Texas oil lease
ProducingWALTON, J. B.
Walton, J. B. is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Kermit field.
42 wells
- Operator
- Formentera Operations LLC
- County
- Winkler County
- Field
- Kermit
- RRC lease
- 08-03218
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Where it sits
This 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
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)
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
- Formentera Operations LLC May 2024 to now
- Saddleback Exploration, LLC Jun 2021 to Apr 2024
- Blackbeard Operating, LLC Jan 2020 to May 2021
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
42 wells on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-495-02929 | 30 | Active |
| 42-495-02935 | 36 | Active |
| 42-495-02946 | 47 | Active |
| 42-495-02947 | 48 | Active |
| 42-495-02951 | 118 | Active |
| 42-495-02959 | 126 | Shut-in |
| 42-495-02977 | 97 | Active |
| 42-495-02979 | 99 | Shut-in |
| 42-495-03002 | 68 | Active |
| 42-495-03004 | 70 | Active |
| 42-495-03030 | 132W | Active |
| 42-495-03042 | 144 | Active |
| 42-495-03047 | 149W | Active |
| 42-495-03053 | 155 | Active |
| 42-495-03054 | 156W | Active |
| 42-495-03064 | 167 | Active |
| 42-495-03066 | 169 | Shut-in |
| 42-495-03070 | 173W | Active |
| 42-495-03078 | 181 | Active |
| 42-495-03079 | 182 | Active |
| 42-495-03085 | 188 | Active |
| 42-495-03125 | 228UT | Active |
| 42-495-03129 | 232UT | Active |
| 42-495-03132 | 240 | Active |
| 42-495-03146 | 15 | Active |
| 42-495-03149 | 18 | Active |
| 42-495-03152 | 21 | Active |
| 42-495-03154 | 23W | Active |
| 42-495-03166 | 4 | Active |
| 42-495-03170 | 8 | Active |
| 42-495-03171 | 9W | Active |
| 42-495-03174 | 12 | Active |
| 42-495-03838 | 140W | Active |
| 42-495-04869 | 26 | Active |
| 42-495-06034 | 244W | Active |
| 42-495-06234 | 158W | Active |
| 42-495-32067 | 317 | Active |
| 42-495-32069 | 318 | Shut-in |
| 42-495-32299 | 343 | Shut-in |
| 42-495-32301 | 344 | Active |
| 42-495-32302 | 345 | Shut-in |
| 42-495-34162 | 502R | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Eastex Crude Company, LLC | Oil | Gathers | 100 | Jan 1, 2023 | – |
| Et Gathering & Processing LLC | Casinghead gas | Buys | 100 | Oct 1, 2023 | – |
| Energy Transfer Company | Casinghead gas | Gathers | 100 | Jan 1, 2023 | – |
| Etc Texas P/L, LTD | Casinghead gas | Buys | 100 | Jan 1, 2023 | Oct 1, 2023 |
| Energy Transfer Company | Casinghead gas | Gathers | 50 | May 1, 2018 | Jan 1, 2023 |
| Targa Midstream Services LLC | Casinghead gas | Gathers | 50 | May 1, 2018 | Jan 1, 2023 |
| Etc Texas P/L, LTD | Casinghead gas | Buys | 50 | Apr 13, 2022 | Jan 1, 2023 |
| Targa Midstream Services LLC | Casinghead gas | Buys | 50 | May 1, 2018 | Jan 1, 2023 |
| Eastex Crude Company | Oil | Gathers | 100 | Jun 1, 2021 | Jan 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
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-495-34162 | 502R | Sep 30, 2018 | Jul 12, 2018 | 5,768.32 |
| 42-495-03084 | 187 | Mar 6, 2017 | Jan 29, 2019 | 2,720 |
| 42-495-32299 | 343 | Nov 22, 1989 | Feb 23, 1990 | 5,760 |
| 42-495-32301 | 344 | Nov 22, 1989 | Mar 17, 1990 | 5,760 |
| 42-495-32302 | 345 | Nov 22, 1989 | Mar 15, 1990 | 5,760 |
| 42-495-31761 | 314 | Sep 8, 1989 | Oct 2, 1984 | 5,760 |
| 42-495-32069 | 318 | Aug 7, 1987 | Jun 30, 1987 | 5,760 |
| 42-495-32067 | 317 | Jul 3, 1987 | Jun 16, 1987 | 5,760 |
| 42-495-02927 | 28 | – | – | – |
| 42-495-02928 | 29 | – | – | – |
| 42-495-02929 | 30 | – | – | – |
| 42-495-02930 | 31 | – | – | – |
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Formentera Operations | 3 | 45 | 0 | 0 | 0 | $80.46 | $2.89 |
| Jun 2026Formentera Operations | 35 | 55 | 30 | 0 | 30 | $84.81 | $3.15 |
| May 2026Formentera Operations | 77 | 102 | 62 | 0 | 62 | $102.13 | $2.94 |
| Apr 2026Formentera Operations | 33 | 0 | 60 | 0 | 60 | $100.32 | $2.77 |
| Mar 2026Formentera Operations | 63 | 116 | 62 | 0 | 62 | $91.38 | $3.04 |
