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Texas oil lease

Producing

WADDELL TR AB 1M

Waddell Tr Ab 1M is an oil lease in Crane County, Texas, operated by Blackbeard Operating, LLC in the Sand Hills (McKnight) field.

1 well

39,058bbl oil, since Dec 2025
Operator
Blackbeard Operating, LLC
County
Crane County
Field
Sand Hills (McKnight)
RRC lease
08-65049

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, since Dec 2025
75,166 mcf
Oil in Jul 2026
3,838 bbl
First check

Production started December 2025; the first check is due by about April 30, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output rose 9% since Dec 2025

  • Oil (bars)
  • Gas (line)
Oil output rose 9% since Dec 2025Monthly oil production and gas for WADDELL TR AB 1M, Dec 2025 to Jul 2026. Oil output rose 9% since Dec 2025. Monthly average of 4,779 bbl in the latest 3 months, against 4,381 bbl in the first 3.bbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kOct 25Jan 26AprJul
Oil output rose 9% since Dec 2025Monthly oil production and gas for WADDELL TR AB 1M, Dec 2025 to Jul 2026. Oil output rose 9% since Dec 2025. Monthly average of 4,779 bbl in the latest 3 months, against 4,381 bbl in the first 3.bbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the 8 months reported

Flaring peaked at 6.0% of the gas in Jul 2026.

  • Processing plant (3)
  • Flared (4)
98% of the gas went to a processing plant in the 8 months reportedShare of WADDELL TR AB 1M gas by disposition code each month, Dec 2025 to Jul 2026. 98% of the gas went to a processing plant in the 8 months reported. Flaring peaked at 6.0% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 6.0%Oct 25Jan 26AprJul
98% of the gas went to a processing plant in the 8 months reportedShare of WADDELL TR AB 1M gas by disposition code each month, Dec 2025 to Jul 2026. 98% of the gas went to a processing plant in the 8 months reported. Flaring peaked at 6.0% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Flared 6.0%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 74,006 mcf

  • Flared (4)

    1.5% · 1,160 mcf

1.5% of the gas flared in the 8 months reported. One month above 3%.

1 well on this lease

Wells on WADDELL TR AB 1M
API numberWell no.Status
42-103-376844077HRActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Nile Midstream, LLCOilGathers40Dec 16, 2025
Plains Marketing, L.p.OilGathers20Dec 16, 2025
Anchor Crude Marketing, LLCOilGathers5Dec 16, 2025
Eastex Crude Company, LLCOilGathers5Dec 16, 2025
Enlink Crude Marketing, LLCOilGathers5Dec 16, 2025
Enterprise Crude Oil LLCOilGathers5Dec 16, 2025
Oasis Transp & Marketing Corp.OilGathers5Dec 16, 2025
Phillips 66 CompanyOilGathers5Dec 16, 2025
Sentinel Transportation, LLCOilGathers5Dec 16, 2025
Shell Trading (Us) CompanyOilGathers5Dec 16, 2025
Targa Midstream Services LLCCasinghead gasBuys34Dec 16, 2025
Dcp Operating Company, LPCasinghead gasBuys33Dec 16, 2025
Energy Transfer CompanyCasinghead gasBuys33Dec 16, 2025
Dcp Operating Company, LPCasinghead gasGathers25Dec 16, 2025
Energy Transfer CompanyCasinghead gasGathers25Dec 16, 2025
Nile Midstream, LLCCasinghead gasGathers25Dec 16, 2025
Targa Midstream Services LLCCasinghead gasGathers25Dec 16, 2025

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

Who buys my oilOil price check

23,728 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Waddell Tr Ab 1M
API numberWell no.Acreson the permit
42-103-376844077HR23,728

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

Unit decimal checker

Estimate your royalty

8 months, newest first

Ledger for WADDELL TR AB 1M
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,8383,8438,1677,676491$80.46$2.89
Jun 20265,2995,2946,6796,65524$84.81$3.15
May 20265,1995,18210,98710,89196$102.13$2.94
Apr 20265,5785,58912,59812,55246$100.32$2.77
Mar 20266,0015,98711,14211,10735$91.38$3.04
Feb 20264,5384,5419,8099,702107$64.51$3.62
Jan 20266,1326,11011,41611,150266$60.04$7.72
Dec 20252,4732,4544,3684,27395$57.97$4.26

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, LLCFieldSand Hills (McKnight)CountyCrane County

Blackbeard Operating, LLC in Crane County

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Sand Hills (McKnight) field

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