WADDELL

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

Oil lease lease 37632District 08Field 49133333Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$23.1 M
Dec 2005 – May 2026
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
246
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 5 leases and 17 wells, and the rule below applies to all of them.

Discovered
1957-03-07
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2025-03-26.

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.

The Commission's schedule remark for this field reads: & SWR13(B)(4)(A).

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
OilDisposition248,127 bbl$17,913,038
Casinghead gasProduction810,920 Mcf$5,178,369
Total$23,091,408

Wells on this lease (5)

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 31.9000, -102.9231. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.8 miles.

31.90667, -102.92032 · 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
40.0%
2 of 5 wells
With a plug date
40.0%
2 of 5 wells
Median depth
9,610 ft
5 wells filed one
Completion to plug
9.9 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
240.0%
A plug date is filed
240.0%
BothOn the schedule and plugged. Neither fact cancels the other.
240.0%
NeitherNo plug date, and not on the schedule.
360.0%

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 9,550 and 11,570 ft, median 9,610 ft, over the 5 wells that filed a depth.

Completions filed
Dec 2005 – Jul 2023
5 of 5 wells
Plug dates filed
Dec 2016 – Aug 2018
2 of 5 wells; 3 filed none

Last completion to plug: a median of 9.9 years across the 2 wells that filed both dates, with the middle half between 8.9 years and 10.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-495022904W9,823 ftJul 2023
42-495332865019,610 ftJan 2009Dec 2016Yes
42-495332854019,550 ftMay 2008
42-49533176230111,570 ftOct 2006Aug 2018Yes
42-495330455029,590 ftDec 2005

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 (246)

