WADDELL RANCH

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

Oil lease lease 45806District 08Field 94482975OilCasinghead gasSaveExport
Value, all time
$11.5 M
Mar 2014 – May 2026
Value, last 12 filed months
$334 k
at the published price for each month
Months reported
147
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 2 wells, and the rule below applies to all of them.

Discovered
2014-03-07
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2015-01-27.

The Commission's schedule remark for this field reads: RULES.

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
OilDisposition193,321 bbl$11,166,901
Casinghead gasProduction128,980 Mcf$373,255
Total$11,540,156

Wells on this lease (2)

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 31.9090, -102.8503. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.90902, -102.85029 · 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
0.0%
0 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
7,153 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
2100.0%

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 7,142 and 7,164 ft, median 7,153 ft, over the 2 wells that filed a depth.

Completions filed
Mar 2014 – Oct 2014
2 of 2 wells

2 wells

42-495335712H7,164 ftOct 2014
42-495335271H7,142 ftMar 2014

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 (147)

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

147 months

May 20263620106.413.05$38,520
Apr 2026185098.932.87$18,302
Mar 2026183089.753.15$16,424
Feb 2026394063.503.75$25,019
Jan 2026191059.138.00$11,294
Dec 2025590056.664.41$33,429
Nov 2025376058.593.93$22,030
Oct 2025382059.383.30$22,683
Sep 2025564062.743.08$35,385
Aug 2025363063.933.01$23,207
Jul 2025568066.743.32$37,908
Jun 2025752066.483.13$49,993
May 2025509060.553.23$30,820
Apr 2025658062.363.54$41,033
Mar 2025367067.704.27$24,846
Feb 2025557070.884.34$39,480
Jan 2025384074.324.28$28,539
Dec 2024716068.993.12$49,397
Nov 2024754069.052.20$52,064
Oct 2024360071.372.28$25,693
Sep 2024725069.612.36$50,467
Aug 2024557075.632.06$42,126
Jul 2024562079.932.15$44,921
Jun 2024366078.082.63$28,577
May 2024561078.812.20$44,212
Apr 20241,047084.451.66$88,419
Mar 2024174080.301.55$13,972
Feb 2024861076.091.78$65,513
Jan 20240073.023.30$0
Dec 2023725071.262.61$51,664
Nov 2023652077.892.81$50,784
Oct 2023472085.443.09$40,328
Sep 20230089.042.74$0
Aug 2023240080.522.67$19,325
Jul 2023377074.852.64$28,218
Jun 2023385068.962.26$26,550
May 2023536070.622.23$37,852
Apr 2023386078.122.24$30,154
Mar 20231,069072.852.39$77,877
Feb 2023364075.112.47$27,340
Jan 2023558076.533.39$42,704
Dec 2022351076.415.73$26,820
Nov 2022511085.005.65$43,435
Oct 2022564087.185.86$49,170
Sep 2022523084.888.16$44,392
Aug 20221,243094.529.13$117,488
Jul 20227090101.587.54$72,020
Jun 20225150115.097.98$59,271
May 20228996109.378.43$98,374
Apr 20221800104.226.84$18,760
Mar 20228390108.885.08$91,350
Feb 2022486091.054.86$44,250
Jan 2022486081.844.54$39,774
Dec 2021647071.323.90$46,144
Nov 2021780077.435.24$60,395
Oct 2021967079.795.71$77,157
Sep 20211,129069.865.35$78,872
Aug 2021652066.024.22$43,045
Jul 2021826070.783.98$58,464
Jun 2021321069.493.38$22,306
