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Producing

WADDEL TR 1

Waddel Tr 1 is an oil lease in Crane County, Texas, operated by Blackbeard Operating, LLC in the University Waddell (Devonian) field.

9 wells

783,711bbl oil, last 12 months+98% vs prior year
Operator
Blackbeard Operating, LLC
County
Crane County
Field
University Waddell (Devonian)
RRC lease
08-60000

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
1,627,149 mcf
Oil in Jul 2026
74,907 bbl

Production by month

Oil output rose 98% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 98% over the last 12 monthsMonthly oil production and gas for WADDEL TR 1, Aug 2023 to Jul 2026. Oil output rose 98% over the last 12 months. 783,711 bbl in the 12 months through Jul 2026, against 395,050 bbl in the 12 months before.Last 12 months: 783,711 bblbbl per monthmcf per month0050k100k100k200k150k300k200k400kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 98% over the last 12 monthsMonthly oil production and gas for WADDEL TR 1, Aug 2023 to Jul 2026. Oil output rose 98% over the last 12 months. 783,711 bbl in the 12 months through Jul 2026, against 395,050 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050k100k100k200k150k300k200k400kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 42.1% of the gas in Mar 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of WADDEL TR 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 42.1% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: line to plantFlared 42.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of WADDEL TR 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 42.1% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Nov 23: line to plantFlared 42.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    88% · 1,434,306 mcf

  • Flared (4)

    12% · 192,843 mcf

11.9% of the gas flared in the last 12 months. 18 months above 3%.

9 wells on this lease

Wells on WADDEL TR 1
API numberWell no.Status
42-103-370683804Active
42-103-373793870Active
42-103-373973834Active
42-103-374293878Active
42-103-374705701HActive
42-103-374843892Active
42-103-374853893Active
42-103-375555820HActive
42-103-375775821HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers30Dec 1, 2021–
Energy Trans Crude Marketing LLCOilGathers30May 1, 2026–
Nile Midstream, LLCOilGathers10May 1, 2026–
Phillips 66 CompanyOilGathers10Dec 1, 2021–
Plains Marketing, L.p.OilGathers10Dec 1, 2021–
Sentinel Transportation, LLCOilGathers10Dec 1, 2021–
Dcp Operating Company, LPCasinghead gasBuys50Dec 1, 2021–
Targa Midstream Services LLCCasinghead gasBuys50May 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers50Dec 1, 2021–
Targa Midstream Services LLCCasinghead gasGathers50Dec 1, 2021–
Targa Midstream Services LLCCasinghead gasBuys50Dec 1, 2021May 1, 2026
Eastex Crude Company, LLCOilGathers10Dec 1, 2021May 1, 2026
Enterprise Crude Oil LLCOilGathers30Dec 1, 2021May 1, 2026

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

Who buys my oilOil price check

17,130 acres on the newest permit

  • Good to know

    14 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Waddel Tr 1
API numberWell no.Acreson the permit
42-103-375775821H17,130
42-103-375555820H17,130
42-103-37484389217,130
42-103-37485389317,130
42-103-374705701H17,130
42-103-36935380517,130
42-103-37429387817,130
42-103-37397383417,130
42-103-0160174717,130
42-103-37298386517,130
42-103-37379387017,130
42-103-36844380817,130

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WADDEL TR 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202674,90774,476173,765172,2061,559$80.46$2.89
Jun 202687,14187,724201,068188,10512,963$84.81$3.15
May 2026133,515134,968251,939246,3295,610$102.13$2.94
Apr 2026126,321124,424214,397160,32254,075$100.32$2.77
Mar 202641,19641,254102,31359,25743,056$91.38$3.04
Feb 202643,85445,19388,38972,94015,449$64.51$3.62
Jan 202651,08549,939110,55793,51917,038$60.04$7.72
Dec 202556,82057,553116,65496,47020,184$57.97$4.26
Nov 202561,16961,332120,387112,1208,267$60.06$3.79
Oct 202559,23958,075110,514106,8473,667$60.89$3.19
Sep 202525,16724,71163,21859,4363,782$63.96$2.97
Aug 202523,29723,51573,94866,7557,193$64.86$2.91
Jul 202528,78328,62286,13876,3779,761$68.39$3.20
Jun 202529,25229,19685,05781,9303,127$68.17$3.02
May 202528,60328,62887,24882,1655,083$62.17$3.12
Apr 202530,62330,48580,05877,1572,901$63.54$3.42
Mar 202533,96234,10586,13786,11918$68.24$4.12
Feb 202531,26031,10575,93874,7971,141$71.53$4.19
Jan 202541,99442,326111,622109,2192,403$75.74$4.13
Dec 202450,46850,691137,247121,65715,590$70.12$3.01
Nov 202437,67137,048114,151109,7504,401$69.95$2.12
Oct 202428,08227,93294,28292,8081,474$71.99$2.20
Sep 202425,48625,40491,01789,0311,986$70.24$2.28
Aug 202428,86628,94795,55794,643914$76.68$1.99
Jul 202437,87638,001106,318101,5584,760$81.80$2.07
Jun 202440,41340,26186,96585,5631,402$79.77$2.54
May 202425,15924,63969,43265,0594,373$80.02$2.12
Apr 202412,31612,52254,57754,247330$85.35$1.60
Mar 202419,26419,35268,05667,948108$81.28$1.49
Feb 202423,76723,88060,72360,7167$77.25$1.72
Jan 202417,02416,35432,02432,0186$74.15$3.18
Dec 20232,3142,3676,0676,0670$71.90$2.52
Nov 20232,0902,1246,9616,9610$77.69$2.71
Oct 20234,9785,07914,96714,9670$85.64$2.98
Sep 20234,0063,92120,05920,0590$89.43$2.64
Aug 20233,9553,99418,13018,1300$81.39$2.58

Flared above 3%

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

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This lease belongs to

OperatorBlackbeard Operating, LLCFieldUniversity Waddell (Devonian)CountyCrane County

Blackbeard Operating, LLC in Crane County

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University Waddell (Devonian) field

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