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Texas oil lease

Producing

STATE OF TEXAS -DV-

State of Texas -DV- is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Dune field.

8 wells

1,410bbl oil, last 12 months−21% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Dune
RRC lease
08-15047

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
526 mcf
Oil in Jul 2026
103 bbl

Production by month

Oil output fell 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for STATE OF TEXAS -DV-, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 1,410 bbl in the 12 months through Jul 2026, against 1,780 bbl in the 12 months before.Last 12 months: 1,410 bblbbl per monthmcf per month005020100401506020080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for STATE OF TEXAS -DV-, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 1,410 bbl in the 12 months through Jul 2026, against 1,780 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005020100401506020080Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

59% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Jun 2026.

  • Transmission line (2)
  • Flared (4)
59% of the gas went to flaring in the last 12 monthsShare of STATE OF TEXAS -DV- gas by disposition code each month, Aug 2023 to Jul 2026. 59% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
59% of the gas went to flaring in the last 12 monthsShare of STATE OF TEXAS -DV- gas by disposition code each month, Aug 2023 to Jul 2026. 59% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2026.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)

    59% · 309 mcf

  • Transmission line (2)

    41% · 217 mcf

58.7% of the gas flared in the last 12 months. 27 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.

8 wells on this lease

Wells on STATE OF TEXAS -DV-
API numberWell no.Status
42-103-041402Shut-in
42-103-041413Active
42-103-041424Shut-in
42-103-044011Active
42-103-309618Active
42-103-309929WActive
42-103-3504810Active
42-103-3507511Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100May 1, 2026–
Plains Marketing, L.p.OilGathers100Sep 1, 2022May 1, 2026
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Sep 1, 2022
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Sep 1, 2022
Plains Pipeline L.p.OilGathers100Apr 1, 2004Sep 1, 2022

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

Who buys my oilOil price check

160 acres on the newest permit

  • Good to know

    10 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 State of Texas -DV-
API numberWell no.Acreson the permit
42-103-3507511160
42-103-3504810160
42-103-041402–
42-103-041413–
42-103-041424–
42-103-044011–
42-103-309618–
42-103-309618W–
42-103-309929–
42-103-309929W–

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

Unit decimal checker

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36 months, newest first

Ledger for STATE OF TEXAS -DV-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations10310244044$80.46$2.89
Jun 2026Formentera Operations10512842042$84.81$3.15
May 2026Formentera Operations1049141833$102.13$2.94
Apr 2026Formentera Operations12012742339$100.32$2.77
Mar 2026Formentera Operations1099341437$91.38$3.04
Feb 2026Formentera Operations105111392217$64.51$3.62
Jan 2026Formentera Operations115122382513$60.04$7.72
Dec 2025Formentera Operations127128422022$57.97$4.26
Nov 2025Formentera Operations127119443311$60.06$3.79
Oct 2025Formentera Operations122128493118$60.89$3.19
Sep 2025Formentera Operations130137472621$63.96$2.97
Aug 2025Formentera Operations143133574512$64.86$2.91
Jul 2025Formentera Operations138127531439$68.39$3.20
Jun 2025Formentera Operations137157422418$68.17$3.02
May 2025Formentera Operations143138582335$62.17$3.12
Apr 2025Formentera Operations147139573621$63.54$3.42
Mar 2025Formentera Operations155162574512$68.24$4.12
Feb 2025Formentera Operations115116391128$71.53$4.19
Jan 2025Formentera Operations144142442618$75.74$4.13
Dec 2024Formentera Operations15415853152$70.12$3.01
Nov 2024Formentera Operations142145523616$69.95$2.12
Oct 2024Formentera Operations15914758571$71.99$2.20
Sep 2024Formentera Operations18220350428$70.24$2.28
Aug 2024Formentera Operations16415253476$76.68$1.99
Jul 2024Formentera Operations17016854468$81.80$2.07
Jun 2024Formentera Operations17617553530$79.77$2.54
May 2024Formentera Operations16315351510$80.02$2.12
Apr 2024Formentera Operations13414445387$85.35$1.60
Mar 2024Formentera Operations13614542411$81.28$1.49
Feb 2024Formentera Operations13012039390$77.25$1.72
Jan 2024Formentera Operations11612836351$74.15$3.18
Dec 2023Formentera Operations14713741410$71.90$2.52
Nov 2023Formentera Operations12713540328$77.69$2.71
Oct 2023Slant Operating,14314349490$85.64$2.98
Sep 2023Slant Operating,14614146442$89.43$2.64
Aug 2023Slant Operating,16316553530$81.39$2.58

Flared above 3%

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 LLCFieldDuneCountyCrane County

Formentera Operations LLC in Crane County

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Dune field

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