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Texas oil lease

Producing

KING 59

King 59 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Roepke (Wolfcamp) field.

2 wells

20,047bbl oil, last 12 months−14% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Roepke (Wolfcamp)
RRC lease
08-46724

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
17,094 mcf
Oil in Jul 2026
1,679 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for KING 59, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 20,047 bbl in the 12 months through Jul 2026, against 23,232 bbl in the 12 months before.Last 12 months: 20,047 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for KING 59, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 20,047 bbl in the 12 months through Jul 2026, against 23,232 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

81% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Jun 2026.

  • Transmission line (2)
  • Flared (4)
81% of the gas went to a transmission line in the last 12 monthsShare of KING 59 gas by disposition code each month, Aug 2023 to Jul 2026. 81% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
81% of the gas went to a transmission line in the last 12 monthsShare of KING 59 gas by disposition code each month, Aug 2023 to Jul 2026. 81% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    81% · 13,900 mcf

  • Flared (4)

    19% · 3,194 mcf

18.7% of the gas flared in the last 12 months. 11 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.

2 wells on this lease

Wells on KING 59
API numberWell no.Status
42-103-364102Active
42-103-364114Active

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) CompanyOilGathers50Jul 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys100Nov 23, 2014–
Targa Midstream Services LLCCasinghead gasGathers100Nov 23, 2014–
Eastex Crude CompanyOilGathers50Jul 1, 2020Jan 1, 2023
Trafigura Trading LLCOilGathers100Nov 23, 2014Jul 1, 2020

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

Who buys my oilOil price check

640 acres on the newest permit

Permits for King 59
API numberWell no.Acreson the permit
42-103-364102640
42-103-364114640
42-103-363581640

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for KING 59
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1,6791,5801,3901911,199$80.46$2.89
Jun 2026Formentera Operations1,5971,8051,35001,350$84.81$3.15
May 2026Formentera Operations1,6131,4211,402787615$102.13$2.94
Apr 2026Formentera Operations1,6241,9621,3311,3310$100.32$2.77
Mar 2026Formentera Operations1,6361,6261,4271,4270$91.38$3.04
Feb 2026Formentera Operations1,5221,2611,3041,3040$64.51$3.62
Jan 2026Formentera Operations1,6881,8341,4221,39230$60.04$7.72
Dec 2025Formentera Operations1,7541,6551,3981,3980$57.97$4.26
Nov 2025Formentera Operations1,7421,9771,4191,4190$60.06$3.79
Oct 2025Formentera Operations1,7361,4441,5271,5270$60.89$3.19
Sep 2025Formentera Operations1,6811,7791,5021,5020$63.96$2.97
Aug 2025Formentera Operations1,7751,7941,6221,6220$64.86$2.91
Jul 2025Formentera Operations1,8161,8111,6371,6370$68.39$3.20
Jun 2025Formentera Operations1,7971,8081,6911,6910$68.17$3.02
May 2025Formentera Operations1,9851,8251,7601,7600$62.17$3.12
Apr 2025Formentera Operations1,9142,1941,8221,74775$63.54$3.42
Mar 2025Formentera Operations1,9142,1971,7851,7850$68.24$4.12
Feb 2025Formentera Operations1,7941,2751,6871,6870$71.53$4.19
Jan 2025Formentera Operations2,0332,2211,9051,84065$75.74$4.13
Dec 2024Formentera Operations2,0452,0341,9061,9060$70.12$3.01
Nov 2024Formentera Operations1,8661,6561,8311,79635$69.95$2.12
Oct 2024Formentera Operations2,0262,1691,8101,75555$71.99$2.20
Sep 2024Formentera Operations1,8971,8091,8361,8360$70.24$2.28
Aug 2024Formentera Operations2,1452,5262,0752,0750$76.68$1.99
Jul 2024Formentera Operations1,9231,9891,7941,7940$81.80$2.07
Jun 2024Formentera Operations2,0011,6261,7791,7790$79.77$2.54
May 2024Formentera Operations1,9041,8161,8511,8510$80.02$2.12
Apr 2024Formentera Operations2,0622,3931,7801,7800$85.35$1.60
Mar 2024Formentera Operations2,2051,8401,7401,7400$81.28$1.49
Feb 2024Formentera Operations1,8602,1781,3981,3980$77.25$1.72
Jan 2024Formentera Operations1,9921,8411,5781,5780$74.15$3.18
Dec 2023Formentera Operations1,8301,8401,6711,245426$71.90$2.52
Nov 2023Formentera Operations1,8611,8511,707772935$77.69$2.71
Oct 2023Slant Operating,2,0132,0031,8835331,350$85.64$2.98
Sep 2023Slant Operating,1,9721,9871,7513421,409$89.43$2.64
Aug 2023Slant Operating,2,0462,1501,867971,770$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 LLCFieldRoepke (Wolfcamp)CountyCrane County

Formentera Operations LLC in Crane County

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Roepke (Wolfcamp) field

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