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Texas oil lease

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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 Wheeler (Wolfcamp) field.

Oil lease dossier

4,720bbl oil, last 12 months−37% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Wheeler (Wolfcamp)
RRC lease
08-59968

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
492 mcf
Oil in Jul 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 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for WADDELL BROS & CO, Aug 2022 to Jul 2025. Oil output fell 37% over the last 12 months. 4,720 bbl in the 12 months through Jul 2025, against 7,505 bbl in the 12 months before.Last 12 months: 4,720 bblbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Oct 22Jan 23AprJulOctJan 24AprJulOctJan 25AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for WADDELL BROS & CO, Aug 2022 to Jul 2025. Oil output fell 37% over the last 12 months. 4,720 bbl in the 12 months through Jul 2025, against 7,505 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a transmission line in the last 12 months

Flaring peaked at 96.6% of the gas in Aug 2024.

  • Transmission line (2)
  • Flared (4)
95% of the gas went to a transmission line in the last 12 monthsShare of WADDELL BROS & CO gas by disposition code each month, Aug 2022 to Jul 2025. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 96.6% of the gas in Aug 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 96.6%Oct 22Jan 23AprJulOctJan 24AprJulOctJan 25AprJul
95% of the gas went to a transmission line in the last 12 monthsShare of WADDELL BROS & CO gas by disposition code each month, Aug 2022 to Jul 2025. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 96.6% of the gas in Aug 2024.Share of gas by disposition code0%50%100%Flared 96.6%Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    95% · 816 mcf

  • Flared (4)

    4.9% · 42 mcf

4.9% of the gas flared in the last 12 months. 12 months above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2023

Operators of this lease over timeSlant Operating, LLC, Mar 2022 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2025202320242025Changed Nov 2023Slant Operating, LLCMar 2022 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeSlant Operating, LLC, Mar 2022 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2025202320242025Changed Nov 2023Slant Operating, LLCMar 2022 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100Mar 5, 2022–
Dcp Operating Company, LPCasinghead gasBuys100Nov 21, 2023–
Dcp Operating Company, LPCasinghead gasGathers100Nov 21, 2023–
Energy Transfer CompanyCasinghead gasGathers100Mar 5, 2022Nov 21, 2023
Energy Transfer CompanyCasinghead gasBuys100Mar 5, 2022Nov 21, 2023

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

Who buys my oilOil price check

11,606 acres on the newest permit

Check your decimal on this lease
Permits for Waddell Bros & Co
API numberWell no.Acreson the permit
42-495-324141911,606

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WADDELL BROS & CO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2025Formentera Operations00000$68.39$3.20
Jun 2025Formentera Operations00000$68.17$3.02
May 2025Formentera Operations447886000$62.17$3.12
Apr 2025Formentera Operations560401000$63.54$3.42
Mar 2025Formentera Operations472589110$68.24$4.12
Feb 2025Formentera Operations680660$71.53$4.19
Jan 2025Formentera Operations2925311021020$75.74$4.13
Dec 2024Formentera Operations5625242372370$70.12$3.01
Nov 2024Formentera Operations59869691910$69.95$2.12
Oct 2024Formentera Operations519347990$71.99$2.20
Sep 2024Formentera Operations61050917314$70.24$2.28
Aug 2024Formentera Operations59262629128$76.68$1.99
Jul 2024Formentera Operations38921425250$81.80$2.07
Jun 2024Formentera Operations319331000$79.77$2.54
May 2024Formentera Operations244267000$80.02$2.12
Apr 2024Formentera Operations16232452520$85.35$1.60
Mar 2024Formentera Operations7236571421420$81.28$1.49
Feb 2024Formentera Operations8349091471470$77.25$1.72
Jan 2024Formentera Operations6655552052050$74.15$3.18
Dec 2023Formentera Operations80999721210$71.90$2.52
Nov 2023Formentera Operations771641330$77.69$2.71
Oct 2023Slant Operating,76162731310$85.64$2.98
Sep 2023Slant Operating,8971,14219190$89.43$2.64
Aug 2023Slant Operating,931888373148225$81.39$2.58
Jul 2023Slant Operating,8841,037465340125$76.07$2.55
Jun 2023Slant Operating,1,2471,317660533127$70.25$2.18
May 2023Slant Operating,1,2711,17061559520$71.58$2.15
Apr 2023Slant Operating,1,3161,3046886880$79.45$2.16
Mar 2023Slant Operating,1,2011,01868563847$73.28$2.31
Feb 2023Slant Operating,710956558435123$76.83$2.38
Jan 2023Slant Operating,1,2581,4121,085662423$78.12$3.27
Dec 2022Slant Operating,94882688781572$76.44$5.53
Nov 2022Slant Operating,884836934659275$84.37$5.45
Oct 2022Slant Operating,1,3801,4661,044745299$87.55$5.66
Sep 2022Slant Operating,1,2498689699690$84.26$7.88
Aug 2022Slant Operating,1,7141,9201,1421,1420$93.67$8.81

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 LLCFieldWheeler (Wolfcamp)CountyWinkler County

Formentera Operations LLC in Winkler County

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Wheeler (Wolfcamp) field

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New drilling permits in Winkler County

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