OPERATORS · TEXAS · P-5 NUMBER 276959
Formentera Operations LLC
- P-5 status
- Active – Extension (X)
- P-5 last filed
- Jun 11, 2026
- Based in
- Austin, TX
- Most permits, 12 months
- Frio County
Formentera Operations LLC was issued 35 drilling permits in the past 12 months, up 119% on the prior year, across 2 counties led by Frio with 34. 86% were horizontal.
13 were issued in the past 90 days, versus 8 in the prior quarter. 3 were issued in the past week.
The RRC wellbore file lists 5,091 wells under its operatorship (2,145 producing, 1,456 shut in).
Lease reports credit it with 2.7M 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.
70 drilling permits have been issued to this operator number since 1996; its P-5 organization report was last filed June 11, 2026.
- 35
- permits, last 12 months
- +119%
- vs prior 12 months (16)
- 2
- counties, 12 months
- 2.15K
- producing wells, of 5.09K of record
- 1.88K
- leases it reports
- 86%
- horizontal, 12 months
WINDOWS ON THE RRC ISSUE DATE · COMPUTED NOV 8, 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.
- 88%
- spud rate · 46 of 52 mature permits
- 69
- median days permit to spud · middle half 52–100
- 14
- spuds, last 180 days +27%
- 0%
- canceled · 0 permits
- 2
- expired undrilled
- 2
- permits a year over 31 active years
Permits issued by month
LAST 60 MONTHS · BY ISSUE DATE
Last 12 months 32 · prior 12 19(+68%)
Counties
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 → | 34 | 48 | 78 | Nov 5, 2026 |
| Zavala county → | 1 | 1 | 12 | Oct 28, 2026 |
| Crane county → | — | 16 | 1,079 | Jun 13, 2025 |
| Winkler county → | — | 4 | 660 | May 23, 2025 |
| Ector county → | — | 1 | 1,827 | Oct 10, 1996 |
All 70 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 |
| Yates | 15 | 6 |
| Seven Rivers | 14 | 5 |
| Tansill | 14 | 5 |
| Midway | 14 | 14 |
| San Andres | 14 | 6 |
| Queen | 13 | 4 |
| McKnight | 13 | 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 →
- 2.7M
- bbl oil, last 12 reported months
- -6%
- vs the 12 months before
- 31.7M
- mcf gas incl. casinghead, last 12
- 8.01M
- bbl oil since reporting began
12 months through Apr 2026 31,749,976 · prior 12 15,395,083(+106%)
Formentera Operations LLC: Gas by month.
Beyond the permit record
RRC wellbore file
Wells of record
- 5,091
- in the wellbore file, 4,173 on schedule
- 2,145
- producing
- 1,456
- shut in
- 250
- injection
- 293
- temp. abandoned
- 882
- plugged
How it got them
Each count opens the wells it counts. Acquired means the well's permit names a different operator than the schedule does today; wells it permitted that others now run are in its permit history, marked with who runs them now. Transfers and operator numbers →
RRC UIC permits · H-10 reported volumes
Disposal and injection
- 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 |
All 497 permits, with volumes → · On the map →
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 | 35 | 11 | 65 |
| 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 | 1,147 | 341 |
| Newark East (Barnett Shale)65280200 | 1,082 | 923 |
| Goldsmith (Clear Fork)35652062 | 449 | 88 |
| Sand Hills (Tubb)80473682 | 225 | 26 |
| Sand Hills (McKnight)80473310 | 211 | 70 |
| Keystone (Colby)49129132 | 204 | 7 |
| Stiles Ranch (Granite Wash Cons)86125250 | 183 | 141 |
| Sand Hills (Judkins)80473248 | 180 | 57 |
| Kermit49038001 | 166 | 1 |
| Dune26538001 | 151 | 49 |
| Keystone (Consolidated)49129150 | 96 | 18 |
| Briscoe Ranch (Eagleford)12018200 | 63 | 57 |
P-5 organization report
As registered with the RRC. About the P-5 →
- Registration
- Status Active – Extension (X)
- Last filed Jun 11, 2026
- CSGD/PG/PURGas operatorOil operator
- Address
- 300 Colorado Street 1900, Attn: Shawna Yezak-Moffett
- Austin, TX 78701
- (512) 514-5779
- 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
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 by the operator that filed them, through the statewide reported-through month; disposal from UIC permits and H-10 reports. Oil includes condensate from gas leases and gas includes casinghead gas from oil leases, as the RRC totals them. Summary figures are rebuilt nightly. Nothing is estimated.
Developers: this page as JSON is GET /v1/data/operators/tx/276959, documented in the API reference.