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Texas oil lease

Producing

TEXAS "W"

Texas "W" is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Dune (Wolfcamp) field.

Oil lease dossier

1,278bbl oil, last 12 months−23% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Dune (Wolfcamp)
RRC lease
08-56948

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
3,165 mcf
Oil in Jul 2026
125 bbl

Production by month

Oil output fell 23% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for TEXAS "W", Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 1,278 bbl in the 12 months through Jul 2026, against 1,656 bbl in the 12 months before.Last 12 months: 1,278 bblbbl per monthmcf per month0050200100400150600200800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for TEXAS "W", Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 1,278 bbl in the 12 months through Jul 2026, against 1,656 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050200100400150600200800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

53% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Sep 2023.

  • Transmission line (2)
  • Flared (4)
53% of the gas went to flaring in the last 12 monthsShare of TEXAS "W" gas by disposition code each month, Aug 2023 to Jul 2026. 53% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
53% of the gas went to flaring in the last 12 monthsShare of TEXAS "W" gas by disposition code each month, Aug 2023 to Jul 2026. 53% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Sep 2023.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)

    53% · 1,663 mcf

  • Transmission line (2)

    47% · 1,502 mcf

52.5% of the gas flared in the last 12 months. 33 months above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2023

Operators of this lease over timeSlant Operating, LLC, Dec 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 202620222023202420252026Changed Nov 2023Slant Operating, LLCDec 2021 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeSlant Operating, LLC, Dec 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 202620222023202420252026Changed Nov 2023Slant Operating, LLCDec 2021 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers50Jan 1, 2023–
Dcp Operating Company, LPCasinghead gasBuys100Dec 1, 2021–
Dcp Operating Company, LPCasinghead gasGathers100Dec 1, 2021–
Sentinel Transportation, LLCOilGathers100Dec 9, 2021Jan 1, 2023
Eastex Crude CompanyOilGathers50Dec 1, 2021Dec 9, 2021
Shell Trading (Us) CompanyOilGathers50Dec 1, 2021Dec 9, 2021

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

Who buys my oilOil price check

160 acres on the newest permit

Permits for Texas "W"
API numberWell no.Acreson the permit
42-103-053795160

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for TEXAS "W"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1251311050105$80.46$2.89
Jun 2026Formentera Operations82641358127$84.81$3.15
May 2026Formentera Operations5859220103117$102.13$2.94
Apr 2026Formentera Operations13216327123248$100.32$2.77
Mar 2026Formentera Operations15214030752255$91.38$3.04
Feb 2026Formentera Operations135122239122117$64.51$3.62
Jan 2026Formentera Operations11511224314697$60.04$7.72
Dec 2025Formentera Operations108122215105110$57.97$4.26
Nov 2025Formentera Operations999026019367$60.06$3.79
Oct 2025Formentera Operations7872396227169$60.89$3.19
Sep 2025Formentera Operations96105399217182$63.96$2.97
Aug 2025Formentera Operations989237530669$64.86$2.91
Jul 2025Formentera Operations817925485169$68.39$3.20
Jun 2025Formentera Operations9312235826692$68.17$3.02
May 2025Formentera Operations143135267108159$62.17$3.12
Apr 2025Formentera Operations11911324716780$63.54$3.42
Mar 2025Formentera Operations141147408269139$68.24$4.12
Feb 2025Formentera Operations153136503105398$71.53$4.19
Jan 2025Formentera Operations156178319214105$75.74$4.13
Dec 2024Formentera Operations1941912362234$70.12$3.01
Nov 2024Formentera Operations17315627117794$69.95$2.12
Oct 2024Formentera Operations1431462032003$71.99$2.20
Sep 2024Formentera Operations14914637830474$70.24$2.28
Aug 2024Formentera Operations11111142035763$76.68$1.99
Jul 2024Formentera Operations10712237929188$81.80$2.07
Jun 2024Formentera Operations1511353133130$79.77$2.54
May 2024Formentera Operations13913839538114$80.02$2.12
Apr 2024Formentera Operations1031044474470$85.35$1.60
Mar 2024Formentera Operations10697451347104$81.28$1.49
Feb 2024Formentera Operations1081234122410$77.25$1.72
Jan 2024Formentera Operations1241353000300$74.15$3.18
Dec 2023Formentera Operations1431343021301$71.90$2.52
Nov 2023Formentera Operations15816027323250$77.69$2.71
Oct 2023Slant Operating,1021011854181$85.64$2.98
Sep 2023Slant Operating,1091051670167$89.43$2.64
Aug 2023Slant Operating,18218524360183$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldDune (Wolfcamp)CountyCrane County

Formentera Operations LLC in Crane County

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Dune (Wolfcamp) field

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New drilling permits in Crane County

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