WADDELL TR AB 2M
WADDELL TR AB 2M is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Blackbeard Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2025 to August 2026, totalling 33,149 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $15.4M, with roughly $3.4M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 5,452 barrels a month. Its strongest month on the record we hold was March 2026, at 8,360 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about WADDELL TR AB 2M
- Who operates WADDELL TR AB 2M?
- WADDELL TR AB 2M is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is WADDELL TR AB 2M?
- WADDELL TR AB 2M is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64746.
- Is WADDELL TR AB 2M still producing?
- WADDELL TR AB 2M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADDELL TR AB 2M is August 2026.
- How much has WADDELL TR AB 2M produced?
- WADDELL TR AB 2M has reported 33,149 barrels of oil (bbl) to the Railroad Commission of Texas between December 2025 and August 2026, from 1 wellbore.
- How much is WADDELL TR AB 2M worth?
- The remaining production from WADDELL TR AB 2M is estimated to be worth about $15.4M in total as of 27 August 2026, within a range of $12.8M to $18.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADDELL TR AB 2M is a fraction of it. The estimate fits an Arps decline curve to the production WADDELL TR AB 2M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WADDELL TR AB 2M is an estimate of value, not an offer and not an appraisal.
- How much income does WADDELL TR AB 2M generate in a year?
- WADDELL TR AB 2M is forecast to net about $3.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADDELL TR AB 2M receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackbeard Operating, LLC |
|---|---|
| Field | Sand Hills (Mcknight) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 64746 |
| Wellbores | 1 |
| Reported production | 33,149 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15.4M |
Where WADDELL TR AB 2M sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.