LEASES · O-10-54505 · OIL · DISTRICT 08
Rust 24
ReportingFormentera Operations LLC · Winkler County · Keystone (Wolfcamp) field
Rust 24 is an RRC oil lease (O-10-54505) in Winkler County operated by Formentera Operations LLC, with 2 wells completed on it.
It has reported 424K barrels of oil and 1.3M mcf of gas since August 2019, last reporting volume in April 2026 (statewide data runs through April 2026).
The last 12 reported months total 42.9K barrels of oil, down 17% on the year before; the lease peaked at 12.4K barrels in February 2022.
3 operators have filed production on it, most recently Formentera Operations LLC since May 2024.
- 424K
- bbl oil, all reported
- 1.3M
- mcf gas incl. casinghead
- 42.9K
- bbl oil, last 12 reported
- -17%
- vs the 12 before
- 2
- wells completed on it
- 12.4K
- peak month, bbl (Feb 2022)
PDQ LEASE REPORTS · FIRST AUG 2019 · LAST VOLUME APR 2026 · STATEWIDE DATA THROUGH APR 2026
Oil by month
Barrels reported on Form PR for the whole lease. The latest months are revised upward as late reports arrive.
Last 12 months 42,915 · prior 12 51,579(-17%)
Gas by month
Gas-well gas plus casinghead gas, mcf. On an oil lease all gas is reported as casinghead. The latest months are revised upward as late reports arrive.
Last 12 months 166,062 · prior 12 206,560(-20%)
Decline curve
A MODEL FITTED TO THE REPORTS, NOT A REPORT
An Arps hyperbolic curve fitted to the 51 reporting months of oil since the peak in Feb 2022. The dashed line below is that curve, drawn over the months it was fitted to and then 24 months past the last report; where it parts from the columns is where the model stops describing the lease. It describes the trend of past reports. It does not know about recompletions, shut-ins, or new wells, and it is shown only when the lease reported within the last year and the curve explains most of the history.
- 46%
- first-year decline from the peak (nominal Di 107%)
- 1.6
- b factor (hyperbolic)
- 0.87
- fit R²
- 756K
- bbl remaining on the curve, to 1 per month
Oil, barrels reported months since the peak, with the fitted curve and its projection
Last 12 months 42,915 · prior 12 51,579(-17%)
Fitted hyperbolic curve from the Feb 2022 peak, dashed 24 months past the last report
| Projected month | Oct 2026 | Apr 2027 | Oct 2027 | Apr 2028 |
|---|---|---|---|---|
| On the curve, bbl per month | 3,111 | 2,939 | 2,790 | 2,659 |
Quoting a projected figure as if it were reported would be wrong; the reported figures are the ones in the charts and the table view. How production is reported →
Who reported it
Each run of months one operator filed the production report, oldest first.
- Boyd & McWilliams Operating, LLCAug 2019 → Jul 2021 · 24 mo
- Saddleback Exploration, LLCAug 2021 → Apr 2024 · 33 mo
- Formentera Operations LLCMay 2024 → Jul 2026 · 27 mo
Wells on the lease
FROM COMPLETION REPORTS · PRODUCTION ABOVE IS THEIR TOTAL
2
wells completed on the lease
- Producing
- 2
Operates them now
About this data
Monthly oil, gas, and casinghead from the RRC PDQ production dump, which lags the reporting month by two to three months; figures shown through Apr 2026. Wells from completion reports; operator runs from who filed each month's report.
Developers: this page as JSON is GET /v1/data/leases/tx/o-10-54505, documented in the API reference.