OPERATORS · RRC 276959 · P-5 STATUS Y
Formentera Operations LLC
Austin, TX · most active in Frio County
Watch this operatorFormentera Operations LLC was issued 43 drilling permits in the past 12 months, up 65% on the prior year, all in Frio County. 88% were horizontal.
13 were issued in the past 90 days, level with the prior quarter.
The RRC wellbore file lists 4,559 wells under its operatorship (1,868 producing, 989 shut in).
Lease reports credit it with 2.55M barrels of oil and 31.7M mcf of gas in the 12 months reported through April 2026, down 6% on the year before.
It holds 429 active disposal or injection permits, injecting 30.6M barrels in the 12 months reported through June 2025.
89 drilling permits have been issued to this operator number since 1996; its P-5 organization report was last filed May 4, 2026.
- 43
- permits, last 12 months
- +65%
- vs prior 12 months (26)
- 1
- counties, 12 months
- 1.87K
- producing wells, of 4.56K of record
- 1.88K
- leases it reports
- 88%
- horizontal, 12 months
WINDOWS ON THE RRC ISSUE DATE · COMPUTED OCT 29, 2026
From permit to spud
FROM THE DATES ON ITS W-1 PERMITS · ALL TIME
A permit is a plan, not a well. These figures count only permits old enough to have spudded, six months and more, and read the spud, cancel, and expiry dates the RRC records on each one.
- 41%
- spud rate · 26 of 63 mature permits
- 71
- median days permit to spud · middle half 46–92
- 5
- spuds, last 180 days +0%
- 0%
- cancelled · 0 permits
- 59
- expired undrilled
- 3
- permits a year over 31 active years
Permits issued by month
LAST 23 MONTHS · BY ISSUE DATE
Last 12 months 60
Where
Counties by permits in the last 12 months, with all-time permits and current wells of record there.
| County | 12 mo | All time | Wells | Last |
|---|---|---|---|---|
| Frio county → | 43 | 68 | 64 | Sep 23, 2026 |
| Crane county → | — | 16 | 897 | Jun 13, 2025 |
| Winkler county → | — | 4 | 538 | May 23, 2025 |
| Ector county → | — | 1 | 1,661 | Oct 10, 1996 |
All 89 permits, searchable → · Leases it reports → · On the map →
Formations in its completed wells
Tops reported on completion filings for wells it operates. RRC wellbore file. About tops →
| Formation | Wells | Permitted last 3 yrs |
|---|---|---|
| Navarro | 28 | 28 |
| Escondido | 28 | 28 |
| Olmos | 25 | 25 |
| Anacacho | 21 | 21 |
| Eagle Ford | 20 | 20 |
| Austin Chalk | 20 | 20 |
| Buda | 16 | 16 |
| San Miguel | 16 | 16 |
| Midway | 14 | 14 |
| Georgetown | 13 | 13 |
| Pearsall | 13 | 13 |
| Wilcox | 11 | 11 |
| Del Rio | 10 | 10 |
| Glen Rose | 6 | 6 |
| Edwards | 5 | 5 |
Production by month
PDQ LEASE REPORTS · REPORTED THROUGH APR 2026
Barrels on leases where this operator filed the production report. Lease-level by design; the latest months are revised upward as late reports arrive. How production is reported →
- 2.55M
- bbl oil, last 12 reported months
- -6%
- vs the 12 months before
- 31.7M
- mcf gas incl. casinghead, last 12
- 7.17M
- bbl oil since reporting began
Gas, mcf
Last 12 months 31,749,976 · prior 12 15,395,083(+106%)
Oil, barrels
Last 12 months 2,553,296 · prior 12 2,715,788(-6%)
Beyond the permit record
RRC wellbore file
Wells of record
- 4,559
- on the schedule
- 1,868
- producing
- 989
- shut in
- 81
- injection
- 225
- temp. abandoned
- 849
- plugged
How it got them
- 30
- permitted itself
- 3,175
- acquired from others
- 0
- permitted, now run by others
Acquired means the well's permit names a different operator than the schedule does today. Transfers and operator numbers →
RRC UIC permits · H-10 reported volumes
Disposal and injection
- 429
- active UIC permits of 497
- 1.25M
- permitted bbl/day, active
- 30.6M
- bbl injected, last 12 reported months
- Jun 2025
- reported through
By county
| Ector | 276 active | 708K bbl/d |
| Crane | 75 active | 242K bbl/d |
| Winkler | 64 active | 164K bbl/d |
| Frio | 3 active | 60K bbl/d |
| Johnson | 2 active | 50K bbl/d |
| Tarrant | 1 active | 20K bbl/d |
| Andrews | 6 active | 5.5K bbl/d |
| Crockett | 2 active | 1.9K bbl/d |
Permitted volume is a ceiling, not throughput. How to read it →
Permit types
Last 12 months against the prior 12, and all time. A type opens the permit history filtered to it. What the types mean →
| Type | 12 mo | Prior 12 | All time |
|---|---|---|---|
| Drill | 44 | 21 | 85 |
| Recompletion | 0 | 4 | 4 |
| Field transfer | 0 | 1 | 1 |
Fields
RRC regulatory fields with the most wells of record under this operator. The field opens its page; the count opens this operator's wells in it.
