WADDELL BROS. & CO.

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the CIRCLE 2 (FUSSELMAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10687District 08Field 18272666Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$19.1 M
Jan 1993 – May 2025
Value, last 12 filed months
$112 k
at the published price for each month
Months reported
389
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 1 leases and 6 wells, and the rule below applies to all of them.

Discovered
1957-02-05
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition378,599 bbl$16,931,284
Casinghead gasProduction436,506 Mcf$2,187,570
Total$19,118,854

36,213 Mcf of this lease's gas, across 46 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (6)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.9043, -102.9017. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.5 miles.

31.90348, -102.90127 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
100.0%
6 of 6 wells
With a plug date
33.3%
2 of 6 wells
Median depth
11,380 ft
5 wells filed one
Completion to plug
10.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
6100.0%
A plug date is filed
233.3%
BothOn the schedule and plugged. Neither fact cancels the other.
233.3%
NeitherNo plug date, and not on the schedule.
00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Between 9,829 and 11,500 ft, median 11,380 ft, over the 5 wells that filed a depth.

Completions filed
Jul 1961 – Mar 2026
5 of 6 wells; 1 filed none
Plug dates filed
Jul 1981 – Mar 2021
2 of 6 wells; 4 filed none

Last completion to plug: a median of 10.8 years across the 2 wells that filed both dates, with the middle half between 6.3 years and 15.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-495022886Yes
42-4953241419L9,829 ftMar 2026Yes
42-495324031811,347 ftMar 2025Yes
42-49502292211,380 ftJul 2019Mar 2021Yes
42-49502289511,500 ftApr 1996Yes
42-49502293111,432 ftJul 1961Jul 1981Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (389)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

