WADDELL TR 12-13 2MD
WADDELL TR 12-13 2MD 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 June 2025 to August 2026, totalling 172,726 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 $35.2M, with roughly $7.8M 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 14,806 barrels a month. Its strongest month on the record we hold was September 2025, at 31,308 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 12-13 2MD
- Who operates WADDELL TR 12-13 2MD?
- WADDELL TR 12-13 2MD is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is WADDELL TR 12-13 2MD?
- WADDELL TR 12-13 2MD is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64322.
- Is WADDELL TR 12-13 2MD still producing?
- WADDELL TR 12-13 2MD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WADDELL TR 12-13 2MD is August 2026.
- How much has WADDELL TR 12-13 2MD produced?
- WADDELL TR 12-13 2MD has reported 172,726 barrels of oil (bbl) to the Railroad Commission of Texas between June 2025 and August 2026, from 1 wellbore.
- How much is WADDELL TR 12-13 2MD worth?
- The remaining production from WADDELL TR 12-13 2MD is estimated to be worth about $35.2M in total as of 27 August 2026, within a range of $28.8M to $41.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WADDELL TR 12-13 2MD is a fraction of it. The estimate fits an Arps decline curve to the production WADDELL TR 12-13 2MD 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 12-13 2MD is an estimate of value, not an offer and not an appraisal.
- How much income does WADDELL TR 12-13 2MD generate in a year?
- WADDELL TR 12-13 2MD is forecast to net about $7.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WADDELL TR 12-13 2MD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackbeard Operating, LLC |
|---|---|
| Field | University Waddell (Devonian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 64322 |
| Wellbores | 1 |
| Reported production | 172,726 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $35.2M |
Where WADDELL TR 12-13 2MD 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.