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Texas gas well

Producing

UNIVERSITY 35

University 35 is a gas well in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Devonian) field.

1 well

6,307mcf gas, last 12 months−13% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Devonian)
RRC lease
08-214565

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil, last 12 months
543 bbl
Gas in Jul 2026
559 mcf

Production by month

Gas output fell 13% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 13% over the last 12 monthsMonthly gas production and oil for UNIVERSITY 35, Aug 2023 to Jul 2026. Gas output fell 13% over the last 12 months. 6,307 mcf in the 12 months through Jul 2026, against 7,216 mcf in the 12 months before.Last 12 months: 6,307 mcfmcf per monthbbl per month002002540050600758001001,000125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 13% over the last 12 monthsMonthly gas production and oil for UNIVERSITY 35, Aug 2023 to Jul 2026. Gas output fell 13% over the last 12 months. 6,307 mcf in the 12 months through Jul 2026, against 7,216 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002002540050600758001001,000125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

72% of the gas went to a transmission line in the last 12 months

Flaring peaked at 82.5% of the gas in Jun 2026.

  • Transmission line (2)
  • Flared (4)
72% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 35 gas by disposition code each month, Aug 2023 to Jul 2026. 72% of the gas went to a transmission line in the last 12 months. Flaring peaked at 82.5% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 82.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
72% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 35 gas by disposition code each month, Aug 2023 to Jul 2026. 72% of the gas went to a transmission line in the last 12 months. Flaring peaked at 82.5% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 82.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    72% · 4,512 mcf

  • Flared (4)

    28% · 1,795 mcf

28.5% of the gas flared in the last 12 months. 14 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.

1 well on this lease

Wells on UNIVERSITY 35
API numberWell no.Status
42-103-329222Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCCondensateGathers80Jan 1, 2023–
Shell Trading (Us) CompanyCondensateGathers20Jan 1, 2023–
Targa Midstream Services LLCGas-well gasBuys100Jul 1, 2021–
Targa Midstream Services LLCGas-well gasGathers100Jul 1, 2021–
Plains Marketing, L.p.CondensateGathers100Nov 1, 2011Jan 1, 2023
Apache CorporationGas-well gasGathers100Dec 1, 2010Jul 1, 2021
Apache CorporationGas-well gasBuys100Dec 1, 2010Jul 1, 2021

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

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80 acres on the newest permit

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Permits for University 35
API numberWell no.Acreson the permit
42-103-32922280

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

Unit decimal checker

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36 months, newest first

Ledger for UNIVERSITY 35
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations282355948277$80.46$2.89
Jun 2026Formentera Operations273451390423$84.81$3.15
May 2026Formentera Operations3224489142347$102.13$2.94
Apr 2026Formentera Operations2331506389117$100.32$2.77
Mar 2026Formentera Operations29335995945$91.38$3.04
Feb 2026Formentera Operations535556254319$64.51$3.62
Jan 2026Formentera Operations58585915838$60.04$7.72
Dec 2025Formentera Operations6561510296214$57.97$4.26
Nov 2025Formentera Operations5760482306176$60.06$3.79
Oct 2025Formentera Operations5350441130311$60.89$3.19
Sep 2025Formentera Operations565942434579$63.96$2.97
Aug 2025Formentera Operations626263161219$64.86$2.91
Jul 2025Formentera Operations77785885826$68.39$3.20
Jun 2025Formentera Operations86975355287$68.17$3.02
May 2025Formentera Operations878155248270$62.17$3.12
Apr 2025Formentera Operations97119604426178$63.54$3.42
Mar 2025Formentera Operations111956906900$68.24$4.12
Feb 2025Formentera Operations90766436430$71.53$4.19
Jan 2025Formentera Operations9210065764512$75.74$4.13
Dec 2024Formentera Operations10496599373226$70.12$3.01
Nov 2024Formentera Operations63605095018$69.95$2.12
Oct 2024Formentera Operations666560155645$71.99$2.20
Sep 2024Formentera Operations53566126075$70.24$2.28
Aug 2024Formentera Operations57596266260$76.68$1.99
Jul 2024Formentera Operations57576056050$81.80$2.07
Jun 2024Formentera Operations33244294290$79.77$2.54
May 2024Formentera Operations34385095090$80.02$2.12
Apr 2024Formentera Operations47455435430$85.35$1.60
Mar 2024Formentera Operations46475435430$81.28$1.49
Feb 2024Formentera Operations31283893890$77.25$1.72
Jan 2024Formentera Operations25244354350$74.15$3.18
Dec 2023Formentera Operations25234884880$71.90$2.52
Nov 2023Formentera Operations25284534530$77.69$2.71
Oct 2023Slant Operating,29294774770$85.64$2.98
Sep 2023Slant Operating,26265345286$89.43$2.64
Aug 2023Slant Operating,313353552411$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 LLCFieldBlock 31 (Devonian)CountyCrane County

Formentera Operations LLC in Crane County

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Block 31 (Devonian) field

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