WADDELL TR B

Operated by BLACKBEARD OPERATING, LLC (P-5 73056) in the SAND HILLS (TUBB) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 56423District 08Field 80473682Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.1 M
Apr 2020 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
74
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 177 leases and 1,443 wells, and the rule below applies to all of them.

Discovered
1930-12-31
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 2024-12-18.

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: PRORATION ACRES PLATS AT THEIR OPTION

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
OilDisposition26,208 bbl$1,875,800
Casinghead gasProduction37,363 Mcf$177,511
Total$2,053,311

Wells on this lease (29)

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 31.5102, -102.5933. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.50973, -102.59390 · 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
31.0%
9 of 29 wells
With a plug date
24.1%
7 of 29 wells
Median depth
4,900 ft
29 wells filed one
Completion to plug
8.5 years
median over 6 wells

What the state filed about each well

On the RRC proration schedule
931.0%
A plug date is filed
724.1%
BothOn the schedule and plugged. Neither fact cancels the other.
724.1%
NeitherNo plug date, and not on the schedule.
2069.0%

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

Total depth in feet, 29 of 29 wells. Median 4,900 ft, with the middle half between 4,850 and 4,921 ft; the shallowest is 4,770 ft and the deepest 5,917 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 28 of 29 wells, Nov 1993 – Feb 2026. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Nov 1993 – Feb 2026
28 of 29 wells; 1 filed none
Plug dates filed
Jan 2024 – Oct 2024
7 of 29 wells; 22 filed none

Last completion to plug: a median of 8.5 years across the 6 wells that filed both dates, with the middle half between 7.5 years and 20.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

29 wells

42-10302314194,810 ftSep 2024Yes
42-1033461214884,903 ftFeb 2026Yes
42-1033422814114,921 ftOct 2025
42-1033429814704,990 ftOct 2023Yes
42-1033422714174,944 ftJan 2022Aug 2024Yes
42-1033422914124,924 ftJul 2021
42-103344001490 W4,800 ftMar 2021
42-1033427314514,992 ftOct 2017
42-10302369764,825 ftDec 2016Feb 2024Yes
42-10302391994,900 ftMay 2016Oct 2024Yes
42-1033429714744,900 ftMar 2016
42-1033427414504,996 ftDec 2015Jun 2024Yes
42-1033421814204,874 ftOct 2015
42-1033440414914,802 ftJun 2015
42-1033422514104,920 ftMar 2015
42-103342671456 W4,850 ftOct 2008
42-1033426614574,855 ftJun 2007
42-1033427114524,904 ftAug 1999Sep 2024Yes
42-103342991472W4,988 ftJun 1997
42-1030236269W4,770 ftMar 1996
42-103023921004,800 ftJul 1995
42-10302378864,850 ftMay 1995
42-103112639755,917 ftOct 1994
42-10302397105W4,890 ftSep 1994
42-10305726664,780 ftSep 1994Jan 2024Yes
42-1033426914544,902 ftJul 1994
42-103342681455W4,862 ftJun 1994
42-1030237178W4,910 ftJan 1994
42-1030232934W4,900 ftNov 1993

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 (74)

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

74 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 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
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 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20235162,70077.892.81$47,772
Oct 20234202,01985.443.09$42,118
Sep 20235522,77189.042.74$56,729
Aug 20234133,18780.522.67$41,773
Jul 20239656474.852.64$8,676
Jun 20231841,41868.962.26$15,891
May 20238052370.622.23$6,815
Apr 202316784678.122.24$14,939
Mar 20232571,58772.852.39$22,520
Feb 20231641,30975.112.47$15,546
Jan 20231977876.533.39$15,341
Dec 202278516976.415.73$60,950
Nov 202279496785.005.65$72,950
Oct 202299038387.185.86$88,554
Sep 20221,5164,05084.888.16$161,741
Aug 20222,1164,85094.529.13$244,271
Jul 20222,4432,407101.587.54$266,314
Jun 20221,265599115.097.98$150,367
May 2022491490109.378.43$57,833
Apr 202222863104.226.84$24,193
Mar 2022285190108.885.08$31,995
Feb 202241567891.054.86$41,080
Jan 202234543481.844.54$30,204
Dec 20212457571.323.90$17,766
Nov 202125412277.435.24$20,306
Oct 202116910579.795.71$14,084
Sep 20211223969.865.35$8,732
Aug 202134216666.024.22$23,279
Jul 202150522770.783.98$36,648
Jun 202128310469.493.38$20,017
May 20214339163.483.02$27,761
Apr 202153914160.362.76$32,923
Mar 202148411561.302.72$29,982
Feb 202147311157.805.55$27,955
Jan 202173417650.412.81$37,496
Dec 202078518944.642.68$35,548
Nov 202085116538.772.71$33,440
Oct 202083219436.972.48$31,240
Sep 202096616137.091.99$36,150
Aug 202057917939.982.39$23,575
Jul 202062231038.371.83$24,432
Jun 202069049534.901.69$24,918
May 202078494916.921.81$14,987
Apr 202079796714.751.80$13,501

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.

Nov 2023 — as filed, then multipliedworked
Oil                  516 bbl  × $ 77.89 =    $40,191
Casinghead gas     2,700 Mcf  × $  2.81 =     $7,580

────────────────────────────────────────────────────
Month total                                  $47,772

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/56423 is the state's own key, not one this site invented.