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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 28523

Producing

LEA, P.J.

Lea, P.j. is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Sand Hills (San Angelo, Upper) field. The Railroad Commission shows 8,206 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

8,206bbl oil, last 12 months−28% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Sand Hills (San Angelo, Upper)
RRC lease
08-28523

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County · RRC district 08Open Crane County →
Gas, last 12 months
50,972 mcf
Oil in Jul 2026
524 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 28% over the last 12 months

8,206 bbl in the 12 months through Jul 2026, against 11,361 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for LEA, P.J., Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 8,206 bbl in the 12 months through Jul 2026, against 11,361 bbl in the 12 months before.Last 12 months: 8,206 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for LEA, P.J., Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 8,206 bbl in the 12 months through Jul 2026, against 11,361 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 28523, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of LEA, P.J. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 transmission line in the last 12 monthsShare of LEA, P.J. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 28523, district 08. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed 4 times, most recently in Nov 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeGrizzly Op of Delaware, LLC, Jan 2020 to Jan 2021; Contango Resources, Inc., Feb 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Jun 2022; Slant Operating, LLC, Jul 2022 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Jan 2022Changed Jul 2022Changed Nov 2023Grizzly Op of Delaware, LLCJan 2020 to Jan 2021Contango Resources, Inc.Feb 2021 to Dec 2021Contango Resources, LLCJan 2022 to Jun 2022Slant Operating, LLCJul 2022 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeGrizzly Op of Delaware, LLC, Jan 2020 to Jan 2021; Contango Resources, Inc., Feb 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Jun 2022; Slant Operating, LLC, Jul 2022 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Jan 2022Changed Jul 2022Changed Nov 2023Grizzly Op of Delaware, LLCJan 2020 to Jan 2021Contango Resources, Inc.Feb 2021 to Dec 2021Contango Resources, LLCJan 2022 to Jun 2022Slant Operating, LLCJul 2022 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 28523 in district 08. The API number is the state’s ID for a well.
Wells on LEA, P.J.
API numberWell no.Status
42-103-3340042Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 28523.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Plains Marketing, L.p. gathers it.

    100% of it, on the list since Nov 1, 2022

  • Gas from oil wells

    Targa Midstream Services LLC buys and gathers it.

    Targa Midstream Services LLC buys it: 100% of it, on the list since Jul 1, 2022 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Jul 1, 2022

Companies that used to be listed: Concord Crude Oil Marketing LLC (gathers it, until Nov 1, 2022); Energy Transfer Company (gathers it, until Jul 1, 2022); Energy Transfer Company (buys it, until Jul 1, 2022); Hollyfrontier Ref & Mktg LLC (gathers it, until Dec 1, 2020).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

960 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
1110 not plugged
Horizontal
0
First completion
Jan 27, 1984
Latest permit
Jul 19, 2023

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

The wells on this lease state different acreage

The permits state between 940 and 2,560 acres. Use the acres from your own division order for the well you are paid on.

11 wells are listed on this lease

Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Wells and acres on the permits for Lea, P.j.
API numberWell no.Acreson the permit
42-103-3433566960
42-103-0359618960
42-103-3309151960
42-103-3500785960
42-103-3500680960
42-103-3379556960
42-103-3507891960
42-103-3428155960
42-103-3308949960
42-103-33233532,560
42-103-3340042940

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says LEA, P.J. sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for LEA, P.J.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Formentera Operations5244945535530$80.46$2.89
Jun 2026Formentera Operations6987239779770$84.81$3.15
May 2026Formentera Operations7228062,8262,8260$102.13$2.94
Apr 2026Formentera Operations7576822,9712,9710$100.32$2.77
Mar 2026Formentera Operations9659223,8983,8980$91.38$3.04
Feb 2026Formentera Operations5926155,4365,4360$64.51$3.62
Jan 2026Formentera Operations4934464,2004,2000$60.04$7.72
Dec 2025Formentera Operations3503383,2863,2860$57.97$4.26
Nov 2025Formentera Operations2702582,9112,9110$60.06$3.79
Oct 2025Formentera Operations7298196,9566,9560$60.89$3.19
Sep 2025Formentera Operations1,0081,1038,2358,2350$63.96$2.97
Aug 2025Formentera Operations1,0989388,7238,7230$64.86$2.91
Jul 2025Formentera Operations1,0521,0809,8149,8140$68.39$3.20
Jun 2025Formentera Operations1,1041,15010,22510,2250$68.17$3.02
May 2025Formentera Operations1,0451,0568,1858,1850$62.17$3.12
Apr 2025Formentera Operations9901,0252,7882,7880$63.54$3.42
Mar 2025Formentera Operations8408323,4873,4870$68.24$4.12
Feb 2025Formentera Operations7868211,6751,6750$71.53$4.19
Jan 2025Formentera Operations1,2691,3092,5282,5280$75.74$4.13
Dec 2024Formentera Operations1,1691,0614,0524,0520$70.12$3.01
Nov 2024Formentera Operations7246881,2721,2720$69.95$2.12
Oct 2024Formentera Operations7507582,5242,5240$71.99$2.20
Sep 2024Formentera Operations8758873,8253,8250$70.24$2.28
Aug 2024Formentera Operations7578824,7554,7550$76.68$1.99
Jul 2024Formentera Operations1,1261,0538,6408,6400$81.80$2.07
Jun 2024Formentera Operations9611,0687,3857,3850$79.77$2.54
May 2024Formentera Operations1,4291,3265,7765,7760$80.02$2.12
Apr 2024Formentera Operations1,3801,5793,8383,8380$85.35$1.60
Mar 2024Formentera Operations2,4072,25510,98810,9880$81.28$1.49
Feb 2024Formentera Operations1,7241,72210,31110,3110$77.25$1.72
Jan 2024Formentera Operations1,4481,4687,3727,3720$74.15$3.18
Dec 2023Formentera Operations1,7561,5999,8869,8860$71.90$2.52
Nov 2023Formentera Operations2,0282,02611,22211,2220$77.69$2.71
Oct 2023Slant Operating,1,7171,73612,08612,0860$85.64$2.98
Sep 2023Slant Operating,1,9052,00914,03914,0390$89.43$2.64
Aug 2023Slant Operating,2,9022,85618,21718,2170$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Upload your statements for LEA, P.J.. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Formentera Operations LLC.

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorFormentera Operations LLCFieldSand Hills (San Angelo, Upper)CountyCrane County

Formentera Operations LLC in Crane County

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Sand Hills (San Angelo, Upper) field

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Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 28523, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.

FAQ

Questions about LEA, P.J.

Who operates the LEA, P.J. lease?

The Railroad Commission lists Formentera Operations LLC (operator number 276959) as the operator of this lease in Crane County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the LEA, P.J. lease produced?

The lease reported 8,206 bbl of oil and 50,972 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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