Skip to content
Royalty Clerk

Texas oil lease

Producing

UNIVERSITY DEVONIAN 48

University Devonian 48 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Penn. 7620) field.

1 well

1,030bbl oil, last 12 months−23% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Penn. 7620)
RRC lease
08-44959

Is your check right?

Check my statement

Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
6,150 mcf
Oil in Jul 2026
86 bbl

Production by month

Oil output fell 23% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for UNIVERSITY DEVONIAN 48, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 1,030 bbl in the 12 months through Jul 2026, against 1,343 bbl in the 12 months before.Last 12 months: 1,030 bblbbl per monthmcf per month001002502005003007504001,0005001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for UNIVERSITY DEVONIAN 48, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 1,030 bbl in the 12 months through Jul 2026, against 1,343 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,0005001,250Jan 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 DEVONIAN 48 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 DEVONIAN 48 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% · 4,397 mcf

  • Flared (4)

    29% · 1,753 mcf

28.5% 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.

1 well on this lease

Wells on UNIVERSITY DEVONIAN 48
API numberWell no.Status
42-103-361342Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers80Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers20Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys100Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers100Jun 25, 2013–
Targa Midstream Services LLCCasinghead gasBuys100Jun 25, 2013Jan 1, 2023
Plains Marketing, L.p.OilGathers100Jun 25, 2013Jan 1, 2023

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

Who buys my oilOil price check

640 acres on the newest permit

Permits for University Devonian 48
API numberWell no.Acreson the permit
42-103-361342640

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY DEVONIAN 48
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations866955047377$80.46$2.89
Jun 2026Formentera Operations8210351390423$84.81$3.15
May 2026Formentera Operations9371489142347$102.13$2.94
Apr 2026Formentera Operations78109506389117$100.32$2.77
Mar 2026Formentera Operations87725995945$91.38$3.04
Feb 2026Formentera Operations655652050317$64.51$3.62
Jan 2026Formentera Operations70785375307$60.04$7.72
Dec 2025Formentera Operations108112464269195$57.97$4.26
Nov 2025Formentera Operations120123438278160$60.06$3.79
Oct 2025Formentera Operations7859430128302$60.89$3.19
Sep 2025Formentera Operations708145537283$63.96$2.97
Aug 2025Formentera Operations938864962920$64.86$2.91
Jul 2025Formentera Operations80786416356$68.39$3.20
Jun 2025Formentera Operations86975915847$68.17$3.02
May 2025Formentera Operations878158851276$62.17$3.12
Apr 2025Formentera Operations7063663461202$63.54$3.42
Mar 2025Formentera Operations45586906900$68.24$4.12
Feb 2025Formentera Operations90766506500$71.53$4.19
Jan 2025Formentera Operations9210375173615$75.74$4.13
Dec 2024Formentera Operations123117705439266$70.12$3.01
Nov 2024Formentera Operations11110971670412$69.95$2.12
Oct 2024Formentera Operations12012459756532$71.99$2.20
Sep 2024Formentera Operations1842206586553$70.24$2.28
Aug 2024Formentera Operations2552659109100$76.68$1.99
Jul 2024Formentera Operations2161968858850$81.80$2.07
Jun 2024Formentera Operations1521426396390$79.77$2.54
May 2024Formentera Operations1461337457450$80.02$2.12
Apr 2024Formentera Operations1251287457450$85.35$1.60
Mar 2024Formentera Operations1161127377370$81.28$1.49
Feb 2024Formentera Operations1391496176170$77.25$1.72
Jan 2024Formentera Operations1401347157150$74.15$3.18
Dec 2023Formentera Operations1311177677670$71.90$2.52
Nov 2023Formentera Operations1201306976970$77.69$2.71
Oct 2023Slant Operating,1131156946940$85.64$2.98
Sep 2023Slant Operating,1261369779698$89.43$2.64
Aug 2023Slant Operating,1852001,2301,20624$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.

How to check your stub against this lease

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldBlock 31 (Penn. 7620)CountyCrane County

Formentera Operations LLC in Crane County

All Formentera Operations LLC leases →

Block 31 (Penn. 7620) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km