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Texas oil lease

Producing

FAYE

Faye is an oil lease in Crane County, Texas, operated by Owl Ops II LLC in the University 31 West (U. Devonian) field.

6 wells

6,678bbl oil, last 12 months0% vs prior year
Operator
Owl Ops II LLC
County
Crane County
Field
University 31 West (U. Devonian)
RRC lease
08-44807

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
2,894 mcf
Oil in Jul 2026
408 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for FAYE, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 6,678 bbl in the 12 months through Jul 2026, against 6,650 bbl in the 12 months before.Last 12 months: 6,678 bblbbl per monthmcf per month002501005002007503001,0004001,250500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for FAYE, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 6,678 bbl in the 12 months through Jul 2026, against 6,650 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501005002007503001,0004001,250500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of FAYE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of FAYE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jun 2022

Operators of this lease over timeMercury Operating, LLC, Jan 2020 to May 2022; Owl Ops II LLC, Jun 2022 to Jul 20262020202120222023202420252026Changed Jun 2022Mercury Operating, LLCJan 2020 to May 2022Owl Ops II LLCJun 2022 to now
Operators of this lease over timeMercury Operating, LLC, Jan 2020 to May 2022; Owl Ops II LLC, Jun 2022 to Jul 20262020202120222023202420252026Changed Jun 2022Mercury Operating, LLCJan 2020 to May 2022Owl Ops II LLCJun 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on FAYE
API numberWell no.Status
42-103-362182410Active
42-103-362222610Active
42-103-362891313Active
42-103-362901413Active
42-103-363782412Active
42-103-363932409Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Lpc Crude Iii, LLCOilGathers100Jun 1, 2024–
Garcia, Amanda M-TxOilGathers100Jul 1, 2023Jun 1, 2024
Targa Midstream Services LLCCasinghead gasGathers100Feb 2, 2014Jul 1, 2023
Targa Midstream Services LLCCasinghead gasBuys100Mar 1, 2015Jul 1, 2023
Ace Gathering, Inc.OilGathers100Jun 1, 2022Jul 1, 2023
Ace Gathering, Inc.OilGathers50Jun 11, 2019Jun 1, 2022
Enlink Crude Purchasing LLCOilGathers50Jun 11, 2019Jun 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

5,320 acres on the newest permit

Permits for Faye
API numberWell no.Acreson the permit
42-103-3639324095,320
42-103-3637824125,320
42-103-3628913135,320
42-103-3629014135,320
42-103-3622226105,320
42-103-3621824105,320

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for FAYE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Owl Ops4085431771770$80.46$2.89
Jun 2026Owl Ops4053523123120$84.81$3.15
May 2026Owl Ops4043602592590$102.13$2.94
Apr 2026Owl Ops5075402152150$100.32$2.77
Mar 2026Owl Ops5865442482480$91.38$3.04
Feb 2026Owl Ops5265482062060$64.51$3.62
Jan 2026Owl Ops5195452282280$60.04$7.72
Dec 2025Owl Ops7457332542540$57.97$4.26
Nov 2025Owl Ops4705322422420$60.06$3.79
Oct 2025Owl Ops6145473043040$60.89$3.19
Sep 2025Owl Ops7377122372370$63.96$2.97
Aug 2025Owl Ops7577012122120$64.86$2.91
Jul 2025Owl Ops5145341561560$68.39$3.20
Jun 2025Owl Ops4023651761760$68.17$3.02
May 2025Owl Ops3795241391390$62.17$3.12
Apr 2025Owl Ops2411772842840$63.54$3.42
Mar 2025Owl Ops3543622202200$68.24$4.12
Feb 2025Owl Ops3233602282280$71.53$4.19
Jan 2025Owl Ops6535382652650$75.74$4.13
Dec 2024Owl Ops6918811501500$70.12$3.01
Nov 2024Owl Ops8067173403400$69.95$2.12
Oct 2024Owl Ops6194962512510$71.99$2.20
Sep 2024Owl Ops8969021281280$70.24$2.28
Aug 2024Owl Ops7728691341340$76.68$1.99
Jul 2024Owl Ops9408822312310$81.80$2.07
Jun 2024Owl Ops8568891731730$79.77$2.54
May 2024Owl Ops8578632062060$80.02$2.12
Apr 2024Owl Ops5965152122120$85.35$1.60
Mar 2024Owl Ops6336911311310$81.28$1.49
Feb 2024Owl Ops6146841891890$77.25$1.72
Jan 2024Owl Ops7257282592590$74.15$3.18
Dec 2023Owl Ops2591812622620$71.90$2.52
Nov 2023Owl Ops5235231841840$77.69$2.71
Oct 2023Owl Ops1,0091,0921841840$85.64$2.98
Sep 2023Owl Ops7877512672670$89.43$2.64
Aug 2023Owl Ops5355492312310$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorOwl Ops II LLCFieldUniversity 31 West (U. Devonian)CountyCrane County

Owl Ops II LLC in Crane County

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University 31 West (U. Devonian) field

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