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Texas oil lease

Producing

WADDELL

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

30 wells

1,251bbl oil, last 12 months−34% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone (San Andres)
RRC lease
08-23120

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Oil in Jul 2026
108 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for WADDELL, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 1,251 bbl in the 12 months through Jul 2026, against 1,888 bbl in the 12 months before.Last 12 months: 1,251 bblbbl per monthmcf per month0010050200100300150400200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for WADDELL, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 1,251 bbl in the 12 months through Jul 2026, against 1,888 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200Jan 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 8 months reported

All of the gas went to a transmission line in the 8 months reportedShare of WADDELL gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 8 months reported.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 8 months reportedShare of WADDELL gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 8 months reported.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.

30 wells on this lease

Wells on WADDELL
API numberWell no.Status
42-495-012328Shut-in
42-495-0125096Active
42-495-01256102Active
42-495-01265111Shut-in
42-495-01266112Active
42-495-01307154Active
42-495-01330178Active
42-495-01331179Shut-in
42-495-01332180Active
42-495-01337185Shut-in
42-495-01339189Shut-in
42-495-01359210Shut-in
42-495-01360211Shut-in
42-495-01361212Shut-in
42-495-30398318Active
42-495-30399317Active
42-495-30400316Active
42-495-30419321Shut-in
42-495-30420319Shut-in
42-495-30421320Shut-in
42-495-30456327Shut-in
42-495-30457326Shut-in
42-495-30458328Shut-in
42-495-32272401Active
42-495-32346403Active
42-495-32347402Active
42-495-32361404Shut-in
42-495-32384405Shut-in
42-495-32385406Shut-in
42-495-32407407Shut-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

1,120 acres on the newest permit

The wells on this lease state different acreage

The permits state between 1,000 and 26,043 acres.

32 wells are listed on this lease

Permits for Waddell
API numberWell no.Acreson the permit
42-495-013391891,120
42-495-013612121,120
42-495-013321801,000
42-495-303983181,000
42-495-323464031,000
42-495-322724011,000
42-495-013071541,000
42-495-324074071,120
42-495-323844051,120
42-495-323854061,120
42-495-013311791,120
42-495-323614041,120

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

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36 months, newest first

Ledger for WADDELL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1080000$80.46$2.89
Jun 2026Formentera Operations105164000$84.81$3.15
May 2026Formentera Operations143166000$102.13$2.94
Apr 2026Formentera Operations147166000$100.32$2.77
Mar 2026Formentera Operations82166000$91.38$3.04
Feb 2026Formentera Operations910000$64.51$3.62
Jan 2026Formentera Operations86164000$60.04$7.72
Dec 2025Formentera Operations810000$57.97$4.26
Nov 2025Formentera Operations800000$60.06$3.79
Oct 2025Formentera Operations69169000$60.89$3.19
Sep 2025Formentera Operations100164000$63.96$2.97
Aug 2025Formentera Operations1590000$64.86$2.91
Jul 2025Formentera Operations204277000$68.39$3.20
Jun 2025Formentera Operations223164000$68.17$3.02
May 2025Formentera Operations143164000$62.17$3.12
Apr 2025Formentera Operations63415000$63.54$3.42
Mar 2025Formentera Operations800000$68.24$4.12
Feb 2025Formentera Operations62163000$71.53$4.19
Jan 2025Formentera Operations1300000$75.74$4.13
Dec 2024Formentera Operations265326000$70.12$3.01
Nov 2024Formentera Operations1810000$69.95$2.12
Oct 2024Formentera Operations127325000$71.99$2.20
Sep 2024Formentera Operations2030000$70.24$2.28
Aug 2024Formentera Operations207327000$76.68$1.99
Jul 2024Formentera Operations1620000$81.80$2.07
Jun 2024Formentera Operations186171000$79.77$2.54
May 2024Formentera Operations150322000$80.02$2.12
Apr 2024Saddleback Exploration,730000$85.35$1.60
Mar 2024Saddleback Exploration,470220$81.28$1.49
Feb 2024Saddleback Exploration,146033330$77.25$1.72
Jan 2024Saddleback Exploration,60038380$74.15$3.18
Dec 2023Saddleback Exploration,8515644440$71.90$2.52
Nov 2023Saddleback Exploration,10716119190$77.69$2.71
Oct 2023Saddleback Exploration,473231431430$85.64$2.98
Sep 2023Saddleback Exploration,177056560$89.43$2.64
Aug 2023Saddleback Exploration,14917255550$81.39$2.58

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 (San Andres)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone (San Andres) field

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