OPERATORS · RRC 280875 · P-5 STATUS Y
Foundation Engy Management LLC
Addison, TX · most active in Newton County
Watch this operatorFoundation Engy Management LLC was issued 3 drilling permits in the past 12 months, after a quiet prior year, across 2 counties led by Newton with 2. 0% were horizontal.
None were issued in the past 90 days.
The RRC wellbore file lists 165 wells under its operatorship (21 producing, 4 shut in).
Lease reports credit it with 243K barrels of oil and 438K mcf of gas in the 12 months reported through April 2026, down 28% on the year before.
It holds 14 active disposal or injection permits, injecting 2.62M barrels in the 12 months reported through June 2025.
68 drilling permits have been issued to this operator number since 2007; its P-5 organization report was last filed January 4, 2026.
- 3
- permits, last 12 months
- —
- vs prior 12 months (0)
- 2
- counties, 12 months
- 21
- producing wells, of 165 of record
- 125
- leases it reports
- 0%
- 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.
- 50%
- spud rate · 34 of 68 mature permits
- 86
- median days permit to spud · middle half 26–148
- 0
- spuds, last 180 days
- 0%
- cancelled · 0 permits
- 34
- expired undrilled
- 4
- permits a year over 19 active years
Permits issued by month
LAST 10 MONTHS · BY ISSUE DATE
Last 12 months 15
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 |
|---|---|---|---|---|
| Newton county → | 2 | 10 | 15 | Oct 29, 2025 |
| Hardin county → | 1 | 29 | 51 | Feb 11, 2026 |
| Stonewall county → | — | 19 | 0 | Jun 25, 2019 |
| Howard county → | — | 3 | 68 | Oct 22, 2018 |
| Runnels county → | — | 3 | 0 | Apr 17, 2008 |
| Glasscock county → | — | 2 | 0 | Jan 16, 2013 |
| Eastland county → | — | 1 | 0 | Aug 4, 2010 |
| Sutton county → | — | 1 | 0 | Aug 11, 2008 |
All 68 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 |
|---|---|---|
| Frio | 12 | 0 |
| Miocene (undifferentiated) | 10 | 0 |
| Jackson | 7 | 0 |
| Yegua | 7 | 0 |
| Vicksburg | 6 | 0 |
| Canyon | 4 | 0 |
| Clear Fork | 3 | 0 |
| San Andres | 3 | 0 |
| Yates | 3 | 0 |
| Tannehill | 2 | 0 |
| Glorieta | 2 | 0 |
| Wilcox | 2 | 0 |
| Salado | 2 | 0 |
| Strawn | 1 | 0 |
| Seven Rivers | 1 | 0 |
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 →
- 243K
- bbl oil, last 12 reported months
- -28%
- vs the 12 months before
- 438K
- mcf gas incl. casinghead, last 12
- 5.5M
- bbl oil since reporting began
Oil, barrels
Last 12 months 242,989 · prior 12 338,955(-28%)
Gas, mcf
Last 12 months 437,947 · prior 12 541,516(-19%)
Beyond the permit record
RRC wellbore file
Wells of record
- 165
- on the schedule
- 21
- producing
- 4
- shut in
- 4
- injection
- 0
- temp. abandoned
- 54
- plugged
How it got them
- 13
- permitted itself
- 116
- acquired from others
- 9
- 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
- 14
- active UIC permits of 58
- 64.5K
- permitted bbl/day, active
- 2.62M
- bbl injected, last 12 reported months
- Jun 2025
- reported through
By county
| Hardin | 12 active | 58K bbl/d |
| Newton | 2 active | 6.5K bbl/d |
| Stonewall | 0 active | 0 bbl/d |
| Howard | 0 active | 0 bbl/d |
| Stephens | 0 active | 0 bbl/d |
| Haskell | 0 active | 0 bbl/d |
| Polk | 0 active | 0 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 | 1 | 2 | 38 |
| Recompletion | 0 | 0 | 25 |
| Field transfer | 0 | 0 | 2 |
| Reclass | 0 | 0 | 2 |
| Reenter | 0 | 0 | 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 |
|---|---|---|
| Would Have (Clearfork)98899075 | 66 | 0 |
| Sour Lake84693001 | 18 | 5 |
| Newton N. (Kurth Sand)65395125 | 10 | 3 |
| Silsbee (1)83584875 | 7 | 0 |
| Pottsville (Marble Falls)72721333 | 7 | 0 |
| Silsbee West83592001 | 4 | 0 |
| Fred East (8200 -C- Sand)32808332 | 4 | 2 |
| Yoakum (Edwards)99361142 | 4 | 3 |
| Silsbee (2)83584885 | 3 | 1 |
| Obrien (Strawn)66633500 | 3 | 0 |
| Silsbee (W-1)83584100 | 2 | 0 |
| Newton N. (Yegua 5TH)65395875 | 2 | 0 |
P-5 organization report
As registered with the RRC. About the P-5 →
- Registration
- Status code Y
- Last filed Jan 4, 2026
- Gas operatorOil operator
- Address
- 5057 Keller Springs RD Ste 650
- Addison, TX 75001
- (866) 767-3600
- Officers and agents
- Asbill, Steven Wayne · Vice President
- Rhea, Eddie W. · Ceo
- Payne, Richard L · Vice President,other
- Stark, Jeffrey M. · General Counsel, Chief Complianc
- Foundation Energy Company, L.L.C · Manager
- Bentley, Lance M. · President
Latest permits
NEWEST FIRST BY ISSUE DATE · FILED OR ON WELLS IT NOW OPERATES
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/280875, documented in the API reference.