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Texas oil lease

Producing

ERWIN-WALTON

Erwin-Walton is an oil lease in Midland County, Texas, operated by Pbex-MCM Operating, LLC in the Azalea (Strawn) field.

1 well

5,980bbl oil, last 12 months−32% vs prior year
Operator
Pbex-MCM Operating, LLC
County
Midland County
Field
Azalea (Strawn)
RRC lease
08-51981

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
7,105 mcf
Oil in Jul 2026
509 bbl

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for ERWIN-WALTON, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 5,980 bbl in the 12 months through Jul 2026, against 8,843 bbl in the 12 months before.Last 12 months: 5,980 bblbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for ERWIN-WALTON, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 5,980 bbl in the 12 months through Jul 2026, against 8,843 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plantShare of ERWIN-WALTON gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2025: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plantShare of ERWIN-WALTON gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Apr 25: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 4 times, most recently in Oct 2025

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Aug 2021; Cambrian Management, Ltd., Sep 2021 to Apr 2023; Octane Energy Operating, LLC, May 2023 to Aug 2024; Pbex Operations, LLC, Sep 2024 to Sep 2025; Pbex-MCM Operating, LLC, Oct 2025 to Jul 20262020202120222023202420252026Changed Sep 2021Changed May 2023Changed Sep 2024Changed Oct 2025Diamondback E&P LLCJan 2020 to Aug 2021Cambrian Management, Ltd.Sep 2021 to Apr 2023Octane Energy Operating, LLCMay 2023 to Aug 2024Pbex Operations, LLCSep 2024 to Sep 2025Pbex-MCM Operating, LLCOct 2025 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Aug 2021; Cambrian Management, Ltd., Sep 2021 to Apr 2023; Octane Energy Operating, LLC, May 2023 to Aug 2024; Pbex Operations, LLC, Sep 2024 to Sep 2025; Pbex-MCM Operating, LLC, Oct 2025 to Jul 20262020202120222023202420252026Changed Sep 2021Changed May 2023Changed Sep 2024Changed Oct 2025Diamondback E&P LLCJan 2020 to Aug 2021Cambrian Management, Ltd.Sep 2021 to Apr 2023Octane Energy Operating, LLCMay 2023 to Aug 2024Pbex Operations, LLCSep 2024 to Sep 2025Pbex-MCM Operating, LLCOct 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on ERWIN-WALTON
API numberWell no.Status
42-329-420322Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Sep 30, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Sep 30, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Sep 30, 2021–
Bml, Inc. BOilGathers100Apr 14, 2020Sep 30, 2021
Dcp Operating Company, LPCasinghead gasGathers100Mar 20, 2018Apr 14, 2020
Dcp Operating Company, LPCasinghead gasBuys100Mar 20, 2018Apr 14, 2020
Bml, Inc. BOilGathers100Mar 20, 2018Apr 14, 2020

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

Who buys my oilOil price check

80 acres on the newest permit

Permits for Erwin-Walton
API numberWell no.Acreson the permit
42-329-42032280

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for ERWIN-WALTON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pbex-MCM Operating,5095377307300$80.46$2.89
Jun 2026Pbex-MCM Operating,4433595755750$84.81$3.15
May 2026Pbex-MCM Operating,4205126376370$102.13$2.94
Apr 2026Pbex-MCM Operating,4645235905900$100.32$2.77
Mar 2026Pbex-MCM Operating,4855275445440$91.38$3.04
Feb 2026Pbex-MCM Operating,3873644354350$64.51$3.62
Jan 2026Pbex-MCM Operating,5075074764760$60.04$7.72
Dec 2025Pbex-MCM Operating,6297057327320$57.97$4.26
Nov 2025Pbex-MCM Operating,4303605045040$60.06$3.79
Oct 2025Pbex-MCM Operating,6533465855850$60.89$3.19
Sep 2025Pbex Operations,5135164634630$63.96$2.97
Aug 2025Pbex Operations,5407138348340$64.86$2.91
Jul 2025Pbex Operations,8558831,1371,1370$68.39$3.20
Jun 2025Pbex Operations,3591805485480$68.17$3.02
May 2025Pbex Operations,6165321,0481,0480$62.17$3.12
Apr 2025Pbex Operations,6167129619610$63.54$3.42
Mar 2025Pbex Operations,7598961,2241,2240$68.24$4.12
Feb 2025Pbex Operations,1,2181,0611,1061,1060$71.53$4.19
Jan 2025Pbex Operations,8118941,0611,0610$75.74$4.13
Dec 2024Pbex Operations,9568921,4401,4400$70.12$3.01
Nov 2024Pbex Operations,9428811,2081,2080$69.95$2.12
Oct 2024Pbex Operations,6858736036030$71.99$2.20
Sep 2024Pbex Operations,2410000$70.24$2.28
Aug 2024Octane Energy7858255525520$76.68$1.99
Jul 2024Octane Energy5967308708700$81.80$2.07
Jun 2024Octane Energy1,0251,0411,7601,7600$79.77$2.54
May 2024Octane Energy7627111,4941,4940$80.02$2.12
Apr 2024Octane Energy6867341,1921,1920$85.35$1.60
Mar 2024Octane Energy8238911,8661,8660$81.28$1.49
Feb 2024Octane Energy1,0287532,4922,4920$77.25$1.72
Jan 2024Octane Energy1,0701,2862,8232,8230$74.15$3.18
Dec 2023Octane Energy9509531,6541,6540$71.90$2.52
Nov 2023Octane Energy7481,0881,3801,3800$77.69$2.71
Oct 2023Octane Energy1,0687081,9371,9370$85.64$2.98
Sep 2023Octane Energy1681664354350$89.43$2.64
Aug 2023Octane Energy9478701,8491,8490$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorPbex-MCM Operating, LLCFieldAzalea (Strawn)CountyMidland County

Pbex-MCM Operating, LLC in Midland County

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Azalea (Strawn) field

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