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Texas oil lease

Producing

SEGUNDO

Segundo is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Keystone (Wolfcamp) field.

1 well

59,439bbl oil, last 12 months+9% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Keystone (Wolfcamp)
RRC lease
08-59025

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
28,266 mcf
Oil in Jul 2026
5,788 bbl

Production by month

Oil output rose 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 9% over the last 12 monthsMonthly oil production and gas for SEGUNDO, Aug 2023 to Jul 2026. Oil output rose 9% over the last 12 months. 59,439 bbl in the 12 months through Jul 2026, against 54,702 bbl in the 12 months before.Last 12 months: 59,439 bblbbl per monthmcf per month002,5002,0005,0004,0007,5006,00010k8,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 9% over the last 12 monthsMonthly oil production and gas for SEGUNDO, Aug 2023 to Jul 2026. Oil output rose 9% over the last 12 months. 59,439 bbl in the 12 months through Jul 2026, against 54,702 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,5002,0005,0004,0007,5006,00010k8,000Jan 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 SEGUNDO 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 SEGUNDO 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 once, most recently in May 2024

Operators of this lease over timeSaddleback Exploration, LLC, Dec 2022 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262023202420252026Changed May 2024Saddleback Exploration, LLCDec 2022 to Apr 2024Formentera Operations LLCMay 2024 to now
Operators of this lease over timeSaddleback Exploration, LLC, Dec 2022 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262023202420252026Changed May 2024Saddleback Exploration, LLCDec 2022 to Apr 2024Formentera Operations LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on SEGUNDO
API numberWell no.Status
42-495-346591HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Eastex Crude Company, LLCOilGathers100Nov 22, 2022
Energy Transfer CompanyCasinghead gasBuys100Nov 22, 2022
Energy Transfer CompanyCasinghead gasGathers100Nov 22, 2022

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

Who buys my oilOil price check

480 acres on the newest permit

Permits for Segundo
API numberWell no.Acreson the permit
42-495-346591H480

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for SEGUNDO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations5,7886,087000$80.46$2.89
Jun 2026Formentera Operations5,8995,381000$84.81$3.15
May 2026Formentera Operations5,8366,032000$102.13$2.94
Apr 2026Formentera Operations6,9337,0314,8694,8690$100.32$2.77
Mar 2026Formentera Operations7,7148,0104,8984,8980$91.38$3.04
Feb 2026Formentera Operations2,9632,6383,0153,0150$64.51$3.62
Jan 2026Formentera Operations4,2564,1054,2794,2790$60.04$7.72
Dec 2025Formentera Operations4,0354,0994,1814,1810$57.97$4.26
Nov 2025Formentera Operations3,8303,7781,5761,5760$60.06$3.79
Oct 2025Formentera Operations3,9534,1131,9501,9500$60.89$3.19
Sep 2025Formentera Operations3,9463,9163,4983,4980$63.96$2.97
Aug 2025Formentera Operations4,2864,268000$64.86$2.91
Jul 2025Formentera Operations4,6574,4099809800$68.39$3.20
Jun 2025Formentera Operations4,2044,2452,6702,6700$68.17$3.02
May 2025Formentera Operations4,3964,5681,9601,9600$62.17$3.12
Apr 2025Formentera Operations4,3354,424000$63.54$3.42
Mar 2025Formentera Operations4,6034,604000$68.24$4.12
Feb 2025Formentera Operations3,6083,612000$71.53$4.19
Jan 2025Formentera Operations4,6574,7801,8201,8200$75.74$4.13
Dec 2024Formentera Operations4,7574,6174,5264,5260$70.12$3.01
Nov 2024Formentera Operations4,7994,5753,2993,2990$69.95$2.12
Oct 2024Formentera Operations4,7825,0255,5055,5050$71.99$2.20
Sep 2024Formentera Operations4,6804,5745,0185,0180$70.24$2.28
Aug 2024Formentera Operations5,2245,3854,8464,8460$76.68$1.99
Jul 2024Formentera Operations4,8984,89250500$81.80$2.07
Jun 2024Formentera Operations5,1815,2063,8873,8870$79.77$2.54
May 2024Formentera Operations5,2434,9792,1512,1510$80.02$2.12
Apr 2024Saddleback Exploration,3,9434,2773,1293,1290$85.35$1.60
Mar 2024Saddleback Exploration,5,5155,2292,4772,4770$81.28$1.49
Feb 2024Saddleback Exploration,5,8115,8794,7704,7700$77.25$1.72
Jan 2024Saddleback Exploration,6,0446,6885,2095,2090$74.15$3.18
Dec 2023Saddleback Exploration,6,7146,2216,5656,5650$71.90$2.52
Nov 2023Saddleback Exploration,5,3795,3151,2501,2500$77.69$2.71
Oct 2023Saddleback Exploration,7,8787,8414,1454,1450$85.64$2.98
Sep 2023Saddleback Exploration,6,9706,9806,6816,6810$89.43$2.64
Aug 2023Saddleback Exploration,8,9638,8484,9754,9750$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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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldKeystone (Wolfcamp)CountyWinkler County

Formentera Operations LLC in Winkler County

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Keystone (Wolfcamp) field

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