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Texas oil lease

Producing

UNIVERSITY LANDS 19

University Lands 19 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Dune field.

2 wells

3,579bbl oil, last 12 months+67% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Dune
RRC lease
08-42364

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
3,997 mcf
Oil in Jul 2026
258 bbl

Production by month

Oil output rose 67% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 67% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 19, Aug 2023 to Jul 2026. Oil output rose 67% over the last 12 months. 3,579 bbl in the 12 months through Jul 2026, against 2,145 bbl in the 12 months before.Last 12 months: 3,579 bblbbl per monthmcf per month002001004002006003008004001,000500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 67% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 19, Aug 2023 to Jul 2026. Oil output rose 67% over the last 12 months. 3,579 bbl in the 12 months through Jul 2026, against 2,145 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001004002006003008004001,000500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in May 2025.

  • Transmission line (2)
  • Flared (4)
Over 99% of the gas went to flaring in the last 12 monthsShare of UNIVERSITY LANDS 19 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to flaring in the last 12 monthsShare of UNIVERSITY LANDS 19 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in May 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    100% · 3,982 mcf

  • Transmission line (2)

    0.4% · 15 mcf

99.6% of the gas flared in the last 12 months. 27 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 LANDS 19
API numberWell no.Status
42-103-358551HActive
42-103-359822HActive

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) CompanyOilGathers50Sep 15, 2016–
Targa Midstream Services LLCCasinghead gasBuys100Oct 1, 2011–
Targa Midstream Services LLCCasinghead gasGathers100Oct 1, 2011–
Eastex Crude CompanyOilGathers50Sep 15, 2016Jan 1, 2023

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

Who buys my oilOil price check

320 acres on the newest permit

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Permits for University Lands 19
API numberWell no.Acreson the permit
42-103-359822H320
42-103-359822HW320
42-103-358551H320

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY LANDS 19
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations2582014020402$80.46$2.89
Jun 2026Formentera Operations1461733890389$84.81$3.15
May 2026Formentera Operations2141974020402$102.13$2.94
Apr 2026Formentera Operations911443890389$100.32$2.77
Mar 2026Formentera Operations1091839315378$91.38$3.04
Feb 2026Formentera Operations601200120$64.51$3.62
Jan 2026Formentera Operations7921738038$60.04$7.72
Dec 2025Formentera Operations7767743950395$57.97$4.26
Nov 2025Formentera Operations5035384060406$60.06$3.79
Oct 2025Formentera Operations5926134250425$60.89$3.19
Sep 2025Formentera Operations5574583220322$63.96$2.97
Aug 2025Formentera Operations2481843160316$64.86$2.91
Jul 2025Formentera Operations3113353600360$68.39$3.20
Jun 2025Formentera Operations3994093340334$68.17$3.02
May 2025Formentera Operations1421193090309$62.17$3.12
Apr 2025Formentera Operations10795284139145$63.54$3.42
Mar 2025Formentera Operations1641773083080$68.24$4.12
Feb 2025Formentera Operations766129323954$71.53$4.19
Jan 2025Formentera Operations831053498341$75.74$4.13
Dec 2024Formentera Operations104913404336$70.12$3.01
Nov 2024Formentera Operations138138299196103$69.95$2.12
Oct 2024Formentera Operations20821033733304$71.99$2.20
Sep 2024Formentera Operations1661532582580$70.24$2.28
Aug 2024Formentera Operations2472974094090$76.68$1.99
Jul 2024Formentera Operations23822839633858$81.80$2.07
Jun 2024Formentera Operations1921503753750$79.77$2.54
May 2024Formentera Operations29335946644521$80.02$2.12
Apr 2024Formentera Operations1932064654650$85.35$1.60
Mar 2024Formentera Operations1681504614610$81.28$1.49
Feb 2024Formentera Operations1821784774770$77.25$1.72
Jan 2024Formentera Operations15513327784193$74.15$3.18
Dec 2023Formentera Operations16517328398185$71.90$2.52
Nov 2023Formentera Operations14917429924653$77.69$2.71
Oct 2023Slant Operating,2242423453450$85.64$2.98
Sep 2023Slant Operating,2452352962960$89.43$2.64
Aug 2023Slant Operating,26930642641313$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 LLCFieldDuneCountyCrane County

Formentera Operations LLC in Crane County

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Dune field

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