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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 37632

Shut in

WADDELL

Waddell is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone, South (Devonian) field. The Railroad Commission shows 13 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 5 wells

13bbl oil, last 12 months−97% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone, South (Devonian)
RRC lease
08-37632

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County · RRC district 08Open Winkler County →
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
5
Data through
Jul 2026

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 fell 97% over the last 12 months

13 bbl in the 12 months through Jul 2026, against 393 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 97% over the last 12 monthsMonthly oil production and gas for WADDELL, Aug 2023 to Jul 2026. Oil output fell 97% over the last 12 months. 13 bbl in the 12 months through Jul 2026, against 393 bbl in the 12 months before.Last 12 months: 13 bblbbl per monthmcf per month00502001004001506002008002501,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 97% over the last 12 monthsMonthly oil production and gas for WADDELL, Aug 2023 to Jul 2026. Oil output fell 97% over the last 12 months. 13 bbl in the 12 months through Jul 2026, against 393 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502001004001506002008002501,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 37632, 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.

58% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2024.

  • Transmission line (2)
  • Flared (4)
58% of the gas went to a transmission line in the last 12 monthsShare of WADDELL gas by disposition code each month, Aug 2023 to Jul 2026. 58% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
58% of the gas went to a transmission line in the last 12 monthsShare of WADDELL gas by disposition code each month, Aug 2023 to Jul 2026. 58% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 37632, 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.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 42.2% of the gas was flared. 7 months went above 3%, which we mark in the ledger below.

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 Nov 2023

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 timeCrownquest Operating, LLC, Jan 2020 to Sep 2022; Slant Operating, LLC, Oct 2022 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Oct 2022Changed Nov 2023Crownquest Operating, LLCJan 2020 to Sep 2022Slant Operating, LLCOct 2022 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeCrownquest Operating, LLC, Jan 2020 to Sep 2022; Slant Operating, LLC, Oct 2022 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Oct 2022Changed Nov 2023Crownquest Operating, LLCJan 2020 to Sep 2022Slant Operating, LLCOct 2022 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

5 wells on this lease

Every well the Railroad Commission links to oil lease 37632 in district 08. The API number is the state’s ID for a well.
Wells on WADDELL
API numberWell no.Status
42-495-022904WActive
42-495-33045502Shut-in
42-495-331762301Active
42-495-33285401Shut-in
42-495-33286501Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 37632.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Sentinel Transportation, LLC gathers it.

    100% of it, on the list since May 1, 2026

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Oct 1, 2022 · Energy Transfer Company gathers it: 100% of it, on the list since Oct 1, 2022

Companies that used to be listed: Plains Marketing, L.p. (gathers it, until May 1, 2026); Eastex Crude Company (gathers it, until Nov 1, 2022); Targa Midstream Services LLC (gathers it, until Oct 1, 2022); Targa Midstream Services LLC (buys it, until Oct 1, 2022).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

1,240 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
53 not plugged
Horizontal
0
First completion
Dec 11, 2005
Latest permit
Mar 21, 2008

The wells on this lease state different acreage

The permits state between 640 and 5,800 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for Waddell
API numberWell no.Acreson the permit
42-495-332865011,240
42-495-332854011,240
42-495-3317623015,120
42-495-022904W5,800
42-495-33045502640

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

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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 WADDELL sold each month.

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

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.

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 WADDELL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Formentera Operations00000$80.46$2.89
Jun 2026Formentera Operations00000$84.81$3.15
May 2026Formentera Operations00000$102.13$2.94
Apr 2026Formentera Operations00000$100.32$2.77
Mar 2026Formentera Operations00000$91.38$3.04
Feb 2026Formentera Operations00000$64.51$3.62
Jan 2026Formentera Operations00000$60.04$7.72
Dec 2025Formentera Operations00000$57.97$4.26
Nov 2025Formentera Operations00000$60.06$3.79
Oct 2025Formentera Operations00000$60.89$3.19
Sep 2025Formentera Operations80000$63.96$2.97
Aug 2025Formentera Operations50000$64.86$2.91
Jul 2025Formentera Operations202332330$68.39$3.20
Jun 2025Formentera Operations1302242240$68.17$3.02
May 2025Formentera Operations401801800$62.17$3.12
Apr 2025Formentera Operations00000$63.54$3.42
Mar 2025Formentera Operations00000$68.24$4.12
Feb 2025Formentera Operations00000$71.53$4.19
Jan 2025Formentera Operations005025020$75.74$4.13
Dec 2024Formentera Operations00000$70.12$3.01
Nov 2024Formentera Operations48031827048$69.95$2.12
Oct 2024Formentera Operations1133517867860$71.99$2.20
Sep 2024Formentera Operations990700128572$70.24$2.28
Aug 2024Formentera Operations11408060806$76.68$1.99
Jul 2024Formentera Operations11734176664702$81.80$2.07
Jun 2024Formentera Operations12307467460$79.77$2.54
May 2024Formentera Operations1310887350537$80.02$2.12
Apr 2024Formentera Operations144343657449208$85.35$1.60
Mar 2024Formentera Operations15305895890$81.28$1.49
Feb 2024Formentera Operations1653427487480$77.25$1.72
Jan 2024Formentera Operations9303313310$74.15$3.18
Dec 2023Formentera Operations2143458088080$71.90$2.52
Nov 2023Formentera Operations141038433450$77.69$2.71
Oct 2023Slant Operating,1543434314310$85.64$2.98
Sep 2023Slant Operating,22408218210$89.43$2.64
Aug 2023Slant Operating,2033426476470$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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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorFormentera Operations LLCFieldKeystone, South (Devonian)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone, South (Devonian) field

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Drilling permits within 10 km

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 37632, 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.

FAQ

Questions about WADDELL

Who operates the WADDELL lease?

The Railroad Commission lists Formentera Operations LLC (operator number 276959) as the operator of this lease in Winkler County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the WADDELL lease produced?

The lease reported 13 bbl of oil in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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