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UNIVERSITY -36B-

University -36B- is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Devonian) field.

2 wells

342bbl oil, last 12 months−6% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Devonian)
RRC lease
08-29143

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
7,031 mcf
Oil in Jul 2026
28 bbl

Production by month

Oil output fell 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -36B-, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 342 bbl in the 12 months through Jul 2026, against 363 bbl in the 12 months before.Last 12 months: 342 bblbbl per monthmcf per month002520050400756001008001251,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -36B-, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 342 bbl in the 12 months through Jul 2026, against 363 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002520050400756001008001251,000Jan 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 -36B- 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 -36B- 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% · 5,034 mcf

  • Flared (4)

    28% · 1,997 mcf

28.4% 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.

2 wells on this lease

Wells on UNIVERSITY -36B-
API numberWell no.Status
42-103-333961 LActive
42-103-361532Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers80Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers20Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys100Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers100Jan 1, 2023–
Enterprise Crude Oil LLCOilGathers100May 1, 2010Jan 1, 2023
Apache CorporationCasinghead gasGathers100Dec 1, 2010Jul 1, 2021
Apache CorporationCasinghead gasBuys100Dec 1, 2010Jul 1, 2021

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

Who buys my oilOil price check

160 acres on the newest permit

  • 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 University -36B-
API numberWell no.Acreson the permit
42-103-361532160
42-103-333961160
42-103-333961 L160

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

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36 months, newest first

Ledger for UNIVERSITY -36B-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations282361553085$80.46$2.89
Jun 2026Formentera Operations273456599466$84.81$3.15
May 2026Formentera Operations3224538156382$102.13$2.94
Apr 2026Formentera Operations2331565435130$100.32$2.77
Mar 2026Formentera Operations29286766706$91.38$3.04
Feb 2026Formentera Operations282761159120$64.51$3.62
Jan 2026Formentera Operations30296326239$60.04$7.72
Dec 2025Formentera Operations3230547318229$57.97$4.26
Nov 2025Formentera Operations2830525333192$60.06$3.79
Oct 2025Formentera Operations2725509151358$60.89$3.19
Sep 2025Formentera Operations272952642997$63.96$2.97
Aug 2025Formentera Operations312972269923$64.86$2.91
Jul 2025Formentera Operations26266686626$68.39$3.20
Jun 2025Formentera Operations29325915847$68.17$3.02
May 2025Formentera Operations292755248270$62.17$3.12
Apr 2025Formentera Operations3240604426178$63.54$3.42
Mar 2025Formentera Operations38326906900$68.24$4.12
Feb 2025Formentera Operations29256436430$71.53$4.19
Jan 2025Formentera Operations313367065713$75.74$4.13
Dec 2024Formentera Operations3129601376225$70.12$3.01
Nov 2024Formentera Operations293060859810$69.95$2.12
Oct 2024Formentera Operations343373367855$71.99$2.20
Sep 2024Formentera Operations27287497436$70.24$2.28
Aug 2024Formentera Operations28298608600$76.68$1.99
Jul 2024Formentera Operations28298178170$81.80$2.07
Jun 2024Formentera Operations26245855850$79.77$2.54
May 2024Formentera Operations26257197190$80.02$2.12
Apr 2024Formentera Operations1001225535530$85.35$1.60
Mar 2024Formentera Operations104954574570$81.28$1.49
Feb 2024Formentera Operations1001043723720$77.25$1.72
Jan 2024Formentera Operations96954354350$74.15$3.18
Dec 2023Formentera Operations103934884880$71.90$2.52
Nov 2023Formentera Operations991114354350$77.69$2.71
Oct 2023Slant Operating,1131153333330$85.64$2.98
Sep 2023Slant Operating,1051032602573$89.43$2.64
Aug 2023Slant Operating,1221332602555$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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