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Texas gas well

Producing

UNIVERSITY "47"

University "47" is a gas well in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Queen) field.

1 well

152mcf gas, last 12 months−5% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Queen)
RRC lease
08-169033

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil, last 12 months
342 bbl
Gas in Jul 2026
14 mcf

Production by month

Gas output fell 5% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 5% over the last 12 monthsMonthly gas production and oil for UNIVERSITY "47", Aug 2023 to Jul 2026. Gas output fell 5% over the last 12 months. 152 mcf in the 12 months through Jul 2026, against 160 mcf in the 12 months before.Last 12 months: 152 mcfmcf per monthbbl per month00510102015302040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 5% over the last 12 monthsMonthly gas production and oil for UNIVERSITY "47", Aug 2023 to Jul 2026. Gas output fell 5% over the last 12 months. 152 mcf in the 12 months through Jul 2026, against 160 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month00510102015302040Jan 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 84.6% 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 "47" 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 84.6% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 84.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
72% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY "47" 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 84.6% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 84.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    72% · 109 mcf

  • Flared (4)

    28% · 43 mcf

28.3% of the gas flared in the last 12 months. 12 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 "47"
API numberWell no.Status
42-103-346022Active

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 gasBuys100Jan 1, 2023–
Targa Midstream Services LLCGas-well gasGathers100Jul 1, 2021–
Plains Marketing, L.p.CondensateGathers100Nov 1, 2011Jan 1, 2023
Targa Midstream Services LLCGas-well gasBuys100Jul 1, 2021Jan 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).

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160 acres on the newest permit

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Permits for University "47"
API numberWell no.Acreson the permit
42-103-346022160

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY "47"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations282314122$80.46$2.89
Jun 2026Formentera Operations273413211$84.81$3.15
May 2026Formentera Operations32241349$102.13$2.94
Apr 2026Formentera Operations233113103$100.32$2.77
Mar 2026Formentera Operations292815150$91.38$3.04
Feb 2026Formentera Operations282713130$64.51$3.62
Jan 2026Formentera Operations302913130$60.04$7.72
Dec 2025Formentera Operations32301275$57.97$4.26
Nov 2025Formentera Operations28301174$60.06$3.79
Oct 2025Formentera Operations27251037$60.89$3.19
Sep 2025Formentera Operations27291192$63.96$2.97
Aug 2025Formentera Operations312914140$64.86$2.91
Jul 2025Formentera Operations262613130$68.39$3.20
Jun 2025Formentera Operations293212120$68.17$3.02
May 2025Formentera Operations292711101$62.17$3.12
Apr 2025Formentera Operations32401394$63.54$3.42
Mar 2025Formentera Operations383214140$68.24$4.12
Feb 2025Formentera Operations292513130$71.53$4.19
Jan 2025Formentera Operations313313130$75.74$4.13
Dec 2024Formentera Operations31291385$70.12$3.01
Nov 2024Formentera Operations293012120$69.95$2.12
Oct 2024Formentera Operations343315141$71.99$2.20
Sep 2024Formentera Operations272815150$70.24$2.28
Aug 2024Formentera Operations282916160$76.68$1.99
Jul 2024Formentera Operations282915150$81.80$2.07
Jun 2024Formentera Operations262411110$79.77$2.54
May 2024Formentera Operations262513130$80.02$2.12
Apr 2024Formentera Operations293113130$85.35$1.60
Mar 2024Formentera Operations262413130$81.28$1.49
Feb 2024Formentera Operations252611110$77.25$1.72
Jan 2024Formentera Operations252412120$74.15$3.18
Dec 2023Formentera Operations252314140$71.90$2.52
Nov 2023Formentera Operations252813130$77.69$2.71
Oct 2023Slant Operating,292913130$85.64$2.98
Sep 2023Slant Operating,262614140$89.43$2.64
Aug 2023Slant Operating,313314140$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 (Queen)CountyCrane County

Formentera Operations LLC in Crane County

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Block 31 (Queen) field

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