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Texas oil lease

Producing

WADDELL TR 1

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

4 wells

70,999bbl oil, last 12 months−33% vs prior year
RRC lease
08-08732

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
67,501 mcf
Oil in Jul 2026
5,627 bbl

Production by month

Oil output fell 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for WADDELL TR 1, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 70,999 bbl in the 12 months through Jul 2026, against 106,735 bbl in the 12 months before.Last 12 months: 70,999 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for WADDELL TR 1, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 70,999 bbl in the 12 months through Jul 2026, against 106,735 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 57.9% of the gas in Dec 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Dec 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of WADDELL TR 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 57.9% of the gas in Dec 2024.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2023: line to plantFlared 57.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Dec 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of WADDELL TR 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 57.9% of the gas in Dec 2024.Share of gas by disposition code0%50%100%Dec 23: line to plantFlared 57.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    92% · 61,987 mcf

  • Flared (4)

    8.2% · 5,514 mcf

8.2% of the gas flared in the last 12 months. 24 months above 3%.

4 wells on this lease

Wells on WADDELL TR 1
API numberWell no.Status
42-103-369353805Active
42-103-370133803Active
42-103-372983865Active
42-103-373313871Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers30May 1, 2026–
Energy Trans Crude Marketing LLCOilGathers30May 1, 2026–
Nile Midstream, LLCOilGathers10May 1, 2026–
Phillips 66 CompanyOilGathers10Jun 2, 2020–
Plains Marketing, L.p.OilGathers10Jun 2, 2020–
Sentinel Transportation, LLCOilGathers10Jun 1, 2020–
Dcp Operating Company, LPCasinghead gasBuys50Jun 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys50May 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers50Jun 1, 2020–
Targa Midstream Services LLCCasinghead gasGathers50Jun 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys50Jan 1, 2023May 1, 2026
Anchor Crude Marketing, LLCOilGathers40Jan 1, 2023May 1, 2026
Eastex Crude Company, LLCOilGathers10Jan 1, 2023May 1, 2026
Enterprise Crude Oil LLCOilGathers10Jan 1, 2023May 1, 2026
Shell Trading (Us) CompanyOilGathers10Jun 2, 2020May 1, 2026
Targa Midstream Services LLCCasinghead gasBuys50Jun 1, 2020Jan 1, 2023

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

17,130 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 17,130 and 30,071 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    12 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 Waddell Tr 1
API numberWell no.Acreson the permit
42-103-36935380517,130
42-103-37331387117,130
42-103-37298386517,130
42-103-36995387317,130
42-103-36844380817,130
42-103-37013380317,130
42-103-0108322630,071
42-103-01083226 L30,071
42-103-01011210–
42-103-01011210 L–
42-103-01077220 L–
42-103-01109252 L–

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

Estimate your royalty

36 months, newest first

Ledger for WADDELL TR 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,6275,6877,4676,932535$80.46$2.89
Jun 20265,6575,5516,3846,101283$84.81$3.15
May 20265,3615,3115,8925,643249$102.13$2.94
Apr 20265,0875,2665,2834,578705$100.32$2.77
Mar 20264,5454,3266,1255,729396$91.38$3.04
Feb 20264,1064,1953,9593,9536$64.51$3.62
Jan 20266,0496,2774,4774,242235$60.04$7.72
Dec 20256,8976,6825,3105,043267$57.97$4.26
Nov 20256,3776,5414,5564,385171$60.06$3.79
Oct 20257,3557,0586,4495,493956$60.89$3.19
Sep 20256,4906,6456,0034,5551,448$63.96$2.97
Aug 20257,4487,3335,5965,333263$64.86$2.91
Jul 20257,4767,5716,0514,9561,095$68.39$3.20
Jun 20256,8976,9136,1875,0851,102$68.17$3.02
May 20257,7597,7196,1904,4251,765$62.17$3.12
Apr 20258,3328,2776,7796,143636$63.54$3.42
Mar 20258,7448,8348,0908,0828$68.24$4.12
Feb 20258,2468,1076,8576,601256$71.53$4.19
Jan 20259,8179,9367,1156,832283$75.74$4.13
Dec 202410,01610,1216,0222,5373,485$70.12$3.01
Nov 20249,6009,4857,0466,111935$69.95$2.12
Oct 20249,7989,7278,5688,401167$71.99$2.20
Sep 20249,6459,8028,0797,620459$70.24$2.28
Aug 202410,40510,3007,7937,555238$76.68$1.99
Jul 202410,43010,3777,0386,487551$81.80$2.07
Jun 202411,24011,2785,5125,49913$79.77$2.54
May 20247,0097,0824,6954,432263$80.02$2.12
Apr 202417,04117,34311,23710,882355$85.35$1.60
Mar 202422,95823,07913,56113,47982$81.28$1.49
Feb 202422,05222,55513,64613,6397$77.25$1.72
Jan 202429,25127,98615,84915,8409$74.15$3.18
Dec 202336,67937,94333,37933,3790$71.90$2.52
Nov 202348,13348,27939,30439,3040$77.69$2.71
Oct 202343,14042,87222,26422,2640$85.64$2.98
Sep 202322,67722,19913,16013,1600$89.43$2.64
Aug 202324,16024,03215,02615,0260$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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Nearby

Blackbeard Operating, LLC in Crane County

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Waddell (Silurian) field

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