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Texas oil lease

Producing

BASHARA, J. M.

Bashara, J. M. is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone (Colby) field.

3 wells

1,101bbl oil, last 12 months−14% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone (Colby)
RRC lease
08-03317

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
310 mcf
Oil in Jul 2026
103 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for BASHARA, J. M., Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,101 bbl in the 12 months through Jul 2026, against 1,280 bbl in the 12 months before.Last 12 months: 1,101 bblbbl per monthmcf per month0050251005015075200100250125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for BASHARA, J. M., Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,101 bbl in the 12 months through Jul 2026, against 1,280 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050251005015075200100250125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of BASHARA, J. M. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of BASHARA, J. M. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in May 2024

Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to May 2021; Saddleback Exploration, LLC, Jun 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Jun 2021Changed May 2024Blackbeard Operating, LLCJan 2020 to May 2021Saddleback Exploration, LLCJun 2021 to Apr 2024Formentera Operations LLCMay 2024 to now
Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to May 2021; Saddleback Exploration, LLC, Jun 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Jun 2021Changed May 2024Blackbeard Operating, LLCJan 2020 to May 2021Saddleback Exploration, LLCJun 2021 to Apr 2024Formentera Operations LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on BASHARA, J. M.
API numberWell no.Status
42-495-051831Shut-in
42-495-051842Active
42-495-051853WActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Dec 21, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Dec 21, 2022–
Etc Texas P/L, LTDCasinghead gasBuys100Dec 21, 2022Oct 1, 2023
Energy Transfer CompanyCasinghead gasGathers50May 1, 2018Dec 21, 2022
Targa Midstream Services LLCCasinghead gasGathers50May 1, 2018Dec 21, 2022
Etc Texas P/L, LTDCasinghead gasBuys50Apr 13, 2022Dec 21, 2022
Targa Midstream Services LLCCasinghead gasBuys50May 1, 2018Dec 21, 2022
Eastex Crude CompanyOilGathers100Jun 1, 2021Dec 21, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

What the drilling permits say

Permits for Bashara, J. M.
API numberWell no.Acreson the permit
42-495-051831–
42-495-051842–
42-495-051853–
42-495-051853W–

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for BASHARA, J. M.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations103144000$80.46$2.89
Jun 2026Formentera Operations6446000$84.81$3.15
May 2026Formentera Operations8392000$102.13$2.94
Apr 2026Formentera Operations11595000$100.32$2.77
Mar 2026Formentera Operations969319190$91.38$3.04
Feb 2026Formentera Operations999157570$64.51$3.62
Jan 2026Formentera Operations7713739390$60.04$7.72
Dec 2025Formentera Operations964749490$57.97$4.26
Nov 2025Formentera Operations909139390$60.06$3.79
Oct 2025Formentera Operations989141410$60.89$3.19
Sep 2025Formentera Operations909334340$63.96$2.97
Aug 2025Formentera Operations9010132320$64.86$2.91
Jul 2025Formentera Operations10810248480$68.39$3.20
Jun 2025Formentera Operations9710257570$68.17$3.02
May 2025Formentera Operations9421638380$62.17$3.12
Apr 2025Formentera Operations16262000$63.54$3.42
Mar 2025Formentera Operations132124000$68.24$4.12
Feb 2025Formentera Operations104124000$71.53$4.19
Jan 2025Formentera Operations113124000$75.74$4.13
Dec 2024Formentera Operations11561000$70.12$3.01
Nov 2024Formentera Operations118123000$69.95$2.12
Oct 2024Formentera Operations120183000$71.99$2.20
Sep 2024Formentera Operations10267000$70.24$2.28
Aug 2024Formentera Operations150000$76.68$1.99
Jul 2024Formentera Operations270000$81.80$2.07
Jun 2024Formentera Operations187230000$79.77$2.54
May 2024Formentera Operations144153110$80.02$2.12
Apr 2024Saddleback Exploration,109111000$85.35$1.60
Mar 2024Saddleback Exploration,136153000$81.28$1.49
Feb 2024Saddleback Exploration,13882000$77.25$1.72
Jan 2024Saddleback Exploration,15123347470$74.15$3.18
Dec 2023Saddleback Exploration,1317681810$71.90$2.52
Nov 2023Saddleback Exploration,15715360600$77.69$2.71
Oct 2023Saddleback Exploration,13916061610$85.64$2.98
Sep 2023Saddleback Exploration,1501541101100$89.43$2.64
Aug 2023Saddleback Exploration,76731121120$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldKeystone (Colby)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone (Colby) field

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