389 months

May 202507460.553.23$239
Apr 2025243462.363.54$15,168
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20248069.612.36$557
Aug 2024378075.632.06$28,588
Jul 2024655079.932.15$52,354
Jun 2024187078.082.63$14,601
May 20241,290078.812.20$101,665
Apr 20241974384.451.66$16,708
Mar 202438510880.301.55$31,082
Feb 202447611276.091.78$36,419
Jan 202432015573.023.30$23,878
Dec 20235751671.262.61$41,016
Nov 2023403377.892.81$31,398
Oct 20234182085.443.09$35,776
Sep 20236001289.042.74$53,457
Aug 202329628480.522.67$24,593
Jul 202336940374.852.64$28,684
Jun 202343249268.962.26$30,902
May 202341546970.622.23$30,352
Apr 202346035778.122.24$36,734
Mar 202338228972.852.39$28,520
Feb 202362023875.112.47$47,155
Jan 202387220476.533.39$67,425
Dec 202274015376.415.73$57,420
Nov 202273823485.005.65$64,051
Oct 20221,02531387.185.86$91,195
Sep 202246024084.888.16$41,004
Aug 202273923494.529.13$71,986
Jul 2022855291101.587.54$89,046
Jun 2022519212115.097.98$61,423
May 2022815366109.378.43$92,223
Apr 2022552343104.226.84$59,875
Mar 20227450108.885.08$81,116
Feb 2022304091.054.86$27,679
Jan 2022748081.844.54$61,216
Dec 2021332071.323.90$23,678
Nov 2021567077.435.24$43,903
Oct 2021377079.795.71$30,081
Sep 2021372069.865.35$25,988
Aug 2021552066.024.22$36,443
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 2021358063.483.02$22,726
Apr 2021180060.362.76$10,865
Mar 2021598061.302.72$36,657
Feb 20210057.805.55$0
Jan 2021180050.412.81$9,074
Dec 20200044.642.68$0
Nov 2020171038.772.71$6,630
Oct 2020179036.972.48$6,618
Sep 2020550037.091.99$20,400
Aug 2020307039.982.39$12,274
Jul 2020637038.371.83$24,442
Jun 2020317134.901.69$11,065
May 2020150016.921.81$2,538
Apr 2020528014.751.80$7,788
Mar 2020565030.341.86$17,142
Feb 20205523049.881.98$27,593
Jan 20208867257.252.09$50,874
Dec 20193703959.012.30$21,924
Nov 2019366055.302.75$20,240
Oct 20195194353.472.42$27,855
Sep 2019479455.052.66$26,380
Aug 2019613053.112.30$32,556
Jul 2019437056.272.46$24,590
Jun 2019272052.782.49$14,356
May 2019260058.482.74$15,205
Apr 2019256062.632.75$16,033
Mar 2019369056.803.06$20,959
Feb 2019241050.852.79$12,255
Jan 2019509046.033.23$23,429
Dec 2018475046.594.19$22,130
Nov 2018469052.934.24$24,824
Oct 2018297361.443.40$18,258
Sep 201810615559.543.11$6,793
Aug 201812319859.403.07$7,913
Jul 201859518165.142.93$39,289
Jun 20182871660.183.08$17,321
May 201821623865.382.90$14,812
Apr 201859420863.842.90$38,524
Mar 201831813761.222.79$19,850
Feb 201830317961.782.77$19,214
Jan 20181,2966762.874.01$81,748
Dec 2017025157.272.92$733
Nov 201733047655.423.12$19,773
Oct 201757350449.292.98$29,747
Sep 201714438247.523.09$8,022
Aug 201751737045.373.00$24,568
Jul 201726477143.873.09$13,962
Jun 201777172342.493.09$34,992
May 201723773145.373.26$13,138
Apr 201720480447.933.21$12,360
Mar 201726184046.772.98$14,713
Feb 201732974250.452.95$18,789
Jan 2017071449.413.42$2,441
Dec 201656583048.763.72$30,639
Nov 2016080442.492.64$2,126
Oct 201645384246.193.09$23,526
Sep 201642583141.553.10$20,235
Aug 201615274141.442.92$8,466
Jul 201674081441.622.92$33,179
Jun 201676882645.352.69$37,047
May 201662471242.521.99$27,950
Apr 201663460036.561.99$24,374
Mar 201662357133.011.79$21,590