May 2021691063.483.02$43,865
Apr 2021651060.362.76$39,294
Mar 2021983061.302.72$60,258
Feb 2021646057.805.55$37,339
Jan 2021805050.412.81$40,580
Dec 2020607044.642.68$27,096
Nov 2020809038.772.71$31,365
Oct 20201,128036.972.48$41,702
Sep 20201,155037.091.99$42,839
Aug 20201,228039.982.39$49,095
Jul 20201,456038.371.83$55,867
Jun 2020348034.901.69$12,145
May 20200016.921.81$0
Apr 20201,084014.751.80$15,989
Mar 20201,341030.341.86$40,686
Feb 2020883049.881.98$44,044
Jan 20201,100057.252.09$62,975
Dec 20191,091059.012.30$64,380
Nov 20191,01765755.302.75$58,047
Oct 20192,1251,54553.472.42$117,360
Sep 201966746255.052.66$37,946
Aug 2019340053.112.30$18,057
Jul 2019690056.272.46$38,826
Jun 20191,019052.782.49$53,783
May 20191,401058.482.74$81,930
Apr 20191,052062.632.75$65,887
Mar 20191,049056.803.06$59,583
Feb 20191,573050.852.79$79,987
Jan 2019672046.033.23$30,932
Dec 20181,055046.594.19$49,152
Nov 20181,609052.934.24$85,164
Oct 20187141,43661.443.40$48,748
Sep 20181,7503,81959.543.11$116,064
Aug 20183,5147,80759.403.07$232,672
Jul 20183,0517,73765.142.93$221,426
Jun 20184,0236,34360.183.08$261,621
May 20182,8924,72365.382.90$202,779
Apr 20182,9334,03363.842.90$198,942
Mar 20184,4336,63361.222.79$289,873
Feb 20183,0414,75061.782.77$201,012
Jan 20181,5862,07862.874.01$108,043
Dec 20171,53696057.272.92$90,771
Nov 20171,5682,41655.423.12$94,433
Oct 20172,7861,28049.292.98$141,141
Sep 20173,4763,09147.523.09$174,722
Aug 20171,9381,94545.373.00$93,771
Jul 20173,1963,13043.873.09$149,872
Jun 20173,1791,37842.493.09$139,330
May 20173,4894,42345.373.26$172,730
Apr 20171,5811,63147.933.21$81,015
Mar 20171,06098046.772.98$52,500
Feb 20171763650.452.95$8,985
Jan 201772570849.413.42$38,243
Dec 201653630648.763.72$27,275
Nov 20161754142.492.64$7,544
Oct 201617716446.193.09$8,682
Sep 201653730141.553.10$23,246
Aug 201635225441.442.92$15,330
Jul 2016868041.622.92$36,126
Jun 2016717045.352.69$32,516
May 20162,29743442.521.99$98,533
Apr 20162,6303,18536.561.99$102,494
Mar 20162,2533,11733.011.79$79,963
Feb 20162,0632,45726.472.06$59,678
Jan 20162,1891,67627.352.36$63,832
Dec 20152,1512,00832.362.00$73,625
Nov 20156801,52238.792.17$29,676
Oct 20152,3423,11043.552.43$109,541
Sep 20152,5452,72742.992.76$116,932
Aug 20152,6722,97540.162.87$115,853
Jul 20152,2113,21348.152.95$115,922
Jun 20152,9513,74456.152.88$176,492
May 20153,6665,21155.212.96$217,801
Apr 20154,1415,39049.822.71$220,893
Mar 20155,7362,12842.892.93$252,262
Feb 20153,8073,51444.662.98$180,479
Jan 20153,7372,82643.433.10$171,060
Dec 20146,0853,26654.693.59$344,518
Nov 20147,1451,40470.464.25$509,406
Oct 20141,049078.303.90$82,137
Sep 20142,084086.164.05$179,557
Aug 20143,134089.394.04$280,148
Jul 20142,205096.564.18$212,915
Jun 20142,101098.164.74$206,234
May 20142,703094.734.73$256,055
Apr 20140095.944.81$0
Mar 20140095.895.06$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.

May 2026 — as filed, then multipliedworked
Oil                  362 bbl  × $106.41 =    $38,520
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $38,520

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/45806 is the state's own key, not one this site invented.