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Texas oil lease

Producing

KING 9

King 9 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.

3 wells

856bbl oil, last 12 months+35% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
McElroy
RRC lease
08-43482

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
472 mcf
Oil in Jul 2026
66 bbl

Production by month

Oil output rose 35% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 35% over the last 12 monthsMonthly oil production and gas for KING 9, Aug 2023 to Jul 2026. Oil output rose 35% over the last 12 months. 856 bbl in the 12 months through Jul 2026, against 633 bbl in the 12 months before.Last 12 months: 856 bblbbl per monthmcf per month0020254050607580100100125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 35% over the last 12 monthsMonthly oil production and gas for KING 9, Aug 2023 to Jul 2026. Oil output rose 35% over the last 12 months. 856 bbl in the 12 months through Jul 2026, against 633 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020254050607580100100125Jan 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 9 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 9 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% · 464 mcf

  • Transmission line (2)

    1.7% · 8 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.

3 wells on this lease

Wells on KING 9
API numberWell no.Status
42-103-36035E 1SWActive
42-103-360541HActive
42-103-360706HShut-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 gasBuys100Jan 1, 2018–
Targa Midstream Services LLCCasinghead gasGathers100Jan 1, 2018–
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

639 acres on the newest permit

Permits for King 9
API numberWell no.Acreson the permit
42-103-360706H639
42-103-360541H639
42-103-36035E 1SW640

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for KING 9
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations667138038$80.46$2.89
Jun 2026Formentera Operations673737037$84.81$3.15
May 2026Formentera Operations947140040$102.13$2.94
Apr 2026Formentera Operations9611141041$100.32$2.77
Mar 2026Formentera Operations727745342$91.38$3.04
Feb 2026Formentera Operations533529524$64.51$3.62
Jan 2026Formentera Operations628637037$60.04$7.72
Dec 2025Formentera Operations818241041$57.97$4.26
Nov 2025Formentera Operations607340040$60.06$3.79
Oct 2025Formentera Operations692939039$60.89$3.19
Sep 2025Formentera Operations679342042$63.96$2.97
Aug 2025Formentera Operations6910443043$64.86$2.91
Jul 2025Formentera Operations823740040$68.39$3.20
Jun 2025Formentera Operations598638137$68.17$3.02
May 2025Formentera Operations664439435$62.17$3.12
Apr 2025Formentera Operations7237381523$63.54$3.42
Mar 2025Formentera Operations523312$68.24$4.12
Feb 2025Formentera Operations1948844$71.53$4.19
Jan 2025Formentera Operations614634277$75.74$4.13
Dec 2024Formentera Operations79116453510$70.12$3.01
Nov 2024Formentera Operations6731442024$69.95$2.12
Oct 2024Formentera Operations243929209$71.99$2.20
Sep 2024Formentera Operations413860564$70.24$2.28
Aug 2024Formentera Operations5880685810$76.68$1.99
Jul 2024Formentera Operations60381048717$81.80$2.07
Jun 2024Formentera Operations47401041040$79.77$2.54
May 2024Formentera Operations59841181180$80.02$2.12
Apr 2024Formentera Operations67351171161$85.35$1.60
Mar 2024Formentera Operations60421011010$81.28$1.49
Feb 2024Formentera Operations113622220$77.25$1.72
Jan 2024Formentera Operations59901008416$74.15$3.18
Dec 2023Formentera Operations55311051050$71.90$2.52
Nov 2023Formentera Operations50301031030$77.69$2.71
Oct 2023Slant Operating,56591029111$85.64$2.98
Sep 2023Slant Operating,182533330$89.43$2.64
Aug 2023Slant Operating,3618695910$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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