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Texas oil lease

Producing

KING 11

King 11 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.

3 wells

1,072bbl oil, last 12 months+20% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
McElroy
RRC lease
08-44064

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
4,820 mcf
Oil in Jul 2026
88 bbl

Production by month

Oil output rose 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 20% over the last 12 monthsMonthly oil production and gas for KING 11, Aug 2023 to Jul 2026. Oil output rose 20% over the last 12 months. 1,072 bbl in the 12 months through Jul 2026, against 892 bbl in the 12 months before.Last 12 months: 1,072 bblbbl per monthmcf per month00505001001,0001501,5002002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 20% over the last 12 monthsMonthly oil production and gas for KING 11, Aug 2023 to Jul 2026. Oil output rose 20% over the last 12 months. 1,072 bbl in the 12 months through Jul 2026, against 892 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Jul 2025.

  • Transmission line (2)
  • Flared (4)
Over 99% of the gas went to flaring in the last 12 monthsShare of KING 11 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to flaring in the last 12 monthsShare of KING 11 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    100% · 4,800 mcf

  • Transmission line (2)

    0.4% · 20 mcf

99.6% of the gas flared in the last 12 months. 28 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Nov 2023

Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on KING 11
API numberWell no.Status
42-103-360774HActive
42-103-362321HShut-in
42-103-362965HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers50May 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys100May 14, 2013–
Targa Midstream Services LLCCasinghead gasGathers100May 14, 2013–
Eastex Crude CompanyOilGathers50May 1, 2020Jan 1, 2023
Enlink Crude Purchasing LLCOilGathers100Jan 1, 2019May 1, 2020
Lpc Crude Oil Marketing LLCOilGathers100Jan 1, 2018Jan 1, 2019

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

Who buys my oilOil price check

647.70 acres on the newest permit

Permits for King 11
API numberWell no.Acreson the permit
42-103-362965H647.70
42-103-362321H647.70
42-103-360774H647.70

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for KING 11
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations88953840384$80.46$2.89
Jun 2026Formentera Operations89493710371$84.81$3.15
May 2026Formentera Operations126954030403$102.13$2.94
Apr 2026Formentera Operations1271474090409$100.32$2.77
Mar 2026Formentera Operations83803508342$91.38$3.04
Feb 2026Formentera Operations604621612204$64.51$3.62
Jan 2026Formentera Operations72893800380$60.04$7.72
Dec 2025Formentera Operations81824550455$57.97$4.26
Nov 2025Formentera Operations60764360436$60.06$3.79
Oct 2025Formentera Operations80494390439$60.89$3.19
Sep 2025Formentera Operations1111454810481$63.96$2.97
Aug 2025Formentera Operations951374960496$64.86$2.91
Jul 2025Formentera Operations110684850485$68.39$3.20
Jun 2025Formentera Operations10410746715452$68.17$3.02
May 2025Formentera Operations724451848470$62.17$3.12
Apr 2025Formentera Operations75114513197316$63.54$3.42
Mar 2025Formentera Operations7456520201319$68.24$4.12
Feb 2025Formentera Operations5748428321107$71.53$4.19
Jan 2025Formentera Operations614641633581$75.74$4.13
Dec 2024Formentera Operations79153564434130$70.12$3.01
Nov 2024Formentera Operations7843556256300$69.95$2.12
Oct 2024Formentera Operations5849634373261$71.99$2.20
Sep 2024Formentera Operations524774869454$70.24$2.28
Aug 2024Formentera Operations72100851721130$76.68$1.99
Jul 2024Formentera Operations75471,2961,081215$81.80$2.07
Jun 2024Formentera Operations58501,3031,3030$79.77$2.54
May 2024Formentera Operations741051,4701,4700$80.02$2.12
Apr 2024Formentera Operations83521,4661,45214$85.35$1.60
Mar 2024Formentera Operations971321,6821,66715$81.28$1.49
Feb 2024Formentera Operations78641,5571,5570$77.25$1.72
Jan 2024Formentera Operations1112081,5021,258244$74.15$3.18
Dec 2023Formentera Operations128731,5701,5700$71.90$2.52
Nov 2023Formentera Operations118701,5411,5410$77.69$2.71
Oct 2023Slant Operating,1292471,5321,370162$85.64$2.98
Sep 2023Slant Operating,125931,5101,5100$89.43$2.64
Aug 2023Slant Operating,133901,1821,010172$81.39$2.58

Flared above 3%

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

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This lease belongs to

OperatorFormentera Operations LLCFieldMcElroyCountyCrane County

Formentera Operations LLC in Crane County

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McElroy field

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