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Texas oil lease

Producing

KING 27

King 27 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.

5 wells

1,868bbl oil, last 12 months+32% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
McElroy
RRC lease
08-43874

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
4,424 mcf
Oil in Jul 2026
166 bbl

Production by month

Oil output rose 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 32% over the last 12 monthsMonthly oil production and gas for KING 27, Aug 2023 to Jul 2026. Oil output rose 32% over the last 12 months. 1,868 bbl in the 12 months through Jul 2026, against 1,415 bbl in the 12 months before.Last 12 months: 1,868 bblbbl per monthmcf per month00502001004001506002008002501,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 32% over the last 12 monthsMonthly oil production and gas for KING 27, Aug 2023 to Jul 2026. Oil output rose 32% over the last 12 months. 1,868 bbl in the 12 months through Jul 2026, against 1,415 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502001004001506002008002501,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% 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)
98% of the gas went to flaring in the last 12 monthsShare of KING 27 gas by disposition code each month, Aug 2023 to Jul 2026. 98% 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
98% of the gas went to flaring in the last 12 monthsShare of KING 27 gas by disposition code each month, Aug 2023 to Jul 2026. 98% 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)

    98% · 4,347 mcf

  • Transmission line (2)

    1.7% · 77 mcf

98.3% 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.

5 wells on this lease

Wells on KING 27
API numberWell no.Status
42-103-360361SWShut-in
42-103-360671HActive
42-103-362633HActive
42-103-363184HActive
42-103-363195HShut-in

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 gasBuys100Apr 19, 2013–
Targa Midstream Services LLCCasinghead gasGathers100Apr 19, 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

598.59 acres on the newest permit

The wells on this lease state different acreage

The permits state between 598.59 and 640 acres.

Permits for King 27
API numberWell no.Acreson the permit
42-103-363195H598.59
42-103-363184H598.59
42-103-362633H598.59
42-103-360671H638.59
42-103-360361SW640

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for KING 27
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1661753840384$80.46$2.89
Jun 2026Formentera Operations166863710371$84.81$3.15
May 2026Formentera Operations2201674030403$102.13$2.94
Apr 2026Formentera Operations2232584090409$100.32$2.77
Mar 2026Formentera Operations16617945531424$91.38$3.04
Feb 2026Formentera Operations1238128946243$64.51$3.62
Jan 2026Formentera Operations1281563730373$60.04$7.72
Dec 2025Formentera Operations1521774290429$57.97$4.26
Nov 2025Formentera Operations1411934090409$60.06$3.79
Oct 2025Formentera Operations181964340434$60.89$3.19
Sep 2025Formentera Operations1261082520252$63.96$2.97
Aug 2025Formentera Operations761122160216$64.86$2.91
Jul 2025Formentera Operations91652090209$68.39$3.20
Jun 2025Formentera Operations1121622287221$68.17$3.02
May 2025Formentera Operations1197823421213$62.17$3.12
Apr 2025Formentera Operations13520622988141$63.54$3.42
Mar 2025Formentera Operations13310124093147$68.24$4.12
Feb 2025Formentera Operations1038719714849$71.53$4.19
Jan 2025Formentera Operations1118321417341$75.74$4.13
Dec 2024Formentera Operations14127529322667$70.12$3.01
Nov 2024Formentera Operations14177289133156$69.95$2.12
Oct 2024Formentera Operations10488330194136$71.99$2.20
Sep 2024Formentera Operations938538936128$70.24$2.28
Aug 2024Formentera Operations13218144337568$76.68$1.99
Jul 2024Formentera Operations13379674562112$81.80$2.07
Jun 2024Formentera Operations101806776770$79.77$2.54
May 2024Formentera Operations1181757647640$80.02$2.12
Apr 2024Formentera Operations140797637558$85.35$1.60
Mar 2024Formentera Operations1471857337267$81.28$1.49
Feb 2024Formentera Operations106826756750$77.25$1.72
Jan 2024Formentera Operations139240651545106$74.15$3.18
Dec 2023Formentera Operations147846806800$71.90$2.52
Nov 2023Formentera Operations136816686680$77.69$2.71
Oct 2023Slant Operating,14723966459470$85.64$2.98
Sep 2023Slant Operating,121746546540$89.43$2.64
Aug 2023Slant Operating,1067251343875$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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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldMcElroyCountyCrane County

Formentera Operations LLC in Crane County

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McElroy field

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