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Texas oil lease

Producing

LEA, P.J. "B"

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

2 wells

1,951bbl oil, last 12 months−8% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Lea (Penn. Detrital)
RRC lease
08-37890

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil in Jul 2026
166 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 8% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for LEA, P.J. "B", Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 1,951 bbl in the 12 months through Jul 2026, against 2,132 bbl in the 12 months before.Last 12 months: 1,951 bblbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for LEA, P.J. "B", Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 1,951 bbl in the 12 months through Jul 2026, against 2,132 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Jan 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. "B" 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. "B" 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. "B"
API numberWell no.Status
42-103-3501170Active
42-103-3521871Active

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

  • 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. "B"
API numberWell no.Acreson the permit
42-103-3521871960
42-103-3501170960

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

Unit decimal checker

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36 months, newest first

Ledger for LEA, P.J. "B"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1660000$80.46$2.89
Jun 2026Formentera Operations147337000$84.81$3.15
May 2026Formentera Operations1650000$102.13$2.94
Apr 2026Formentera Operations164175000$100.32$2.77
Mar 2026Formentera Operations175332000$91.38$3.04
Feb 2026Formentera Operations140182000$64.51$3.62
Jan 2026Formentera Operations1440000$60.04$7.72
Dec 2025Formentera Operations166180000$57.97$4.26
Nov 2025Formentera Operations156181000$60.06$3.79
Oct 2025Formentera Operations165181000$60.89$3.19
Sep 2025Formentera Operations184182000$63.96$2.97
Aug 2025Formentera Operations179179000$64.86$2.91
Jul 2025Formentera Operations181172000$68.39$3.20
Jun 2025Formentera Operations1661771131130$68.17$3.02
May 2025Formentera Operations1871791841840$62.17$3.12
Apr 2025Formentera Operations1811781,1471,1470$63.54$3.42
Mar 2025Formentera Operations2413601,6491,6490$68.24$4.12
Feb 2025Formentera Operations16507837830$71.53$4.19
Jan 2025Formentera Operations1201802572570$75.74$4.13
Dec 2024Formentera Operations2151881031030$70.12$3.01
Nov 2024Formentera Operations16418032320$69.95$2.12
Oct 2024Formentera Operations14518966660$71.99$2.20
Sep 2024Formentera Operations16918656560$70.24$2.28
Aug 2024Formentera Operations19818154540$76.68$1.99
Jul 2024Formentera Operations1902011081080$81.80$2.07
Jun 2024Formentera Operations188188000$79.77$2.54
May 2024Formentera Operations197194000$80.02$2.12
Apr 2024Formentera Operations146373000$85.35$1.60
Mar 2024Formentera Operations1380000$81.28$1.49
Feb 2024Formentera Operations190176000$77.25$1.72
Jan 2024Formentera Operations209184000$74.15$3.18
Dec 2023Formentera Operations176184000$71.90$2.52
Nov 2023Formentera Operations167173000$77.69$2.71
Oct 2023Slant Operating,206184000$85.64$2.98
Sep 2023Slant Operating,185201000$89.43$2.64
Aug 2023Slant Operating,177181000$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 LLCFieldLea (Penn. Detrital)CountyCrane County

Formentera Operations LLC in Crane County

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Lea (Penn. Detrital) field

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