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Texas oil lease

Producing

WADDELL TR 3

Waddell Tr 3 is an oil lease in Crane County, Texas, operated by Blackbeard Operating, LLC in the University Waddell (Devonian) field.

112 wells

35,439bbl oil, last 12 months−3% vs prior year
Operator
Blackbeard Operating, LLC
County
Crane County
Field
University Waddell (Devonian)
RRC lease
08-07061

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
60,444 mcf
Oil in Jul 2026
2,963 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for WADDELL TR 3, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 35,439 bbl in the 12 months through Jul 2026, against 36,512 bbl in the 12 months before.Last 12 months: 35,439 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for WADDELL TR 3, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 35,439 bbl in the 12 months through Jul 2026, against 36,512 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 33.5% of the gas in Sep 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of WADDELL TR 3 gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 33.5% of the gas in Sep 2025.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2023: line to plantFlared 33.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of WADDELL TR 3 gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 33.5% of the gas in Sep 2025.Share of gas by disposition code0%50%100%Oct 23: line to plantFlared 33.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    89% · 53,801 mcf

  • Flared (4)

    11% · 6,643 mcf

11.0% of the gas flared in the last 12 months. 21 months above 3%.

Who has run this lease

The operator changed once, most recently in Apr 2020

Operators of this lease over timeBurlington Res O & G Co-Midland, Jan 2020 to Mar 2020; Blackbeard Operating, LLC, Apr 2020 to Jul 20262020202120222023202420252026Changed Apr 2020Burlington Res O & G Co-Midla…Jan 2020 to Mar 2020Blackbeard Operating, LLCApr 2020 to now
Operators of this lease over timeBurlington Res O & G Co-Midland, Jan 2020 to Mar 2020; Blackbeard Operating, LLC, Apr 2020 to Jul 20262020202120222023202420252026Changed Apr 2020Burlington Res O & G Co-MidlandJan 2020 to Mar 2020Blackbeard Operating, LLCApr 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

112 wells on this lease

Wells on WADDELL TR 3
API numberWell no.Status
42-103-00932130WActive
42-103-00938127WActive
42-103-00949144Active
42-103-00958154WActive
42-103-00965161Active
42-103-00966162Active
42-103-00968164Active
42-103-00969165Active
42-103-00997195Shut-in
42-103-00998196WShut-in
42-103-01009207Shut-in
42-103-01070213Shut-in
42-103-01124267Active
42-103-01129272Active
42-103-01143286Active
42-103-01176319WActive
42-103-01181324WActive
42-103-01246402Active
42-103-01266422Active
42-103-01273429WActive
42-103-01291447Active
42-103-01297453Active
42-103-01309465Active
42-103-01347505Active
42-103-01348506WActive
42-103-01383550Active
42-103-01384551WActive
42-103-01385552WActive
42-103-01406572WActive
42-103-01429597Active
42-103-01485653WActive
42-103-01488656WActive
42-103-01489657WActive
42-103-01498666Active
42-103-01511352Active
42-103-01517381Active
42-103-01536671WActive
42-103-01546691WActive
42-103-01560708WActive
42-103-01561710Active
42-103-01562711WActive
42-103-01563712WActive
42-103-01564713Active
42-103-01568717Shut-in
42-103-01569718Active
42-103-01570719Active
42-103-01595741RActive
42-103-01596742Active
42-103-01597743Active
42-103-01598744Active
42-103-01599745Active
42-103-01600746Active
42-103-01601747Active
42-103-01608754WActive
42-103-01611757WShut-in
42-103-01614760WActive
42-103-01617763Active
42-103-01618766Active
42-103-01620768Active
42-103-01622770Active
42-103-01628776Shut-in
42-103-01629777Active
42-103-01654709WShut-in
42-103-02627152WActive
42-103-05723123WActive
42-103-10032819Active
42-103-10077814Active
42-103-10100801Active
42-103-10101802Active
42-103-10109811Active
42-103-10135813Active
42-103-10194804Active
42-103-11191945Active
42-103-11243972Shut-in
42-103-11252973Active
42-103-11253974Active
42-103-11285978Shut-in
42-103-11287980Shut-in
42-103-11297977Active
42-103-11315988Active
42-103-30018992Shut-in
42-103-304491102Shut-in
42-103-304501100Active
42-103-304531101Active
42-103-304541099Shut-in
42-103-304601103Shut-in
42-103-304801105Active
42-103-323031117AActive
42-103-323281119Active
42-103-323291121Active
42-103-323301120Active
42-103-324591124Shut-in
42-103-324621125Active
42-103-324631122Active
42-103-324641123Active
42-103-327651126Active
42-103-327841128Active
42-103-327851129Active
42-103-328051127Active
42-103-330831174Active
42-103-335621183Active
42-103-335891186Active
42-103-335911187Active
42-103-33823101RActive
42-103-345361226Active
42-103-345591222Active
42-103-345601223Active
42-103-365211421Active
42-103-367843813Active
42-103-368443808Active
42-103-369923951Active
42-103-369953873Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers30Jan 1, 2023–
Energy Trans Crude Marketing LLCOilGathers30May 1, 2026–
Nile Midstream, LLCOilGathers10May 1, 2026–
Phillips 66 CompanyOilGathers10Jan 1, 2023–
Plains Marketing, L.p.OilGathers10Jan 1, 2023–
Sentinel Transportation, LLCOilGathers10Jun 1, 2020–
Dcp Operating Company, LPCasinghead gasBuys50Jun 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys50May 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers50Jun 1, 2020–
Targa Midstream Services LLCCasinghead gasGathers50Jun 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys50Jan 1, 2023May 1, 2026
Eastex Crude Company, LLCOilGathers10Jan 1, 2023May 1, 2026
Enterprise Crude Oil LLCOilGathers30Jan 1, 2023May 1, 2026
Targa Midstream Services LLCCasinghead gasBuys50Jun 1, 2020Jan 1, 2023
Eastex Crude CompanyOilGathers20Jun 1, 2020Jan 1, 2023
Enterprise Crude Oil LLCOilGathers10Jun 1, 2020Jan 1, 2023