Feb 201692559126.472.06$25,704
Jan 20161,11866827.352.36$32,157
Dec 201554860132.362.00$18,936
Nov 201563167838.792.17$25,946
Oct 201557896143.552.43$27,504
Sep 20156621,32542.992.76$32,114
Aug 20158701,17640.162.87$38,317
Jul 201548486348.152.95$25,846
Jun 20156331,09056.152.88$38,685
May 201551192655.212.96$30,949
Apr 20154921,16649.822.71$27,667
Mar 201536993142.892.93$18,559
Feb 20151,02497244.662.98$48,625
Jan 20155121,02843.433.10$25,424
Dec 20145221,20554.693.59$32,876
Nov 20143861,10670.464.25$31,900
Oct 20145061,63378.303.90$45,990
Sep 20147381,75886.164.05$70,698
Aug 20147461,44289.394.04$72,504
Jul 20144711,34396.564.18$51,093
Jun 20145001,25198.164.74$55,006
May 20141,2601,48894.734.73$126,393
Apr 20149101,07295.944.81$92,461
Mar 20141,0551,44495.895.06$108,466
Feb 20143781,14497.406.19$43,901
Jan 20146131,30790.404.86$61,768
Dec 20131,2021,22791.824.35$115,711
Nov 20138271,56288.853.74$79,318
Oct 20138411,80197.423.78$88,737
Sep 20131,1041,946104.113.72$122,172
Aug 20131,0672,147104.253.52$118,798
Jul 20131,0402,076102.523.72$114,339
Jun 20138311,90094.403.93$85,920
May 20137451,73694.834.15$77,851
Apr 20135631,72493.964.28$60,283
Mar 20131901,26793.623.91$22,745
Feb 20136621,34891.233.42$65,004
Jan 20136621,44291.603.42$65,571
Dec 20127661,64386.773.42$72,085
Nov 20123931,67386.953.62$40,236
Oct 20125901,63389.383.40$58,286
Sep 20123671,39794.672.92$38,821
Aug 20126151,41992.662.91$61,113
Jul 20125081,83185.133.02$48,777
Jun 20127332,07179.822.52$63,725
May 20124191,61291.612.49$42,396
Apr 20128591,628101.652.00$90,568
Mar 20125621,607105.052.22$62,609
Feb 20128111,781101.102.57$86,570
Jan 20127122,12798.092.73$75,655
Dec 20116962,34996.873.24$75,032
Nov 20117262,23095.723.31$76,877
Oct 20117062,84384.983.65$70,369
Sep 20111,0512,55383.623.99$98,060
Aug 20115992,56883.404.15$60,612
Jul 20119612,36594.144.52$101,152
Jun 20118262,49292.904.64$88,298
May 20118272,49098.134.40$92,122
Apr 20118412,490105.964.33$99,902
Mar 20119623,39096.364.06$106,453
Feb 20117332,15785.644.18$71,790
Jan 20111,0022,31586.504.59$97,296
Dec 20107233,26085.734.35$76,156
Nov 20109702,29880.843.80$87,136
Oct 20101,1112,24378.103.51$94,640
Sep 20108552,24972.633.98$71,048
Aug 20101,1992,38873.684.42$98,896
Jul 20101,1252,67172.554.74$94,270
Jun 20101,11413670.364.91$79,049
May 20101,0372,35971.124.24$83,742
Apr 20109142,18281.694.12$83,660
Mar 20109743,01078.394.39$89,562
Feb 20107322,42373.585.44$67,047
Jan 20108492,24774.365.96$76,533
Dec 20096932,29071.445.48$62,066
Nov 20098392,52074.593.75$72,035
Oct 20099582,94472.544.11$81,594
Sep 20098953,31165.543.06$68,806
Aug 20099382,25767.423.22$70,504
Jul 20091,1211,38761.133.46$73,332
Jun 20099161,93266.163.90$68,128
May 20099051,90954.743.93$57,034
Apr 20099921,21546.773.59$50,755
Mar 20099021,36542.144.06$43,551
Feb 20098831,45932.814.63$35,731
Jan 20098391,86835.865.37$40,120
Dec 20081,0161,90737.105.98$49,092
Nov 20089362,28955.496.86$67,642
Oct 20081,1942,66875.246.92$108,304
Sep 20089964,306101.767.88$135,272
Aug 20089702,886114.228.48$135,275
Jul 20089862,982131.0811.39$163,208
Jun 20089073,306131.3313.03$162,202
May 20081,2443,237123.1711.57$190,689
