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Texas oil lease

Producing

UNIVERSITY LANDS 25

University Lands 25 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.

1 well

1,004bbl oil, last 12 months−9% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
McElroy
RRC lease
08-46004

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
2,964 mcf
Oil in Jul 2026
92 bbl

Production by month

Oil output fell 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 25, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 1,004 bbl in the 12 months through Jul 2026, against 1,105 bbl in the 12 months before.Last 12 months: 1,004 bblbbl per monthmcf per month0050100100200150300200400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 25, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 1,004 bbl in the 12 months through Jul 2026, against 1,105 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050100100200150300200400Jan 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 25 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 25 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% · 2,955 mcf

  • Transmission line (2)

    0.3% · 9 mcf

99.7% 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.

1 well on this lease

Wells on UNIVERSITY LANDS 25
API numberWell no.Status
42-103-363735HActive

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 gasBuys100Aug 13, 2014–
Targa Midstream Services LLCCasinghead gasGathers100Aug 13, 2014–
Eastex Crude CompanyOilGathers50Sep 15, 2016Jan 1, 2023

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

Who buys my oilOil price check

160 acres on the newest permit

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for University Lands 25
API numberWell no.Acreson the permit
42-103-363735H160

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 25
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations92832410241$80.46$2.89
Jun 2026Formentera Operations64732340234$84.81$3.15
May 2026Formentera Operations85792410241$102.13$2.94
Apr 2026Formentera Operations37582340234$100.32$2.77
Mar 2026Formentera Operations71792449235$91.38$3.04
Feb 2026Formentera Operations77822610261$64.51$3.62
Jan 2026Formentera Operations1531162840284$60.04$7.72
Dec 2025Formentera Operations86862370237$57.97$4.26
Nov 2025Formentera Operations89972380238$60.06$3.79
Oct 2025Formentera Operations78802430243$60.89$3.19
Sep 2025Formentera Operations1031002290229$63.96$2.97
Aug 2025Formentera Operations69562780278$64.86$2.91
Jul 2025Formentera Operations80842910291$68.39$3.20
Jun 2025Formentera Operations1301542670267$68.17$3.02
May 2025Formentera Operations82682480248$62.17$3.12
Apr 2025Formentera Operations6358227111116$63.54$3.42
Mar 2025Formentera Operations1201332472470$68.24$4.12
Feb 2025Formentera Operations574623519243$71.53$4.19
Jan 2025Formentera Operations62782796273$75.74$4.13
Dec 2024Formentera Operations78652713268$70.12$3.01
Nov 2024Formentera Operations858124015783$69.95$2.12
Oct 2024Formentera Operations10510527027243$71.99$2.20
Sep 2024Formentera Operations95902072070$70.24$2.28
Aug 2024Formentera Operations1481783283280$76.68$1.99
Jul 2024Formentera Operations14313731627046$81.80$2.07
Jun 2024Formentera Operations115903003000$79.77$2.54
May 2024Formentera Operations17621237335617$80.02$2.12
Apr 2024Formentera Operations1071153723720$85.35$1.60
Mar 2024Formentera Operations100963693690$81.28$1.49
Feb 2024Formentera Operations1161153823820$77.25$1.72
Jan 2024Formentera Operations988022167154$74.15$3.18
Dec 2023Formentera Operations9910422678148$71.90$2.52
Nov 2023Formentera Operations8910423919742$77.69$2.71
Oct 2023Slant Operating,1341452762760$85.64$2.98
Sep 2023Slant Operating,1471412362360$89.43$2.64
Aug 2023Slant Operating,16118334133011$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 LLCFieldMcElroyCountyCrane County

Formentera Operations LLC in Crane County

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McElroy field

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