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Texas oil lease

Producing

STATE OF TEXAS -DX-

State of Texas -DX- is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the University Waddell (Devonian) field.

6 wells

970bbl oil, last 12 months−30% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
University Waddell (Devonian)
RRC lease
08-18118

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
350 mcf
Oil in Jul 2026
37 bbl

Production by month

Oil output fell 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for STATE OF TEXAS -DX-, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 970 bbl in the 12 months through Jul 2026, against 1,386 bbl in the 12 months before.Last 12 months: 970 bblbbl per monthmcf per month005010100201503020040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for STATE OF TEXAS -DX-, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 970 bbl in the 12 months through Jul 2026, against 1,386 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005010100201503020040Jan 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 Dec 2024.

  • Transmission line (2)
  • Flared (4)
59% of the gas went to flaring in the last 12 monthsShare of STATE OF TEXAS -DX- 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 Dec 2024.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 -DX- 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 Dec 2024.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% · 205 mcf

  • Transmission line (2)

    41% · 145 mcf

58.6% of the gas flared in the last 12 months. 28 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.

6 wells on this lease

Wells on STATE OF TEXAS -DX-
API numberWell no.Status
42-103-1011610Shut-in
42-103-101199Active
42-103-1047711Active
42-103-1047812Active
42-103-1047913Shut-in
42-103-1048014Shut-in

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

320 acres on the newest permit

Check your decimal on this lease
Permits for State of Texas -DX-
API numberWell no.Acreson the permit
42-103-1047913320
42-103-1011610–
42-103-101199–
42-103-1047711–
42-103-1047812–
42-103-1048014–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for STATE OF TEXAS -DX-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations374128028$80.46$2.89
Jun 2026Formentera Operations425128028$84.81$3.15
May 2026Formentera Operations413627522$102.13$2.94
Apr 2026Formentera Operations485128226$100.32$2.77
Mar 2026Formentera Operations433728325$91.38$3.04
Feb 2026Formentera Operations4345261511$64.51$3.62
Jan 2026Formentera Operations678426179$60.04$7.72
Dec 2025Formentera Operations127128281315$57.97$4.26
Nov 2025Formentera Operations12711929227$60.06$3.79
Oct 2025Formentera Operations122128332112$60.89$3.19
Sep 2025Formentera Operations130137311714$63.96$2.97
Aug 2025Formentera Operations14313338308$64.86$2.91
Jul 2025Formentera Operations12711435926$68.39$3.20
Jun 2025Formentera Operations109124281612$68.17$3.02
May 2025Formentera Operations125124381523$62.17$3.12
Apr 2025Formentera Operations132125382414$63.54$3.42
Mar 2025Formentera Operations14014638308$68.24$4.12
Feb 2025Formentera Operations878426719$71.53$4.19
Jan 2025Formentera Operations10199291712$75.74$4.13
Dec 2024Formentera Operations10811135035$70.12$3.01
Nov 2024Formentera Operations98101352411$69.95$2.12
Oct 2024Formentera Operations11210339381$71.99$2.20
Sep 2024Formentera Operations12714233285$70.24$2.28
Aug 2024Formentera Operations12011235314$76.68$1.99
Jul 2024Formentera Operations1069836315$81.80$2.07
Jun 2024Formentera Operations706835350$79.77$2.54
May 2024Formentera Operations666334340$80.02$2.12
Apr 2024Formentera Operations606430255$85.35$1.60
Mar 2024Formentera Operations728227270$81.28$1.49
Feb 2024Formentera Operations989626260$77.25$1.72
Jan 2024Formentera Operations9310424231$74.15$3.18
Dec 2023Formentera Operations12311527270$71.90$2.52
Nov 2023Formentera Operations10811427225$77.69$2.71
Oct 2023Slant Operating,12112133330$85.64$2.98
Sep 2023Slant Operating,1069632311$89.43$2.64
Aug 2023Slant Operating,10310439390$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 LLCFieldUniversity Waddell (Devonian)CountyCrane County

Formentera Operations LLC in Crane County

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University Waddell (Devonian) field

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