| Field | Wells | Producing |
|---|---|---|
| TXL (Tubb)88071696 | 1,093 | 314 |
| Newark East (Barnett Shale)65280200 | 1,073 | 917 |
| Goldsmith (Clear Fork)35652062 | 410 | 79 |
| Sand Hills (Tubb)80473682 | 284 | 14 |
| Keystone (Colby)49129132 | 214 | 8 |
| Sand Hills (McKnight)80473310 | 167 | 48 |
| Kermit49038001 | 165 | 0 |
| Stiles Ranch (Granite Wash Cons)86125250 | 155 | 117 |
| Dune26538001 | 143 | 46 |
| Sand Hills (Judkins)80473248 | 87 | 16 |
| Briscoe Ranch (Eagleford)12018200 | 62 | 57 |
| University Waddell (Devonian)92618125 | 52 | 11 |
P-5 organization report
As registered with the RRC. About the P-5 →
- Registration
- Status code Y
- Last filed May 4, 2026
- CSGD/PG/PURGas operatorOil operator
- Address
- 300 Colorado Street 1900 Attn: Shawna Yezak-Moffett
- Austin, TX 78701
- (844) 509-5768
- Officers and agents
- CT Corporation System · Texas Resident Agent
- Formentera Investments LLC · Manager
- Treadwell, Paul · Vice President
- London, Blake · Treasurer,vice President
- Reed, Stephanie Lane · Vice President
- Sheffield, Bryan Scott · President
- Heintz, Lindsey · Secretary
- Steinberg, Jordan Elliott · Secretary
- All 9 on the P-5 →
Latest permits
NEWEST FIRST BY ISSUE DATE · FILED OR ON WELLS IT NOW OPERATES
| Permit | Seen | Issued | Operator | County | Lease / well | Depth | API |
|---|---|---|---|---|---|---|---|
| 919655 | Oct 30, 2026 | Oct 28, 2026 | Formentera Operations LLC | Zavala | Dynamo #N731HPH | 11,600 | 50733584 |
| 918813 | Sep 25, 2026 | Sep 23, 2026 | Formentera Operations LLC | Frio | Rocky-Unit #S734HH | 10,000 | 16334445 |
| 918812 | Sep 25, 2026 | Sep 23, 2026 | Formentera Operations LLC | Frio | Rocky-Unit #S732HH | 10,000 | 16334444 |
| 918811 | Sep 25, 2026 | Sep 23, 2026 | Formentera Operations LLC | Frio | Rocky-Unit #S730HH | 10,000 | 16334443 |
| 918467 | Sep 13, 2026 | Sep 11, 2026 | Formentera Operations LLC | Frio | Nero-Unit-B #S733HH | 10,500 | 16334442 |
| 917940 | Sep 23, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Next in Line-Unit #N734HH | 10,500 | 16334438 |
| 917939 | Sep 23, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Next in Line-Unit #N731HH | 10,000 | 16334437 |
| 917937 | Sep 5, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Nero-Unit-A #S731HH | 10,500 | 16334439 |
| 917936 | Sep 5, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Flavia-Unit #N731HH | 10,500 | 16334440 |
| 917940 | Aug 21, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Next in Line-Unit #N734HH | 10,500 | 16334438 |
| 917939 | Aug 21, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Next in Line-Unit #N731HH | 10,000 | 16334437 |
| 917937 | Aug 21, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Nero-Unit #S731HH | 10,500 | 16334439 |
| 917936 | Aug 21, 2026 | Aug 19, 2026 | Formentera Operations LLC | Frio | Flavia-Unit #N731HH | 10,500 | 16334440 |
| 917763 | Aug 14, 2026 | Aug 12, 2026 | Formentera Operations LLC | Frio | Neptune #A211VW | 5,500 | 16334436 |
| 916732 | Jun 26, 2026 | Jun 26, 2026 | Formentera Operations LLC | Frio | Josey Wales #C211VW | 5,900 | 16334430 |
About this data
Registration from the RRC P-5 organization report, refreshed weekly. Permits from the OGA049M master and daily daf420 files; wells of record from the EWA wellbore schedule; production from PDQ lease reports at the last vintage; disposal from UIC permits and H-10 reports. Summary figures are rebuilt nightly.
Developers: this page as JSON is GET /v1/data/operators/tx/276959, documented in the API reference.