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Producing

LEA, P. J. A/C 2

Lea, P. J. A/C 2 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Sand Hills (McKnight) field.

2 wells

14,985bbl oil, last 12 months+32% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Sand Hills (McKnight)
RRC lease
08-26526

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
46,170 mcf
Oil in Jul 2026
1,217 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 LEA, P. J. A/C 2, Aug 2023 to Jul 2026. Oil output rose 32% over the last 12 months. 14,985 bbl in the 12 months through Jul 2026, against 11,385 bbl in the 12 months before.Last 12 months: 14,985 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 32% over the last 12 monthsMonthly oil production and gas for LEA, P. J. A/C 2, Aug 2023 to Jul 2026. Oil output rose 32% over the last 12 months. 14,985 bbl in the 12 months through Jul 2026, against 11,385 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, through Jul 2026.

Where the gas went

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

All of the gas went to a transmission line in the last 12 monthsShare of LEA, P. J. A/C 2 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. A/C 2 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, through Jul 2026.

Who has run this lease

The operator changed 4 times, most recently in Nov 2023

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, through Jul 2026.

2 wells on this lease

Wells on LEA, P. J. A/C 2
API numberWell no.Status
42-103-0360830Shut-in
42-103-372791MHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Concord Crude Oil Marketing LLCOilGathers100Dec 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys100Jul 1, 2022–
Targa Midstream Services LLCCasinghead gasGathers100Jul 1, 2022–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015Jul 1, 2022
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015Jul 1, 2022
Hollyfrontier Ref & Mktg LLCOilGathers100Sep 1, 2011Dec 1, 2020

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

Who buys my oilOil price check

960 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

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

  • Good to know

    7 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.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Lea, P. J. A/C 2
API numberWell no.Acreson the permit
42-103-3500886960
42-103-3379859960
42-103-372791MH960
42-103-3500081960
42-103-0360830960
42-103-3308954960
42-103-3253538960

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for LEA, P. J. A/C 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1,2171,3832,7162,7160$80.46$2.89
Jun 2026Formentera Operations1,8641,9222,6322,6320$84.81$3.15
May 2026Formentera Operations1,6571,6204,9924,9920$102.13$2.94
Apr 2026Formentera Operations1,3631,2284,3404,3400$100.32$2.77
Mar 2026Formentera Operations1,0341,0282,2452,2450$91.38$3.04
Feb 2026Formentera Operations1,5691,7153,4743,4740$64.51$3.62
Jan 2026Formentera Operations1,1699432,7772,7770$60.04$7.72
Dec 2025Formentera Operations1,2851,2982,1632,1630$57.97$4.26
Nov 2025Formentera Operations1,7971,9253,5913,5910$60.06$3.79
Oct 2025Formentera Operations8016224,9364,9360$60.89$3.19
Sep 2025Formentera Operations4195384,1984,1980$63.96$2.97
Aug 2025Formentera Operations8106978,1068,1060$64.86$2.91
Jul 2025Formentera Operations7978059,2309,2300$68.39$3.20
Jun 2025Formentera Operations6066144,9944,9940$68.17$3.02
May 2025Formentera Operations6286355,1215,1210$62.17$3.12
Apr 2025Formentera Operations5285108,5458,5450$63.54$3.42
Mar 2025Formentera Operations4624745,1915,1910$68.24$4.12
Feb 2025Formentera Operations5295949,1769,1760$71.53$4.19
Jan 2025Formentera Operations1,0901,13812,84112,8410$75.74$4.13
Dec 2024Formentera Operations1,4481,38112,76212,7620$70.12$3.01
Nov 2024Formentera Operations1,2721,2926,3506,3500$69.95$2.12
Oct 2024Formentera Operations1,5681,54414,31314,3130$71.99$2.20
Sep 2024Formentera Operations1,1801,19312,40212,4020$70.24$2.28
Aug 2024Formentera Operations1,2771,4367,9667,9660$76.68$1.99
Jul 2024Formentera Operations1,7471,7028,6558,6550$81.80$2.07
Jun 2024Formentera Operations1,5741,6056,4446,4440$79.77$2.54
May 2024Formentera Operations2,2872,2109,3299,3290$80.02$2.12
Apr 2024Formentera Operations1,8321,6809,0869,0860$85.35$1.60
Mar 2024Formentera Operations2,1662,4254,9134,9130$81.28$1.49
Feb 2024Formentera Operations2,7082,7703,7993,7990$77.25$1.72
Jan 2024Formentera Operations2,4622,4904,1634,1630$74.15$3.18
Dec 2023Formentera Operations2,6762,4205,2435,2430$71.90$2.52
Nov 2023Formentera Operations3,4043,4646,8176,8170$77.69$2.71
Oct 2023Slant Operating,3,1503,1927,0377,0370$85.64$2.98
Sep 2023Slant Operating,3,9924,1547,0467,0460$89.43$2.64
Aug 2023Slant Operating,3,7913,6575,2085,2080$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldSand Hills (McKnight)CountyCrane County

Formentera Operations LLC in Crane County

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Sand Hills (McKnight) field

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