| Feb 2026Formentera Operations | 64 | 45 | 63 | 0 | 63 | $64.51 | $3.62 |
| Jan 2026Formentera Operations | 52 | 101 | 74 | 0 | 74 | $60.04 | $7.72 |
| Dec 2025Formentera Operations | 49 | 67 | 74 | 0 | 74 | $57.97 | $4.26 |
| Nov 2025Formentera Operations | 61 | 108 | 76 | 0 | 76 | $60.06 | $3.79 |
| Oct 2025Formentera Operations | 101 | 102 | 133 | 0 | 133 | $60.89 | $3.19 |
| Sep 2025Formentera Operations | 121 | 51 | 221 | 0 | 221 | $63.96 | $2.97 |
| Aug 2025Formentera Operations | 109 | 140 | 239 | 0 | 239 | $64.86 | $2.91 |
| Jul 2025Formentera Operations | 44 | 133 | 219 | 0 | 219 | $68.39 | $3.20 |
| Jun 2025Formentera Operations | 116 | 65 | 331 | 0 | 331 | $68.17 | $3.02 |
| May 2025Formentera Operations | 98 | 121 | 394 | 0 | 394 | $62.17 | $3.12 |
| Apr 2025Formentera Operations | 41 | 0 | 381 | 0 | 381 | $63.54 | $3.42 |
| Mar 2025Formentera Operations | 108 | 116 | 0 | 0 | 0 | $68.24 | $4.12 |
| Feb 2025Formentera Operations | 130 | 118 | 0 | 0 | 0 | $71.53 | $4.19 |
| Jan 2025Formentera Operations | 111 | 117 | 0 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Formentera Operations | 205 | 144 | 0 | 0 | 0 | $70.12 | $3.01 |
| Nov 2024Formentera Operations | 130 | 45 | 0 | 0 | 0 | $69.95 | $2.12 |
| Oct 2024Formentera Operations | 75 | 0 | 0 | 0 | 0 | $71.99 | $2.20 |
| Sep 2024Formentera Operations | 3 | 19 | 0 | 0 | 0 | $70.24 | $2.28 |
| Aug 2024Formentera Operations | 28 | 26 | 0 | 0 | 0 | $76.68 | $1.99 |
| Jul 2024Formentera Operations | 26 | 30 | 0 | 0 | 0 | $81.80 | $2.07 |
| Jun 2024Formentera Operations | 127 | 136 | 46 | 46 | 0 | $79.77 | $2.54 |
| May 2024Formentera Operations | 130 | 300 | 66 | 66 | 0 | $80.02 | $2.12 |
| Apr 2024Saddleback Exploration, | 319 | 0 | 71 | 71 | 0 | $85.35 | $1.60 |
| Mar 2024Saddleback Exploration, | 35 | 32 | 23 | 23 | 0 | $81.28 | $1.49 |
| Feb 2024Saddleback Exploration, | 8 | 172 | 3 | 3 | 0 | $77.25 | $1.72 |
| Jan 2024Saddleback Exploration, | 72 | 141 | 3 | 3 | 0 | $74.15 | $3.18 |
| Dec 2023Saddleback Exploration, | 121 | 0 | 31 | 31 | 0 | $71.90 | $2.52 |
| Nov 2023Saddleback Exploration, | 92 | 165 | 74 | 74 | 0 | $77.69 | $2.71 |
| Oct 2023Saddleback Exploration, | 169 | 225 | 123 | 123 | 0 | $85.64 | $2.98 |
| Sep 2023Saddleback Exploration, | 179 | 134 | 96 | 96 | 0 | $89.43 | $2.64 |
| Aug 2023Saddleback Exploration, | 198 | 289 | 67 | 67 | 0 | $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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Nearby
This lease belongs to
Formentera Operations LLC in Winkler County
- BLUE ESTATE
832 bbl
- WADDELL
1,251 bbl
- BASHARA, J. M.
1,101 bbl
- WHEELER, C. O.
1,090 bbl
- EVANS, RUBE "10"
932 bbl
- EVANS, RUBE "2"
722 bbl
- STATE WALTON -E- A/C 4
20 bbl
- CAMPBELL
259 bbl
- STATE-WALTON "E"
7,153 mcf
- STATE WALTON -E-
5,426 mcf
Kermit field
- LOVETT, J. C. -A-
1,045 bbl
- COLBY
1,012 bbl
- CUMMINS
988 bbl
- MCCURDY-MCCUTCHEON
875 bbl
- GLOYD
905 bbl
- SCARBOROUGH, W. F.
863 bbl
- HOWE "B"
859 bbl
- HOWE "A"
859 bbl
- NEWBERT
828 bbl
- DAUGHERTY, L. -A-
793 bbl
Leases within 10 km
- CLS WALTON
222,317 bbl · 0.1 km
- WALTON, J. B. A/C 2
1,852 bbl · 0.7 km
- STATE-WALTON A/C 2
1,549 bbl · 0.8 km
- WALTON, J. B.
0 mcf · 1.1 km
- DAUGHERTY, L. -A-
793 bbl · 1.1 km
- DAUGHERTY-ACCT. 2
4,921 bbl · 1.1 km
- CLS WALTON STATE
17,051 bbl · 1.2 km
- STATE-WALTON
0 mcf · 1.3 km
- WALTON, J. B.
0 mcf · 1.3 km
- STATE WALTON
0 mcf · 1.3 km
Drilling permits within 10 km
BAIRD, W. E. #1315
new drill · Basin Oil & Gas Operating, LLC · Winkler County · 6.3 km
Permit 0918745 · Sep 21, 2026
BAIRD, W. E. #1307
new drill · Basin Oil & Gas Operating, LLC · Winkler County · 5.9 km
Permit 0918476 · Sep 11, 2026
BAIRD, W. E. #1827
new drill · Basin Oil & Gas Operating, LLC · Winkler County · 7.4 km
Permit 0918473 · Sep 10, 2026
BAIRD, W. E. #1205
new drill · Basin Oil & Gas Operating, LLC · Winkler County · 6.9 km
Permit 0918469 · Sep 10, 2026
BAIRD, W. E. #1211
new drill · Basin Oil & Gas Operating, LLC · Winkler County · 7.8 km
Permit 0917481 · Jul 31, 2026