Apr 20081,1483,558110.3110.45$163,834
Mar 20081,2954,021101.909.66$170,820
Feb 20081,2193,62092.538.77$144,544
Jan 20081,3604,03690.388.21$156,035
Dec 20071,5043,85788.337.30$161,012
Nov 20071,5064,54691.677.29$171,203
Oct 20071,5364,48382.856.92$158,289
Sep 20071,4514,31375.846.24$136,975
Aug 20071,4633,64469.066.39$124,312
Jul 20076743,71570.906.39$71,518
Jun 20071,0074,12462.007.55$93,564
May 20071,0405,81258.747.85$106,692
Apr 20071,1513,08759.617.81$92,706
Mar 20074851,83856.927.30$41,027
Feb 20071,1664,42955.108.22$100,635
Jan 20071,4704,77250.306.73$106,042
Dec 20061,6833,84956.656.92$121,971
Nov 20061,6683,63354.207.62$118,080
Oct 20061,7284,48954.906.01$121,863
Sep 20061,7124,71060.085.04$126,582
Aug 20061,900068.717.34$130,549
Jul 20062,0684,54769.376.34$172,298
Jun 20061,9634,03466.286.38$155,860
May 20062,138066.016.42$141,129
Apr 20062,053064.397.36$132,193
Mar 20062,1853,58456.707.08$149,275
Feb 20061,8301,50257.597.75$117,032
Jan 20062,1003,96760.598.93$162,677
Dec 20051,6733,54154.9413.42$139,419
Nov 20051,5823,93854.6910.59$128,217
Oct 20052,0464,98658.3413.80$188,149
Sep 20052,2533,98161.4512.08$186,533
Aug 20052,5513,95561.519.80$195,659
Jul 20052,1472,06855.697.84$135,787
Jun 20052,8412,15452.337.38$164,568
May 20052,6491,97245.226.65$132,904
Apr 20051,3661,41549.207.36$77,622
Mar 20051,0411,27750.377.15$61,572
Feb 200577382345.226.31$40,150
Jan 20059781,01943.166.32$48,653
Dec 20041,40498239.866.75$62,593
Nov 200486270945.286.33$43,520
Oct 200446331249.706.52$25,044
Sep 200468651943.245.28$32,405
Aug 200462839542.375.55$28,801
Jul 200465942838.286.08$27,831
Jun 200477245736.106.43$30,809
May 200474345237.486.49$30,783
Apr 200426327134.475.86$10,653
Mar 200429810934.365.53$10,842
Feb 200451242532.455.51$18,956
Jan 20041,08478832.036.30$39,685
Dec 20031,02167130.266.30$35,124
Nov 200369558028.804.60$22,681
Oct 20031,00050128.174.76$30,555
Sep 200358156126.314.75$17,951
Aug 200372445729.765.13$23,891
Jul 20031,22198729.415.17$41,013
Jun 20031,01468428.565.98$33,052
May 20031,24868426.595.97$37,270
Apr 200398168426.675.41$29,862
Mar 200378059231.146.10$27,898
Feb 200385152333.487.93$32,637
Jan 20031,32661030.315.58$43,596
Dec 20021,52766026.914.85$44,295
Nov 200260132224.664.14$16,153
Oct 20021,12958326.464.23$32,339
Sep 200289359427.443.64$26,663
Aug 200284386325.963.16$24,615
Jul 20021,1401,02224.583.06$31,150
Jun 20021,04988423.733.34$27,844
May 20021,21796024.663.58$33,452
Apr 200273574323.653.51$19,992
Mar 20021,6661,07622.003.10$39,991
Feb 20021,14483518.222.38$22,827
Jan 20021,36284517.172.38$25,393
Dec 20011,33675216.932.36$24,397
Nov 200178647218.072.41$15,338
Oct 20011,5321,12519.782.53$33,148
Sep 20011,32791524.262.25$34,253
Aug 20011,3161,56224.873.05$37,498
Jul 20011,42896823.933.20$37,267
Jun 20011,2531,08424.563.82$34,919
May 20011,2911,02225.524.31$37,348
Apr 20011,31692924.685.34$37,435
Mar 200141034724.545.38$11,927
Feb 20011,00575427.755.77$32,237
Jan 20011,13790227.478.40$38,809
Dec 20001,27286826.889.12$42,110
Nov 20001,11887932.215.66$40,984
Oct 20001,19664231.235.15$40,654
Sep 20001,36892831.875.19$48,411
Aug 20001,66184929.644.54$53,087
Jul 20001,5791,02928.534.09$49,257
