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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 49976

Producing

STATE-WALTON 'E'

State-Walton 'E' is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone (Consolidated) field. The Railroad Commission shows 5,884 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

5,884bbl oil, last 12 months+3% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone (Consolidated)
RRC lease
08-49976

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County · RRC district 08Open Winkler County →
Gas, last 12 months
19,335 mcf
Oil in Jul 2026
288 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output rose 3% over the last 12 months

5,884 bbl in the 12 months through Jul 2026, against 5,694 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 3% over the last 12 monthsMonthly oil production and gas for STATE-WALTON 'E', Aug 2023 to Jul 2026. Oil output rose 3% over the last 12 months. 5,884 bbl in the 12 months through Jul 2026, against 5,694 bbl in the 12 months before.Last 12 months: 5,884 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 3% over the last 12 monthsMonthly oil production and gas for STATE-WALTON 'E', Aug 2023 to Jul 2026. Oil output rose 3% over the last 12 months. 5,884 bbl in the 12 months through Jul 2026, against 5,694 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 49976, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of STATE-WALTON 'E' 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 STATE-WALTON 'E' 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, gas disposition by code, lease 49976, district 08. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed 2 times, most recently in May 2024

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

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, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 49976 in district 08. The API number is the state’s ID for a well.
Wells on STATE-WALTON 'E'
API numberWell no.Status
42-495-33882101Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 49976.

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says STATE-WALTON 'E' sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for STATE-WALTON 'E'
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Formentera Operations2883402232230$80.46$2.89
Jun 2026Formentera Operations311329000$84.81$3.15
May 2026Formentera Operations5624992662660$102.13$2.94
Apr 2026Formentera Operations5956565385380$100.32$2.77
Mar 2026Formentera Operations6576542,6672,6670$91.38$3.04
Feb 2026Formentera Operations5726582,3912,3910$64.51$3.62
Jan 2026Formentera Operations5204971,3901,3900$60.04$7.72
Dec 2025Formentera Operations6484962,8322,8320$57.97$4.26
Nov 2025Formentera Operations5916611,0571,0570$60.06$3.79
Oct 2025Formentera Operations5746662,9372,9370$60.89$3.19
Sep 2025Formentera Operations4783273,0003,0000$63.96$2.97
Aug 2025Formentera Operations881622,0342,0340$64.86$2.91
Jul 2025Formentera Operations206646640$68.39$3.20
Jun 2025Formentera Operations4194882,9742,9740$68.17$3.02
May 2025Formentera Operations4774903,7353,7350$62.17$3.12
Apr 2025Formentera Operations11301251250$63.54$3.42
Mar 2025Formentera Operations140328000$68.24$4.12
Feb 2025Formentera Operations562330000$71.53$4.19
Jan 2025Formentera Operations5906623,3813,3810$75.74$4.13
Dec 2024Formentera Operations6936652252250$70.12$3.01
Nov 2024Formentera Operations7147531,2741,2740$69.95$2.12
Oct 2024Formentera Operations7988206946940$71.99$2.20
Sep 2024Formentera Operations4844922,0222,0220$70.24$2.28
Aug 2024Formentera Operations7026537437430$76.68$1.99
Jul 2024Formentera Operations5464884774770$81.80$2.07
Jun 2024Formentera Operations7688182472470$79.77$2.54
May 2024Formentera Operations6847884,1864,1860$80.02$2.12
Apr 2024Saddleback Exploration,5124523123120$85.35$1.60
Mar 2024Saddleback Exploration,9079393,3973,3970$81.28$1.49
Feb 2024Saddleback Exploration,4691302,1562,1560$77.25$1.72
Jan 2024Saddleback Exploration,133331581580$74.15$3.18
Dec 2023Saddleback Exploration,6846304,1444,1440$71.90$2.52
Nov 2023Saddleback Exploration,7497931,4371,4370$77.69$2.71
Oct 2023Saddleback Exploration,7246562,4142,4140$85.64$2.98
Sep 2023Saddleback Exploration,6556243,6993,6990$89.43$2.64
Aug 2023Saddleback Exploration,1751591,9291,9290$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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This lease belongs to

OperatorFormentera Operations LLCFieldKeystone (Consolidated)CountyWinkler County

Formentera Operations LLC in Winkler County

All Formentera Operations LLC leases →

Keystone (Consolidated) field

All leases in this field →

New drilling permits in Winkler County

We do not have coordinates for this lease, so these are the newest permits in its county.

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 49976, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.