Skip to content
Royalty Clerk

Texas gas well

Producing

UNIVERSITY 38

University 38 is a gas well in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Devonian) field.

1 well

757mcf gas, last 12 months−4% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Devonian)
RRC lease
08-211842

Is your check right?

Check my statement

Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas in Jul 2026
70 mcf
Reporting since
Jan 2020

Production by month

Gas output fell 4% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output fell 4% over the last 12 monthsMonthly gas production for UNIVERSITY 38, Aug 2023 to Jul 2026. Gas output fell 4% over the last 12 months. 757 mcf in the 12 months through Jul 2026, against 791 mcf in the 12 months before.Last 12 months: 757 mcfmcf per month020406080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 4% over the last 12 monthsMonthly gas production for UNIVERSITY 38, Aug 2023 to Jul 2026. Gas output fell 4% over the last 12 months. 757 mcf in the 12 months through Jul 2026, against 791 mcf in the 12 months before.Last 12 monthsmcf per month020406080Jan 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 82.8% 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 38 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 82.8% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 82.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
71% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 38 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 82.8% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 82.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    71% · 539 mcf

  • Flared (4)

    29% · 218 mcf

28.8% of the gas flared in the last 12 months. 13 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 38
API numberWell no.Status
42-103-112141Active

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).

Who buys my oilOil price check

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

Check your decimal on this lease
Permits for University 38
API numberWell no.Acreson the permit
42-103-112141–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 38
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations706010$80.46$2.89
Jun 2026Formentera Operations641153$84.81$3.15
May 2026Formentera Operations611843$102.13$2.94
Apr 2026Formentera Operations644915$100.32$2.77
Mar 2026Formentera Operations75741$91.38$3.04
Feb 2026Formentera Operations65632$64.51$3.62
Jan 2026Formentera Operations67661$60.04$7.72
Dec 2025Formentera Operations583424$57.97$4.26
Nov 2025Formentera Operations553520$60.06$3.79
Oct 2025Formentera Operations531637$60.89$3.19
Sep 2025Formentera Operations534310$63.96$2.97
Aug 2025Formentera Operations72702$64.86$2.91
Jul 2025Formentera Operations67661$68.39$3.20
Jun 2025Formentera Operations59581$68.17$3.02
May 2025Formentera Operations55487$62.17$3.12
Apr 2025Formentera Operations614318$63.54$3.42
Mar 2025Formentera Operations69690$68.24$4.12
Feb 2025Formentera Operations64640$71.53$4.19
Jan 2025Formentera Operations67661$75.74$4.13
Dec 2024Formentera Operations613823$70.12$3.01
Nov 2024Formentera Operations61601$69.95$2.12
Oct 2024Formentera Operations74686$71.99$2.20
Sep 2024Formentera Operations75741$70.24$2.28
Aug 2024Formentera Operations78780$76.68$1.99
Jul 2024Formentera Operations74740$81.80$2.07
Jun 2024Formentera Operations53530$79.77$2.54
May 2024Formentera Operations63630$80.02$2.12
Apr 2024Formentera Operations67670$85.35$1.60
Mar 2024Formentera Operations65650$81.28$1.49
Feb 2024Formentera Operations53530$77.25$1.72
Jan 2024Formentera Operations62620$74.15$3.18
Dec 2023Formentera Operations70700$71.90$2.52
Nov 2023Formentera Operations63630$77.69$2.71
Oct 2023Slant Operating,64640$85.64$2.98
Sep 2023Slant Operating,72711$89.43$2.64
Aug 2023Slant Operating,72711$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.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldBlock 31 (Devonian)CountyCrane County

Formentera Operations LLC in Crane County

All Formentera Operations LLC leases →

Block 31 (Devonian) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km