Texas oil lease

Shut in

LEA, P. J. -B-

Name: LEA, P. J. -B- monthly oil and gas production, Crane County, Texas
Creator: Texas Railroad Commission

Lea, P. J. -B- is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Lea (Penn.) field.

2 wells

0bbl oil, since Feb 2026

Operator: Formentera Operations LLC
County: Crane County
Field: Lea (Penn.)
RRC lease: 08-18562

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Where it sits

This county

Crane County

Oil in Jul 2026: 0 bbl
Reporting since: Jan 2020

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Operator
Operator changed: Formentera Operations LLC took over from Contango Resources, Inc. in Feb 2026.
P-5
The previous operator's P-5 registration is listed as inactive since Aug 1, 2022 (last P-5 filed Nov 19, 2020).
Sales
No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

No production to chart

The state shows zero oil and zero gas for all 6 months we hold (Feb 2026 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 2 times, most recently in Feb 2026

Formentera Operations LLC Feb 2026 to now
Contango Resources, Inc. Feb 2021 to Aug 2021
Grizzly Op of Delaware, LLC Jan 2020 to Jan 2021

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on LEA, P. J. -B-
API number	Well no.	Status
42-103-10469	10 L	Shut-in
42-103-10523	11	Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Concord Crude Oil Marketing LLC	Oil	Gathers	100	Dec 1, 2020	–
Targa Midstream Services LLC	Casinghead gas	Buys	100	Jul 1, 2022	–
Targa Midstream Services LLC	Casinghead gas	Gathers	100	Jul 1, 2022	–
Energy Transfer Company	Casinghead gas	Gathers	100	Nov 1, 2015	Jul 1, 2022
Energy Transfer Company	Casinghead gas	Buys	100	Nov 1, 2015	Jul 1, 2022
Hollyfrontier Ref & Mktg LLC	Oil	Gathers	100	Sep 1, 2011	Dec 1, 2020

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

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960 acres on the newest permit

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Permits for Lea, P. J. -B-
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-103-10523	11	Mar 15, 2006	Feb 23, 1965	960	Vertical
42-103-10469	10 L	–	Jun 8, 1964	–	–

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

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6 months, newest first

Ledger for LEA, P. J. -B-
Month	Operator	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026Formentera Operations	Formentera Operations LLC	$80.46	$2.89
Jun 2026Formentera Operations	Formentera Operations LLC	$84.81	$3.15
May 2026Formentera Operations	Formentera Operations LLC	$102.13	$2.94
Apr 2026Formentera Operations	Formentera Operations LLC	$100.32	$2.77
Mar 2026Formentera Operations	Formentera Operations LLC	$91.38	$3.04
Feb 2026Formentera Operations	Formentera Operations LLC	$64.51	$3.62

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

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