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UNIVERSITY 38 A

University 38 A is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Penn. 7620) field.

2 wells

950bbl oil, last 12 months−24% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Penn. 7620)
RRC lease
08-45621

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
5,840 mcf
Oil in Jul 2026
72 bbl

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38 A, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 950 bbl in the 12 months through Jul 2026, against 1,255 bbl in the 12 months before.Last 12 months: 950 bblbbl per monthmcf per month001002002004003006004008005001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38 A, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 950 bbl in the 12 months through Jul 2026, against 1,255 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002002004003006004008005001,000Jan 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 82.4% 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 A 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 82.4% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 82.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
71% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 38 A 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 82.4% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 82.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    71% · 4,144 mcf

  • Flared (4)

    29% · 1,696 mcf

29.0% 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 38 A
API numberWell no.Status
42-103-330262Active
42-103-360424Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Nov 19, 2013
Targa Midstream Services LLCCasinghead gasBuys100Nov 19, 2013
Targa Midstream Services LLCCasinghead gasGathers100Nov 19, 2013

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

Who buys my oilOil price check

80 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 80 and 160 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for University 38 A
API numberWell no.Acreson the permit
42-103-33026280
42-103-360424160

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

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36 months, newest first

Ledger for UNIVERSITY 38 A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations725153045377$80.46$2.89
Jun 2026Formentera Operations556951190421$84.81$3.15
May 2026Formentera Operations6147482141341$102.13$2.94
Apr 2026Formentera Operations5273506389117$100.32$2.77
Mar 2026Formentera Operations75775915865$91.38$3.04
Feb 2026Formentera Operations909048546916$64.51$3.62
Jan 2026Formentera Operations1061105064997$60.04$7.72
Dec 2025Formentera Operations136133422245177$57.97$4.26
Nov 2025Formentera Operations128113416264152$60.06$3.79
Oct 2025Formentera Operations5245406120286$60.89$3.19
Sep 2025Formentera Operations445542334479$63.96$2.97
Aug 2025Formentera Operations797856254418$64.86$2.91
Jul 2025Formentera Operations73685245195$68.39$3.20
Jun 2025Formentera Operations71814734676$68.17$3.02
May 2025Formentera Operations655646440559$62.17$3.12
Apr 2025Formentera Operations75104518364154$63.54$3.42
Mar 2025Formentera Operations1231175705700$68.24$4.12
Feb 2025Formentera Operations1221025665660$71.53$4.19
Jan 2025Formentera Operations13615459658511$75.74$4.13
Dec 2024Formentera Operations144127547341206$70.12$3.01
Nov 2024Formentera Operations1151195535449$69.95$2.12
Oct 2024Formentera Operations13313165961049$71.99$2.20
Sep 2024Formentera Operations1051036486435$70.24$2.28
Aug 2024Formentera Operations931045765760$76.68$1.99
Jul 2024Formentera Operations1381867847840$81.80$2.07
Jun 2024Formentera Operations2312024874870$79.77$2.54
May 2024Formentera Operations2061766466460$80.02$2.12
Apr 2024Formentera Operations1171258458450$85.35$1.60
Mar 2024Formentera Operations1081041951950$81.28$1.49
Feb 2024Formentera Operations1602035735730$77.25$1.72
Jan 2024Formentera Operations3013056446440$74.15$3.18
Dec 2023Formentera Operations3393047397390$71.90$2.52
Nov 2023Formentera Operations3203606736730$77.69$2.71
Oct 2023Slant Operating,3693736836830$85.64$2.98
Sep 2023Slant Operating,2772567537458$89.43$2.64
Aug 2023Slant Operating,42352180278715$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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