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UNIVERSITY DEVONIAN 16

University Devonian 16 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Penn. 7620) field.

1 well

3,275bbl oil, last 12 months−18% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Penn. 7620)
RRC lease
08-44860

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
3,206 mcf
Oil in Jul 2026
120 bbl

Production by month

Oil output fell 18% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for UNIVERSITY DEVONIAN 16, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 3,275 bbl in the 12 months through Jul 2026, against 4,001 bbl in the 12 months before.Last 12 months: 3,275 bblbbl per monthmcf per month00100100200200300300400400500500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for UNIVERSITY DEVONIAN 16, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 3,275 bbl in the 12 months through Jul 2026, against 4,001 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400500500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a transmission line in the last 12 months

Flaring peaked at 36.9% of the gas in Jun 2026.

  • Transmission line (2)
  • Flared (4)
92% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY DEVONIAN 16 gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 36.9% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 36.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
92% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY DEVONIAN 16 gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 36.9% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 36.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    92% · 2,936 mcf

  • Flared (4)

    8.4% · 270 mcf

8.4% of the gas flared in the last 12 months. 9 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 DEVONIAN 16
API numberWell no.Status
42-103-362241Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers50Jul 1, 2020–
Eastex Crude CompanyOilGathers50Jul 1, 2020Jan 1, 2023
Apache CorporationCasinghead gasGathers100Oct 7, 2013Jul 1, 2021
Apache CorporationCasinghead gasBuys100Oct 7, 2013Jul 1, 2021
Plains Marketing, L.p.OilGathers100Oct 7, 2013Jul 1, 2020

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

Who buys my oilOil price check

560 acres on the newest permit

Permits for University Devonian 16
API numberWell no.Acreson the permit
42-103-362241560

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for UNIVERSITY DEVONIAN 16
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations12001151150$80.46$2.89
Jun 2026Formentera Operations19937022214082$84.81$3.15
May 2026Formentera Operations2931793243240$102.13$2.94
Apr 2026Formentera Operations2683662912910$100.32$2.77
Mar 2026Formentera Operations2911853183180$91.38$3.04
Feb 2026Formentera Operations2833722912910$64.51$3.62
Jan 2026Formentera Operations29836226424618$60.04$7.72
Dec 2025Formentera Operations31118622518639$57.97$4.26
Nov 2025Formentera Operations30536628123447$60.06$3.79
Oct 2025Formentera Operations28718426723928$60.89$3.19
Sep 2025Formentera Operations31836030426242$63.96$2.97
Aug 2025Formentera Operations30236330429014$64.86$2.91
Jul 2025Formentera Operations29817531029911$68.39$3.20
Jun 2025Formentera Operations3193693313310$68.17$3.02
May 2025Formentera Operations3233043273270$62.17$3.12
Apr 2025Formentera Operations3233703153150$63.54$3.42
Mar 2025Formentera Operations3303643383380$68.24$4.12
Feb 2025Formentera Operations3103713183180$71.53$4.19
Jan 2025Formentera Operations34018434133110$75.74$4.13
Dec 2024Formentera Operations3483673673670$70.12$3.01
Nov 2024Formentera Operations35037033731324$69.95$2.12
Oct 2024Formentera Operations4323713633630$71.99$2.20
Sep 2024Formentera Operations2983703523520$70.24$2.28
Aug 2024Formentera Operations3302864104100$76.68$1.99
Jul 2024Formentera Operations3333634024020$81.80$2.07
Jun 2024Formentera Operations3113643783780$79.77$2.54
May 2024Formentera Operations3221804074070$80.02$2.12
Apr 2024Formentera Operations2193703963960$85.35$1.60
Mar 2024Formentera Operations3293673813810$81.28$1.49
Feb 2024Formentera Operations3975483623620$77.25$1.72
Jan 2024Formentera Operations22002432430$74.15$3.18
Dec 2023Formentera Operations2983673343340$71.90$2.52
Nov 2023Formentera Operations3101883743740$77.69$2.71
Oct 2023Slant Operating,3165613993990$85.64$2.98
Sep 2023Slant Operating,3011843893890$89.43$2.64
Aug 2023Slant Operating,3533643743740$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 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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