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

Who buys my oilOil price check

17,130 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 40 and 31,147 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    137 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.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Waddell Tr 3
API numberWell no.Acreson the permit
42-103-015987448,143
42-103-34536122617,130
42-103-015113528,143
42-103-01654709W8,143
42-103-0160174717,130
42-103-01348506W8,143
42-103-012464028,143
42-103-015707198,143
42-103-011292728,143
42-103-3045311018,143
42-103-016007468,143
42-103-01614760W7,503

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WADDELL TR 3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Blackbeard Operating,2,9632,9464,9854,617368$80.46$2.89
Jun 2026Blackbeard Operating,2,5322,5384,9614,412549$84.81$3.15
May 2026Blackbeard Operating,2,8342,8455,2354,797438$102.13$2.94
Apr 2026Blackbeard Operating,2,8652,8825,1784,190988$100.32$2.77
Mar 2026Blackbeard Operating,2,9392,9175,0924,917175$91.38$3.04
Feb 2026Blackbeard Operating,2,8132,8814,7934,668125$64.51$3.62
Jan 2026Blackbeard Operating,3,2213,1635,3444,448896$60.04$7.72
Dec 2025Blackbeard Operating,3,1153,1185,2164,954262$57.97$4.26
Nov 2025Blackbeard Operating,3,1033,0745,0044,748256$60.06$3.79
Oct 2025Blackbeard Operating,2,9422,8854,7653,985780$60.89$3.19
Sep 2025Blackbeard Operating,2,9463,0044,8443,2221,622$63.96$2.97
Aug 2025Blackbeard Operating,3,1663,1335,0274,843184$64.86$2.91
Jul 2025Blackbeard Operating,2,8862,8624,2963,878418$68.39$3.20
Jun 2025Blackbeard Operating,2,8882,9054,7114,578133$68.17$3.02
May 2025Blackbeard Operating,2,9682,9713,8403,555285$62.17$3.12
Apr 2025Blackbeard Operating,2,9022,9084,0593,855204$63.54$3.42
Mar 2025Blackbeard Operating,3,1783,1575,1845,1759$68.24$4.12
Feb 2025Blackbeard Operating,3,0143,0264,8364,80135$71.53$4.19
Jan 2025Blackbeard Operating,3,2323,2345,3675,182185$75.74$4.13
Dec 2024Blackbeard Operating,3,1343,1334,6404,097543$70.12$3.01
Nov 2024Blackbeard Operating,3,1553,1025,2044,896308$69.95$2.12
Oct 2024Blackbeard Operating,2,8402,8795,5045,352152$71.99$2.20
Sep 2024Blackbeard Operating,3,1223,1475,8735,735138$70.24$2.28
Aug 2024Blackbeard Operating,3,1933,1735,4865,307179$76.68$1.99
Jul 2024Blackbeard Operating,3,2063,1965,0004,616384$81.80$2.07
Jun 2024Blackbeard Operating,3,1443,1535,8005,74753$79.77$2.54
May 2024Blackbeard Operating,3,3513,3306,9616,820141$80.02$2.12
Apr 2024Blackbeard Operating,2,9622,9685,5085,408100$85.35$1.60
Mar 2024Blackbeard Operating,2,9382,9495,9075,730177$81.28$1.49
Feb 2024Blackbeard Operating,3,0543,0545,1474,925222$77.25$1.72
Jan 2024Blackbeard Operating,4,0704,0037,3177,040277$74.15$3.18
Dec 2023Blackbeard Operating,16,14017,14018,44618,166280$71.90$2.52
Nov 2023Blackbeard Operating,19,00918,35019,37719,3770$77.69$2.71
Oct 2023Blackbeard Operating,19,24019,30819,97319,9730$85.64$2.98
Sep 2023Blackbeard Operating,13,92214,05715,46515,4650$89.43$2.64
Aug 2023Blackbeard Operating,9,8619,77313,01113,0110$81.39$2.58

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

OperatorBlackbeard Operating, LLCFieldUniversity Waddell (Devonian)CountyCrane County

Blackbeard Operating, LLC in Crane County

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University Waddell (Devonian) field

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