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Producing

WALTON, J. B.

Walton, J. B. is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Kermit field.

42 wells

768bbl oil, last 12 months−29% vs prior year
Field
Kermit
RRC lease
08-03218

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
1,094 mcf
Oil in Jul 2026
3 bbl

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for WALTON, J. B., Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 768 bbl in the 12 months through Jul 2026, against 1,089 bbl in the 12 months before.Last 12 months: 768 bblbbl per monthmcf per month00100100200200300300400400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for WALTON, J. B., Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 768 bbl in the 12 months through Jul 2026, against 1,089 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Apr 2025.

  • Transmission line (2)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of WALTON, J. B. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of WALTON, J. B. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 15 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in May 2024

Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to May 2021; Saddleback Exploration, LLC, Jun 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Jun 2021Changed May 2024Blackbeard Operating, LLCJan 2020 to May 2021Saddleback Exploration, LLCJun 2021 to Apr 2024Formentera Operations LLCMay 2024 to now
Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to May 2021; Saddleback Exploration, LLC, Jun 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Jun 2021Changed May 2024Blackbeard Operating, LLCJan 2020 to May 2021Saddleback Exploration, LLCJun 2021 to Apr 2024Formentera Operations LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

42 wells on this lease

Wells on WALTON, J. B.
API numberWell no.Status
42-495-0292930Active
42-495-0293536Active
42-495-0294647Active
42-495-0294748Active
42-495-02951118Active
42-495-02959126Shut-in
42-495-0297797Active
42-495-0297999Shut-in
42-495-0300268Active
42-495-0300470Active
42-495-03030132WActive
42-495-03042144Active
42-495-03047149WActive
42-495-03053155Active
42-495-03054156WActive
42-495-03064167Active
42-495-03066169Shut-in
42-495-03070173WActive
42-495-03078181Active
42-495-03079182Active
42-495-03085188Active
42-495-03125228UTActive
42-495-03129232UTActive
42-495-03132240Active
42-495-0314615Active
42-495-0314918Active
42-495-0315221Active
42-495-0315423WActive
42-495-031664Active
42-495-031708Active
42-495-031719WActive
42-495-0317412Active
42-495-03838140WActive
42-495-0486926Active
42-495-06034244WActive
42-495-06234158WActive
42-495-32067317Active
42-495-32069318Shut-in
42-495-32299343Shut-in
42-495-32301344Active
42-495-32302345Shut-in
42-495-34162502RActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Jan 1, 2023–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Jan 1, 2023–
Etc Texas P/L, LTDCasinghead gasBuys100Jan 1, 2023Oct 1, 2023
Energy Transfer CompanyCasinghead gasGathers50May 1, 2018Jan 1, 2023
Targa Midstream Services LLCCasinghead gasGathers50May 1, 2018Jan 1, 2023
Etc Texas P/L, LTDCasinghead gasBuys50Apr 13, 2022Jan 1, 2023
Targa Midstream Services LLCCasinghead gasBuys50May 1, 2018Jan 1, 2023
Eastex Crude CompanyOilGathers100Jun 1, 2021Jan 1, 2023

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

5,768.32 acres on the newest permit

The wells on this lease state different acreage

The permits state between 2,720 and 5,768.32 acres.

191 wells are listed on this lease

Permits for Walton, J. B.
API numberWell no.Acreson the permit
42-495-34162502R5,768.32
42-495-030841872,720
42-495-322993435,760
42-495-323013445,760
42-495-323023455,760
42-495-317613145,760
42-495-320693185,760
42-495-320673175,760
42-495-0292728–
42-495-0292829–
42-495-0292930–
42-495-0293031–

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for WALTON, J. B.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations345000$80.46$2.89
Jun 2026Formentera Operations355530030$84.81$3.15
May 2026Formentera Operations7710262062$102.13$2.94
Apr 2026Formentera Operations33060060$100.32$2.77
Mar 2026Formentera Operations6311662062$91.38$3.04
Feb 2026Formentera Operations644563063$64.51$3.62
Jan 2026Formentera Operations5210174074$60.04$7.72
Dec 2025Formentera Operations496774074$57.97$4.26
Nov 2025Formentera Operations6110876076$60.06$3.79
Oct 2025Formentera Operations1011021330133$60.89$3.19
Sep 2025Formentera Operations121512210221$63.96$2.97
Aug 2025Formentera Operations1091402390239$64.86$2.91
Jul 2025Formentera Operations441332190219$68.39$3.20
Jun 2025Formentera Operations116653310331$68.17$3.02
May 2025Formentera Operations981213940394$62.17$3.12
Apr 2025Formentera Operations4103810381$63.54$3.42
Mar 2025Formentera Operations108116000$68.24$4.12
Feb 2025Formentera Operations130118000$71.53$4.19
Jan 2025Formentera Operations111117000$75.74$4.13
Dec 2024Formentera Operations205144000$70.12$3.01
Nov 2024Formentera Operations13045000$69.95$2.12
Oct 2024Formentera Operations750000$71.99$2.20
Sep 2024Formentera Operations319000$70.24$2.28
Aug 2024Formentera Operations2826000$76.68$1.99
Jul 2024Formentera Operations2630000$81.80$2.07
Jun 2024Formentera Operations12713646460$79.77$2.54
May 2024Formentera Operations13030066660$80.02$2.12
Apr 2024Saddleback Exploration,319071710$85.35$1.60
Mar 2024Saddleback Exploration,353223230$81.28$1.49
Feb 2024Saddleback Exploration,8172330$77.25$1.72
Jan 2024Saddleback Exploration,72141330$74.15$3.18
Dec 2023Saddleback Exploration,121031310$71.90$2.52
Nov 2023Saddleback Exploration,9216574740$77.69$2.71
Oct 2023Saddleback Exploration,1692251231230$85.64$2.98
Sep 2023Saddleback Exploration,17913496960$89.43$2.64
Aug 2023Saddleback Exploration,19828967670$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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