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Producing

UNIVERSITY -36B-

University -36B- is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Penn. 7620) field.

Oil lease dossier

2,484bbl oil, last 12 months−29% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Penn. 7620)
RRC lease
08-59097

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
4,584 mcf
Oil in Jul 2026
148 bbl

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -36B-, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 2,484 bbl in the 12 months through Jul 2026, against 3,484 bbl in the 12 months before.Last 12 months: 2,484 bblbbl per monthmcf per month002002504005006007508001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -36B-, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 2,484 bbl in the 12 months through Jul 2026, against 3,484 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

71% 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)
71% 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. 71% 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
71% 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. 71% 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)

    71% · 3,275 mcf

  • Flared (4)

    29% · 1,309 mcf

28.6% 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, Feb 2023 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2026202420252026Changed Nov 2023Slant Operating, LLCFeb 2023 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeSlant Operating, LLC, Feb 2023 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2026202420252026Changed Nov 2023Slant Operating, LLCFeb 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, LLCOilGathers50Feb 9, 2023
Shell Trading (Us) CompanyOilGathers50Feb 9, 2023
Targa Midstream Services LLCCasinghead gasBuys100Feb 9, 2023
Targa Midstream Services LLCCasinghead gasGathers100Feb 9, 2023

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

Who buys my oilOil price check

160 acres on the newest permit

Check your decimal on this lease
Permits for University -36B-
API numberWell no.Acreson the permit
42-103-361532160

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -36B-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations14812639233854$80.46$2.89
Jun 2026Formentera Operations19224135963296$84.81$3.15
May 2026Formentera Operations217166345101244$102.13$2.94
Apr 2026Formentera Operations16523136828385$100.32$2.77
Mar 2026Formentera Operations2312214454414$91.38$3.04
Feb 2026Formentera Operations22620736735512$64.51$3.62
Jan 2026Formentera Operations2092164064006$60.04$7.72
Dec 2025Formentera Operations260243367213154$57.97$4.26
Nov 2025Formentera Operations206212355225130$60.06$3.79
Oct 2025Formentera Operations205200346102244$60.89$3.19
Sep 2025Formentera Operations20320835428965$63.96$2.97
Aug 2025Formentera Operations22221548046515$64.86$2.91
Jul 2025Formentera Operations1931834013974$68.39$3.20
Jun 2025Formentera Operations1992263553514$68.17$3.02
May 2025Formentera Operations22121333128942$62.17$3.12
Apr 2025Formentera Operations259318399284115$63.54$3.42
Mar 2025Formentera Operations2952534834830$68.24$4.12
Feb 2025Formentera Operations2912664364360$71.53$4.19
Jan 2025Formentera Operations3543914584499$75.74$4.13
Dec 2024Formentera Operations379344426266160$70.12$3.01
Nov 2024Formentera Operations3173284424357$69.95$2.12
Oct 2024Formentera Operations36636052848840$71.99$2.20
Sep 2024Formentera Operations2993115885844$70.24$2.28
Aug 2024Formentera Operations3113248888880$76.68$1.99
Jul 2024Formentera Operations3113158128120$81.80$2.07
Jun 2024Formentera Operations2852724754750$79.77$2.54
May 2024Formentera Operations3203042312310$80.02$2.12
Apr 2024Formentera Operations3844209869860$85.35$1.60
Mar 2024Formentera Operations3593319789780$81.28$1.49
Feb 2024Formentera Operations3453467537530$77.25$1.72
Jan 2024Formentera Operations2622508968960$74.15$3.18
Dec 2023Formentera Operations3503398288280$71.90$2.52
Nov 2023Formentera Operations3934436026020$77.69$2.71
Oct 2023Slant Operating,3953835025020$85.64$2.98
Sep 2023Slant Operating,3924396025966$89.43$2.64
Aug 2023Slant Operating,67773481980316$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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