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Texas oil lease

Producing

WADDELL TR I

Waddell Tr I is an oil lease in Crane County, Texas, operated by Blackbeard Operating, LLC in the Cordona Lake, SW. (Dev.) field.

4 wells

3,952bbl oil, last 12 months+77% vs prior year
Operator
Blackbeard Operating, LLC
County
Crane County
Field
Cordona Lake, SW. (Dev.)
RRC lease
08-19893

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
2,672 mcf
Oil in Jul 2026
246 bbl

Production by month

Oil output rose 77% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 77% over the last 12 monthsMonthly oil production and gas for WADDELL TR I, Aug 2023 to Jul 2026. Oil output rose 77% over the last 12 months. 3,952 bbl in the 12 months through Jul 2026, against 2,234 bbl in the 12 months before.Last 12 months: 3,952 bblbbl per monthmcf per month002002504005006007508001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 77% over the last 12 monthsMonthly oil production and gas for WADDELL TR I, Aug 2023 to Jul 2026. Oil output rose 77% over the last 12 months. 3,952 bbl in the 12 months through Jul 2026, against 2,234 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,000Jan 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 100.0% of the gas in Feb 2026.

  • 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 I 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 100.0% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2023: line to plantFlared 100.0%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 I 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 100.0% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Oct 23: line to plantFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    84% · 2,243 mcf

  • Flared (4)

    16% · 429 mcf

16.1% of the gas flared in the last 12 months. 27 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.

4 wells on this lease

Wells on WADDELL TR I
API numberWell no.Status
42-103-10812920Active
42-103-10883913Active
42-103-10904934Active
42-103-10926939Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers40Jan 1, 2023–
Anchor Crude Marketing, LLCOilGathers10Jan 1, 2023–
Eastex Crude Company, LLCOilGathers10Jan 1, 2023–
Energy Transfer CompanyOilGathers10Mar 1, 2025–
Phillips 66 CompanyOilGathers10Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers10Jan 1, 2023–
Enterprise Crude Oil LLCOilGathers5Jan 1, 2023–
Sentinel Transportation, LLCOilGathers5Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys34Jan 1, 2023–
Dcp Operating Company, LPCasinghead gasBuys33Jan 1, 2023–
Energy Transfer CompanyCasinghead gasBuys33Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers34Jan 1, 2023–
Dcp Operating Company, LPCasinghead gasGathers33Jan 1, 2023–
Energy Transfer CompanyCasinghead gasGathers33Jan 1, 2023–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers10Jan 1, 2023Mar 1, 2025
Dcp Operating Company, LPCasinghead gasGathers50Jun 1, 2020Jan 1, 2023
Targa Midstream Services LLCCasinghead gasGathers50Jun 1, 2020Jan 1, 2023
Dcp Operating Company, LPCasinghead gasBuys50Jun 1, 2020Jan 1, 2023
Targa Midstream Services LLCCasinghead gasBuys50Jun 1, 2020Jan 1, 2023
Eastex Crude CompanyOilGathers20Jun 1, 2020Jan 1, 2023

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

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What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

Check your decimal on this lease
Permits for Waddell Tr I
API numberWell no.Acreson the permit
42-103-10812920–
42-103-10883913–
42-103-10904934–
42-103-10926939–

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

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Estimate your royalty

36 months, newest first

Ledger for WADDELL TR I
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Blackbeard Operating,24626465632$80.46$2.89
Jun 2026Blackbeard Operating,30231971683$84.81$3.15
May 2026Blackbeard Operating,3322991071016$102.13$2.94
Apr 2026Blackbeard Operating,257279948410$100.32$2.77
Mar 2026Blackbeard Operating,2963051139518$91.38$3.04
Feb 2026Blackbeard Operating,2933061220122$64.51$3.62
Jan 2026Blackbeard Operating,3843891369541$60.04$7.72
Dec 2025Blackbeard Operating,34938940035149$57.97$4.26
Nov 2025Blackbeard Operating,541478661537124$60.06$3.79
Oct 2025Blackbeard Operating,54748281277339$60.89$3.19
Sep 2025Blackbeard Operating,20121947398$63.96$2.97
Aug 2025Blackbeard Operating,20419944377$64.86$2.91
Jul 2025Blackbeard Operating,200209846915$68.39$3.20
Jun 2025Blackbeard Operating,13417470619$68.17$3.02
May 2025Blackbeard Operating,21222926917$62.17$3.12
Apr 2025Blackbeard Operating,169125743$63.54$3.42
Mar 2025Blackbeard Operating,15314412111$68.24$4.12
Feb 2025Blackbeard Operating,142135382711$71.53$4.19
Jan 2025Blackbeard Operating,173169664818$75.74$4.13
Dec 2024Blackbeard Operating,16017468959$70.12$3.01
Nov 2024Blackbeard Operating,141151695019$69.95$2.12
Oct 2024Blackbeard Operating,163163101992$71.99$2.20
Sep 2024Blackbeard Operating,26828080800$70.24$2.28
Aug 2024Blackbeard Operating,31933916010555$76.68$1.99
Jul 2024Blackbeard Operating,27126020013862$81.80$2.07
Jun 2024Blackbeard Operating,2652421339934$79.77$2.54
May 2024Blackbeard Operating,3293441201128$80.02$2.12
Apr 2024Blackbeard Operating,28927271701$85.35$1.60
Mar 2024Blackbeard Operating,28931367652$81.28$1.49
Feb 2024Blackbeard Operating,30329248480$77.25$1.72
Jan 2024Blackbeard Operating,33536747425$74.15$3.18
Dec 2023Blackbeard Operating,32731844404$71.90$2.52
Nov 2023Blackbeard Operating,33932625250$77.69$2.71
Oct 2023Blackbeard Operating,36934476760$85.64$2.98
Sep 2023Blackbeard Operating,294333000$89.43$2.64
Aug 2023Blackbeard Operating,3533461111110$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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This lease belongs to

OperatorBlackbeard Operating, LLCFieldCordona Lake, SW. (Dev.)CountyCrane County

Blackbeard Operating, LLC in Crane County

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Cordona Lake, SW. (Dev.) field

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