Jun 20001,05359529.304.40$33,469
May 20001,20369227.263.68$35,340
Apr 20001,65874924.513.12$42,971
Mar 20002,33585128.422.86$68,794
Feb 20002,27078427.622.73$64,835
Jan 20002,3711,02125.272.48$62,448
Dec 19992,45478524.282.42$61,486
Nov 19992,26192523.192.43$54,684
Oct 19992,33079720.982.80$51,118
Sep 19992,44790921.752.62$55,603
Aug 19992,5981,11219.262.88$53,235
Jul 19992,1481,01917.892.37$40,845
Jun 19991,9491,00315.942.36$33,436
May 19992,2641,29515.792.32$38,754
Apr 19992,4541,19115.102.21$39,685
Mar 19993,5381,25712.471.84$46,430
Feb 19992,1499609.981.82$23,192
Jan 19993,5661,24510.381.90$39,381
Dec 19981,3536909.201.77$13,671
Nov 19982,03594510.892.19$24,227
Oct 19982,7981,33012.421.97$37,370
Sep 19984,2921,87112.592.08$57,933
Aug 19984,1542,00211.301.91$50,759
Jul 199868246811.742.24$9,054
Jun 19985011.242.24$56
May 199815012.622.21$189
Apr 199890013.042.51$1,174
Mar 199894929712.802.31$12,833
Feb 19981,08337513.952.30$15,970
Jan 19981,15890214.702.15$18,966
Dec 19971,19772316.322.41$21,278
Nov 199788890918.193.09$18,960
Oct 19971,55789419.253.15$32,788
Sep 19971,29292817.742.95$25,662
Aug 19971,17972417.862.55$22,907
Jul 199768741717.582.25$13,014
Jun 19971,28868817.242.26$23,758
May 19971,57979218.972.31$31,782
Apr 19971,40162817.882.08$26,358
Mar 19971,11163518.951.94$22,285
Feb 199776250720.492.21$16,732
Jan 19971,09965223.483.54$28,112
Dec 19961,83991723.32$42,885
Nov 19961,7331,14321.97$38,074
Oct 19961,8811,51423.31$43,846
Sep 19961,8222,22922.22$40,485
Aug 19962,0381,37520.26$41,290
Jul 19961,58142719.55$30,909
Jun 19961,91499818.73$35,849
May 19962,17254319.43$42,202
Apr 19962,0111,08421.51$43,257
Mar 19961,69269119.38$32,791
Feb 19961,6041,15316.98$27,236
Jan 19962,0081,02017.07$34,277
Dec 19951,55879017.19$26,782
Nov 19952,325016.00$37,200
Oct 19952,02891315.43$31,292
Sep 19952,04885516.18$33,137
Aug 19952,09384415.92$33,321
Jul 19951,82795515.24$27,843
Jun 19951,51078416.41$24,779
May 19951,28299317.56$22,512
Apr 19951,89885117.73$33,652
Mar 19951,70197216.44$27,964
Feb 19951,090016.58$18,072
Jan 19951,15283715.92$18,340
Dec 199467162315.03$10,085
Nov 199434814915.90$5,533
Oct 19941,06780415.58$16,624
Sep 19941,23854515.29$18,929
Aug 199478995216.13$12,727
Jul 199490098217.56$15,804
Jun 199494092617.09$16,065
May 19941,07872815.88$17,119
Apr 19941,10145814.14$15,568
Mar 199471845412.46$8,946
Feb 199494551312.50$11,813
Jan 19941,21462512.66$15,369
Dec 199370549112.33$8,693
Nov 19931,10261014.49$15,968
Oct 199356555715.85$8,955
Sep 199345458915.03$6,824
Aug 199352945715.66$8,284
Jul 199374157115.46$11,456
Jun 199373046216.79$12,257
May 199396244017.68$17,008
Apr 199365742218.05$11,859
Mar 19931,06446218.14$19,301
Feb 19931,45667617.90$26,062
Jan 19932,12382916.93$35,942

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2025 — as filed, then multipliedworked
Oil                    0 bbl  × $ 60.55 =         $0
Casinghead gas        74 Mcf  × $  3.23 =       $239

────────────────────────────────────────────────────
Month total                                     $239

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/O/10687 is the state's own key, not one this site invented.