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

246 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 2025023366.743.32$772
Jun 2025022466.483.13$701
May 2025018060.553.23$582
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 2025050274.324.28$2,148
Dec 20240068.993.12$0
Nov 2024031869.052.20$699
Oct 202435178671.372.28$26,844
Sep 2024070069.612.36$1,655
Aug 2024080675.632.06$1,663
Jul 202434176679.932.15$28,900
Jun 2024074678.082.63$1,965
May 2024088778.812.20$1,950
Apr 202434365784.451.66$30,056
Mar 2024058980.301.55$910
Feb 202434274876.091.78$27,357
Jan 2024033173.023.30$1,092
Dec 202334580871.262.61$26,694
Nov 2023038477.892.81$1,078
Oct 202334343185.443.09$30,637
Sep 2023082189.042.74$2,245
Aug 202334264780.522.67$29,267
Jul 202301,00374.852.64$2,650
Jun 202334194268.962.26$25,643
May 2023052070.622.23$1,158
Apr 202334667878.122.24$28,547
Mar 2023046172.852.39$1,103
Feb 202317351475.112.47$14,261
Jan 202334717776.533.39$27,156
Dec 2022053976.415.73$3,088
Nov 202217165485.005.65$18,228
Oct 2022038387.185.86$2,246
Sep 202216751384.888.16$18,363
Aug 2022045194.529.13$4,116
Jul 2022164408101.587.54$19,736
Jun 2022163558115.097.98$23,211
May 202216585109.378.43$18,763
Apr 2022322811104.226.84$39,104
Mar 20220326108.885.08$1,655
Feb 2022049491.054.86$2,400
Jan 202217556281.844.54$16,872
Dec 2021076171.323.90$2,967
Nov 20211623977.435.24$12,748
Oct 202102179.795.71$120
Sep 20218117769.865.35$6,606
Aug 202111041766.024.22$9,022
Jul 2021039170.783.98$1,557
Jun 202111345269.493.38$9,380
May 202111746763.483.02$8,836
Apr 2021043360.362.76$1,194
Mar 202133526861.302.72$21,264
Feb 2021039457.805.55$2,186
Jan 2021038750.412.81$1,088
Dec 202022854944.642.68$11,647
Nov 20200038.772.71$0
Oct 2020018836.972.48$466
Sep 20202211,51537.091.99$11,213
Aug 202002,21439.982.39$5,281
Jul 2020037138.371.83$677
Jun 202001934.901.69$32
May 202003316.921.81$60
Apr 20209938514.751.80$2,155
Mar 202002,06430.341.86$3,831
Feb 202044418949.881.98$22,521
Jan 202022425957.252.09$13,367
Dec 2019030459.012.30$701
Nov 20192234155.302.75$12,445
Oct 2019033353.472.42$805
Sep 201923311755.052.66$13,138
Aug 20198042253.112.30$5,221
Jul 2019029356.272.46$721
Jun 201945551252.782.49$25,290
May 2019052558.482.74$1,439
Apr 2019042362.632.75$1,164
Mar 201935230956.803.06$20,940
Feb 201922839750.852.79$12,702
Jan 201922665046.033.23$12,501
Dec 201823159446.594.19$13,248
Nov 2018061652.934.24$2,610
Oct 201811361661.443.40$9,036
Sep 201835238759.543.11$22,161
Aug 2018061959.403.07$1,898
Jul 20181141,08065.142.93$10,592
Jun 20183461,01260.183.08$23,936
May 201801,22765.382.90$3,559
Apr 2018058663.842.90$1,700
Mar 201811356761.222.79$8,498
Feb 201833679061.782.77$22,943
Jan 201822897562.874.01$18,243
Dec 20171141,21957.272.92$10,090
Nov 201722794455.423.12$15,524
Oct 20172271,24249.292.98$14,895
Sep 201701,22547.523.09$3,782
Aug 201723575945.373.00$12,942
Jul 20171121,32543.873.09$9,004
Jun 20174591,43742.493.09$23,939
May 20171122,12245.373.26$12,006
Apr 2017033347.933.21$1,069
Mar 20175651,40446.772.98$30,614
Feb 20172241,28650.452.95$15,098
Jan 20172281,43549.413.42$16,171
Dec 20162301,49448.763.72$16,777
Nov 20162221,47642.492.64$13,336
Oct 20162411,75046.193.09$16,540
Sep 20164541,77841.553.10$24,377
Aug 201601,34141.442.92$3,922
Jul 20161951,02841.622.92$11,122
Jun 201619675745.352.69$10,922
May 201618515042.521.99$8,165
Apr 20161451,04436.561.99$7,380
Mar 20161981,54133.011.79$9,301
Feb 20161491,86026.472.06$7,782
Jan 20162731,74427.352.36$11,590
Dec 20151221,86032.362.00$7,671
Nov 20154131,84538.792.17$20,019
Oct 20151121,02343.552.43$7,360
Sep 20158835442.992.76$4,760
Aug 201514053240.162.87$7,151
Jul 201523783448.152.95$13,868
Jun 20152281,04056.152.88$15,800
May 2015309055.212.96$17,060
Apr 20152551,40949.822.71$16,518
Mar 20152491,76942.892.93$15,871
Feb 20159022,75944.662.98$48,495
Jan 20152491,44743.433.10$15,301
Dec 20143791,58154.693.59$26,405
Nov 201402,03070.464.25$8,631
Oct 20148203,17978.303.90$76,607
Sep 20142752,53586.164.05$33,949
