495-029089–

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

Unit decimal checker

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36 months, newest first

Ledger for STATE-WALTON A/C 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1351663560356$80.46$2.89
Jun 2026Formentera Operations851623390339$84.81$3.15
May 2026Formentera Operations1151663550355$102.13$2.94
Apr 2026Formentera Operations11103450345$100.32$2.77
Mar 2026Formentera Operations1751603850385$91.38$3.04
Feb 2026Formentera Operations1581663770377$64.51$3.62
Jan 2026Formentera Operations1271663760376$60.04$7.72
Dec 2025Formentera Operations1181684000400$57.97$4.26
Nov 2025Formentera Operations1741674080408$60.06$3.79
Oct 2025Formentera Operations1791544220422$60.89$3.19
Sep 2025Formentera Operations1071634080408$63.96$2.97
Aug 2025Formentera Operations6504220422$64.86$2.91
Jul 2025Formentera Operations801643860386$68.39$3.20
Jun 2025Formentera Operations1571644060406$68.17$3.02
May 2025Formentera Operations15504220422$62.17$3.12
Apr 2025Formentera Operations1041644080408$63.54$3.42
Mar 2025Formentera Operations89166000$68.24$4.12
Feb 2025Formentera Operations960000$71.53$4.19
Jan 2025Formentera Operations137165000$75.74$4.13
Dec 2024Formentera Operations132159000$70.12$3.01
Nov 2024Formentera Operations1340000$69.95$2.12
Oct 2024Formentera Operations114117000$71.99$2.20
Sep 2024Formentera Operations92169000$70.24$2.28
Aug 2024Formentera Operations136161000$76.68$1.99
Jul 2024Formentera Operations112162000$81.80$2.07
Jun 2024Formentera Operations1521702242240$79.77$2.54
May 2024Formentera Operations12506436430$80.02$2.12
Apr 2024Saddleback Exploration,861286066060$85.35$1.60
Mar 2024Saddleback Exploration,1431387897890$81.28$1.49
Feb 2024Saddleback Exploration,1691678548540$77.25$1.72
Jan 2024Saddleback Exploration,5703383380$74.15$3.18
Dec 2023Saddleback Exploration,431702602600$71.90$2.52
Nov 2023Saddleback Exploration,10805005000$77.69$2.71
Oct 2023Saddleback Exploration,1721736236230$85.64$2.98
Sep 2023Saddleback Exploration,1731658118110$89.43$2.64
Aug 2023Saddleback Exploration,1451587777770$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

OperatorFormentera Operations LLCFieldKeystone (Colby)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone (Colby) field

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