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Texas oil lease

Producing

UNIVERSITY -35-

University -35- is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Penn. 7620) field.

Oil lease dossier

1,900bbl oil, last 12 months−23% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Penn. 7620)
RRC lease
08-60013

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
4,230 mcf
Oil in Jul 2026
117 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 UNIVERSITY -35-, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 1,900 bbl in the 12 months through Jul 2026, against 2,455 bbl in the 12 months before.Last 12 months: 1,900 bblbbl per monthmcf per month002002504005006007508001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -35-, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 1,900 bbl in the 12 months through Jul 2026, against 2,455 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,000Jan 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% · 3,059 mcf

  • Flared (4)

    28% · 1,171 mcf

27.7% of the gas flared in the last 12 months. 14 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, May 2023 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2026202420252026Changed Nov 2023Slant Operating, LLCMay 2023 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeSlant Operating, LLC, May 2023 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2026202420252026Changed Nov 2023Slant Operating, LLCMay 2023 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%From
Eastex Crude Company, LLCOilGathers50May 20, 2023
Shell Trading (Us) CompanyOilGathers50May 20, 2023
Targa Midstream Services LLCCasinghead gasBuys100May 20, 2023
Targa Midstream Services LLCCasinghead gasGathers100May 20, 2023

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

Who buys my oilOil price check

80 acres on the newest permit

Check your decimal on this lease
Permits for University -35-
API numberWell no.Acreson the permit
42-103-32746180

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -35-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1179834930148$80.46$2.89
Jun 2026Formentera Operations13717232056264$84.81$3.15
May 2026Formentera Operations15512930689217$102.13$2.94
Apr 2026Formentera Operations18420134226379$100.32$2.77
Mar 2026Formentera Operations111874174134$91.38$3.04
Feb 2026Formentera Operations6110132731611$64.51$3.62
Jan 2026Formentera Operations2072144033976$60.04$7.72
Dec 2025Formentera Operations243201325189136$57.97$4.26
Nov 2025Formentera Operations112119306194112$60.06$3.79
Oct 2025Formentera Operations11413930088212$60.89$3.19
Sep 2025Formentera Operations23923835929267$63.96$2.97
Aug 2025Formentera Operations22021547646115$64.86$2.91
Jul 2025Formentera Operations2162094414374$68.39$3.20
Jun 2025Formentera Operations2032163753714$68.17$3.02
May 2025Formentera Operations17516233128942$62.17$3.12
Apr 2025Formentera Operations194238377268109$63.54$3.42
Mar 2025Formentera Operations2342124514510$68.24$4.12
Feb 2025Formentera Operations1971584194190$71.53$4.19
Jan 2025Formentera Operations1832004594509$75.74$4.13
Dec 2024Formentera Operations197186425265160$70.12$3.01
Nov 2024Formentera Operations2022094304237$69.95$2.12
Oct 2024Formentera Operations23322951047436$71.99$2.20
Sep 2024Formentera Operations1952094864824$70.24$2.28
Aug 2024Formentera Operations2262285465460$76.68$1.99
Jul 2024Formentera Operations2032215275270$81.80$2.07
Jun 2024Formentera Operations2272124714710$79.77$2.54
May 2024Formentera Operations2322065345340$80.02$2.12
Apr 2024Formentera Operations1812187337330$85.35$1.60
Mar 2024Formentera Operations2632486396390$81.28$1.49
Feb 2024Formentera Operations2863354674670$77.25$1.72
Jan 2024Formentera Operations4314283733730$74.15$3.18
Dec 2023Formentera Operations4694204184180$71.90$2.52
Nov 2023Formentera Operations4424983793790$77.69$2.71
Oct 2023Slant Operating,4694656836830$85.64$2.98
Sep 2023Slant Operating,45948793792710$89.43$2.64
Aug 2023Slant Operating,67773495893919$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 (Penn. 7620)CountyCrane County

Formentera Operations LLC in Crane County

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Block 31 (Penn. 7620) field

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New drilling permits in Crane County

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