LEASES · O-10-59064 · OIL · DISTRICT 08
Tercero
ReportingFormentera Operations LLC · Winkler County · Keystone (Wolfcamp) field
Tercero is an RRC oil lease (O-10-59064) in Winkler County operated by Formentera Operations LLC, with one well completed on it.
It has reported 121K barrels of oil and 128K mcf of gas since November 2022, last reporting volume in April 2026 (statewide data runs through April 2026).
The last 12 reported months total 26.5K barrels of oil, down 8% on the year before; the lease peaked at 8.87K barrels in January 2023.
2 operators have filed production on it, most recently Formentera Operations LLC since May 2024.
- 121K
- bbl oil, all reported
- 128K
- mcf gas incl. casinghead
- 26.5K
- bbl oil, last 12 reported
- -8%
- vs the 12 before
- 1
- wells completed on it
- 8.87K
- peak month, bbl (Jan 2023)
PDQ LEASE REPORTS · FIRST NOV 2022 · 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 26,541 · prior 12 28,715(-8%)
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 38,348 · prior 12 20,150(+90%)
Decline curve
None shown. Petrora fits an Arps curve only when the last ten years of oil reports follow one decline closely enough to project (R² of 0.7 or better over at least a year since the peak). This lease's recent history does not, so a projection would be a guess dressed as a number.
Who reported it
Each run of months one operator filed the production report, oldest first.
- Saddleback Exploration, LLCNov 2022 → Apr 2024 · 18 mo
- Formentera Operations LLCMay 2024 → Jul 2026 · 27 mo
Wells on the lease
FROM COMPLETION REPORTS · PRODUCTION ABOVE IS THEIR TOTAL
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.
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