Aug 20145002,75789.394.04$55,820
Jul 20144062,27696.564.18$48,716
Jun 20141,1262,53398.164.74$122,527
May 20145912,52794.734.73$67,929
Apr 20141,0042,74795.944.81$109,534
Mar 20146813,35695.895.06$82,272
Feb 2014023697.406.19$1,461
Jan 201429693490.404.86$31,298
Dec 2013079991.824.35$3,479
Nov 2013091288.853.74$3,409
Oct 20135611,22397.423.78$59,275
Sep 20132331,864104.113.72$31,188
Aug 20132341,138104.253.52$28,403
Jul 20132271,156102.523.72$27,570
Jun 20132441,46194.403.93$28,780
May 20133431,16494.834.15$37,356
Apr 20134451,69893.964.28$49,084
Mar 20132161,62693.623.91$26,584
Feb 20132301,50191.233.42$26,116
Jan 20135971,29491.603.42$59,111
Dec 20124652,00586.773.42$47,205
Nov 20125392,24786.953.62$55,011
Oct 20128822,43989.383.40$87,125
Sep 20123081,87994.672.92$34,642
Aug 20125481,59592.662.91$55,416
Jul 20124372,66885.133.02$45,261
Jun 20122721,76479.822.52$26,155
May 20122752,42891.612.49$31,234
Apr 20124722,273101.652.00$52,518
Mar 20126942,787105.052.22$79,098
Feb 20126242,478101.102.57$69,455
Jan 20121,0532,11398.092.73$109,066
Dec 20115261,81496.873.24$56,831
Nov 20112391,55595.723.31$28,026
Oct 20114521,97984.983.65$45,631
Sep 20115971,64983.623.99$56,494
Aug 20111,3142,28883.404.15$119,081
Jul 20114421,50194.144.52$48,390
Jun 201133780392.904.64$35,033
May 201180030398.134.40$79,839
Apr 2011690417105.964.33$74,919
Mar 201154612796.364.06$53,128
Feb 201115594785.644.18$17,233
Jan 20119352,17686.504.59$90,863
Dec 20106952,16285.734.35$68,982
Nov 20108012,36380.843.80$73,721
Oct 20105832,32878.103.51$53,701
Sep 20106632,57372.633.98$58,393
Aug 20105712,70473.684.42$54,021
Jul 20107692,79472.554.74$69,025
Jun 20108703,18570.364.91$76,853
May 20105563,78771.124.24$55,582
Apr 20108383,00681.694.12$80,849
Mar 20106182,54578.394.39$59,614
Feb 20108842,78873.585.44$80,218
Jan 20101,0893,21274.365.96$100,135
Dec 20096122,87771.445.48$59,498
Nov 20098663,60774.593.75$78,127
Oct 20098144,62672.544.11$78,062
Sep 20091,3465,57965.543.06$105,315
Aug 20099914,99467.423.22$82,886
Jul 20091,2613,02461.133.46$87,562
Jun 20091,4875,48266.163.90$119,732
May 20092,2226,55554.743.93$147,366
Apr 20091,9867,09546.773.59$118,339
Mar 20091,9288,74942.144.06$116,758
Feb 20091,4158,65832.814.63$86,539
Jan 20091,3777,49535.865.37$89,635
Dec 20081,5208,58037.105.98$107,676
Nov 20081,9139,14455.496.86$168,884
Oct 20082,30312,92075.246.92$262,710
Sep 20082,2325,051101.767.88$266,916
Aug 20082,93315,181114.228.48$463,788
Jul 20083,45014,986131.0811.39$622,908
Jun 20083,33518,409131.3313.03$677,903
May 20085,34220,711123.1711.57$897,689
Apr 20082,42311,022110.3110.45$382,515
Mar 20084,72716,286101.909.66$639,070
Feb 20084,4289,12692.538.77$489,763
Jan 20083,5757,19090.388.21$382,108
Dec 20074,1106,59288.337.30$411,171
Nov 20074,3316,73791.677.29$446,147
Oct 20074,6057,54482.856.92$433,744
Sep 20075,8437,86975.846.24$492,268
Aug 20073,6754,85869.066.39$284,828
Jul 20074,6267,14870.906.39$373,644
Jun 20074,4614,70162.007.55$312,067
May 20077,3168,94958.747.85$499,958
Apr 20073,4273,48059.617.81$231,446
Mar 20076,1797,22556.927.30$404,465
Feb 20075,0314,95155.108.22$317,886
Jan 20076,7006,24650.306.73$379,026
Dec 20064,2263,37756.656.92$262,766
Nov 20060054.207.62$0
Oct 20065,1696,49354.906.01$322,826
Sep 20066,4728,51460.085.04$431,724
Aug 20067,73312,06268.717.34$619,869
Jul 20069,14615,84869.376.34$734,978
Jun 20068,87619,73266.286.38$714,268
May 20069,46029,33266.016.42$812,913
Apr 20069,14347,42664.397.36$937,796
Mar 20068,82681,62256.707.08$1,078,556
Feb 200613,33979,22157.597.75$1,382,244
Jan 200602,84060.598.93$25,371
Dec 20050054.9413.42$0

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.

Jul 2025 — as filed, then multipliedworked
Oil                    0 bbl  × $ 66.74 =         $0
Casinghead gas       233 Mcf  × $  3.32 =       $772

────────────────────────────────────────────────────
Month total                                     $772

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/37632 is the state's own key, not one this site invented.