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Texas oil lease

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UNIVERSITY LANDS 30

University Lands 30 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Dune field.

2 wells

115bbl oil, last 12 months−94% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Dune
RRC lease
08-41966

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
1,512 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 10 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 94% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 94% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 30, Aug 2023 to Jul 2026. Oil output fell 94% over the last 12 months. 115 bbl in the 12 months through Jul 2026, against 2,062 bbl in the 12 months before.Last 12 months: 115 bblbbl per monthmcf per month00100100200200300300400400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 94% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 30, Aug 2023 to Jul 2026. Oil output fell 94% over the last 12 months. 115 bbl in the 12 months through Jul 2026, against 2,062 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400Jan 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 30 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 30 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% · 1,508 mcf

  • Transmission line (2)

    0.3% · 4 mcf

99.7% of the gas flared in the last 12 months. 26 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 30
API numberWell no.Status
42-103-358541HShut-in
42-103-358732HShut-in

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 30
API numberWell no.Acreson the permit
42-103-358732H320
42-103-358541H320

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

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36 months, newest first

Ledger for UNIVERSITY LANDS 30
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations001070107$80.46$2.89
Jun 2026Formentera Operations001040104$84.81$3.15
May 2026Formentera Operations001070107$102.13$2.94
Apr 2026Formentera Operations001040104$100.32$2.77
Mar 2026Formentera Operations001084104$91.38$3.04
Feb 2026Formentera Operations001160116$64.51$3.62
Jan 2026Formentera Operations001260126$60.04$7.72
Dec 2025Formentera Operations001050105$57.97$4.26
Nov 2025Formentera Operations001150115$60.06$3.79
Oct 2025Formentera Operations001220122$60.89$3.19
Sep 2025Formentera Operations26502330233$63.96$2.97
Aug 2025Formentera Operations89651650165$64.86$2.91
Jul 2025Formentera Operations00000$68.39$3.20
Jun 2025Formentera Operations5212063063$68.17$3.02
May 2025Formentera Operations1471192200220$62.17$3.12
Apr 2025Formentera Operations14715419997102$63.54$3.42
Mar 2025Formentera Operations3203622162160$68.24$4.12
Feb 2025Formentera Operations16613320616838$71.53$4.19
Jan 2025Formentera Operations1702092456239$75.74$4.13
Dec 2024Formentera Operations2081782383235$70.12$3.01
Nov 2024Formentera Operations25122918311865$69.95$2.12
Oct 2024Formentera Operations19418420220182$71.99$2.20
Sep 2024Formentera Operations1601511551550$70.24$2.28
Aug 2024Formentera Operations2472972462460$76.68$1.99
Jul 2024Formentera Operations23822323820335$81.80$2.07
Jun 2024Formentera Operations1751352252250$79.77$2.54
May 2024Formentera Operations26331828026713$80.02$2.12
Apr 2024Formentera Operations1601712792790$85.35$1.60
Mar 2024Formentera Operations1461372772770$81.28$1.49
Feb 2024Formentera Operations1661632862860$77.25$1.72
Jan 2024Formentera Operations14111916650116$74.15$3.18
Dec 2023Formentera Operations14915617059111$71.90$2.52
Nov 2023Formentera Operations13315618014832$77.69$2.71
Oct 2023Slant Operating,2012172072070$85.64$2.98
Sep 2023Slant Operating,2212121771770$89.43$2.64
Aug 2023Slant Operating,2422752562488$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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