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WADDELL BROS. & CO.

Waddell Bros. & Co. is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Circle 2 (Fusselman) field.

3 wells

1,343bbl oil, last 12 months−76% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Circle 2 (Fusselman)
RRC lease
08-10687

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
78 mcf
Oil in May 2025
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 76% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 76% over the last 12 monthsMonthly oil production and gas for WADDELL BROS. & CO., Jun 2022 to May 2025. Oil output fell 76% over the last 12 months. 1,343 bbl in the 12 months through May 2025, against 5,669 bbl in the 12 months before.Last 12 months: 1,343 bblbbl per monthmcf per month002501005002007503001,0004001,250500Jul 22OctJan 23AprJulOctJan 24AprJulOctJan 25Apr
Oil output fell 76% over the last 12 monthsMonthly oil production and gas for WADDELL BROS. & CO., Jun 2022 to May 2025. Oil output fell 76% over the last 12 months. 1,343 bbl in the 12 months through May 2025, against 5,669 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501005002007503001,0004001,250500Jul 22Jan 23JulJan 24JulJan 25

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

78% of the gas went to a transmission line in the last 12 months

Flaring peaked at 60.2% of the gas in Aug 2023.

  • Transmission line (2)
  • Flared (4)
78% of the gas went to a transmission line in the last 12 monthsShare of WADDELL BROS. & CO. gas by disposition code each month, Jun 2022 to May 2025. 78% of the gas went to a transmission line in the last 12 months. Flaring peaked at 60.2% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 60.2%Jul 22OctJan 23AprJulOctJan 24AprJulOctJan 25Apr
78% of the gas went to a transmission line in the last 12 monthsShare of WADDELL BROS. & CO. gas by disposition code each month, Jun 2022 to May 2025. 78% of the gas went to a transmission line in the last 12 months. Flaring peaked at 60.2% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 60.2%Jul 22Jan 23JulJan 24JulJan 25

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    78% · 968 mcf

  • Flared (4)

    22% · 266 mcf

21.6% of the gas flared in the last 12 months. 9 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Nov 2023

Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to May 2025202020212022202320242025Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to May 2025202020212022202320242025Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on WADDELL BROS. & CO.
API numberWell no.Status
42-495-022922DActive
42-495-3240318Shut-in
42-495-3241419LActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100Nov 1, 2022–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015–
Eastex Crude CompanyOilGathers100May 1, 2022Nov 1, 2022
Rio Energy International, Inc.OilGathers100Sep 1, 2020May 1, 2022
Eastex Crude CompanyOilGathers50May 1, 2020Sep 1, 2020
Shell Trading (Us) CompanyOilGathers50May 1, 2020Sep 1, 2020
Rio Energy International, Inc.OilGathers100Aug 1, 2019May 1, 2020
Sentinel Transportation, LLCOilGathers100Jun 1, 2008Aug 1, 2019

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

Who buys my oilOil price check

11,606 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 3,299.4 and 11,606 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    10 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 Waddell Bros. & Co.
API numberWell no.Acreson the permit
42-495-3241419L11,606
42-495-324031811,606
42-495-0228953,299.40
42-495-022895 L3,299.40
42-495-022886–
42-495-022922–
42-495-022922 C–
42-495-022922D–
42-495-022931–
42-495-022931 C–

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

Unit decimal checker

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36 months, newest first

Ledger for WADDELL BROS. & CO.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
May 2025Formentera Operations0074740$62.17$3.12
Apr 2025Formentera Operations7243440$63.54$3.42
Mar 2025Formentera Operations2360000$68.24$4.12
Feb 2025Formentera Operations00000$71.53$4.19
Jan 2025Formentera Operations00000$75.74$4.13
Dec 2024Formentera Operations00000$70.12$3.01
Nov 2024Formentera Operations00000$69.95$2.12
Oct 2024Formentera Operations00000$71.99$2.20
Sep 2024Formentera Operations08000$70.24$2.28
Aug 2024Formentera Operations133378000$76.68$1.99
Jul 2024Formentera Operations313655000$81.80$2.07
Jun 2024Formentera Operations654187000$79.77$2.54
May 2024Formentera Operations8581,290000$80.02$2.12
Apr 2024Formentera Operations50719743430$85.35$1.60
Mar 2024Formentera Operations4363851081080$81.28$1.49
Feb 2024Formentera Operations4814761121120$77.25$1.72
Jan 2024Formentera Operations3353201551550$74.15$3.18
Dec 2023Formentera Operations46657516160$71.90$2.52
Nov 2023Formentera Operations445403330$77.69$2.71
Oct 2023Slant Operating,50841820200$85.64$2.98
Sep 2023Slant Operating,58060012120$89.43$2.64
Aug 2023Slant Operating,327296284113171$81.39$2.58
Jul 2023Slant Operating,31836940330895$76.07$2.55
Jun 2023Slant Operating,40843249239696$70.25$2.18
May 2023Slant Operating,4304154694690$71.58$2.15
Apr 2023Slant Operating,4724603573570$79.45$2.16
Mar 2023Slant Operating,42638228926920$73.28$2.31
Feb 2023Slant Operating,44362023817464$76.83$2.38
Jan 2023Slant Operating,873872204103101$78.12$3.27
Dec 2022Slant Operating,5257401531467$76.44$5.53
Nov 2022Slant Operating,75173823416569$84.37$5.45
Oct 2022Slant Operating,1,2451,02531322093$87.55$5.66
Sep 2022Slant Operating,5914602402400$84.26$7.88
Aug 2022Slant Operating,7267392342340$93.67$8.81
Jul 2022Slant Operating,8138552912910$101.62$7.28
Jun 2022Slant Operating,6085192122120$114.84$7.70

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 LLCFieldCircle 2 (Fusselman)CountyWinkler County

Formentera Operations LLC in Winkler County

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Circle 2 (Fusselman) field

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