Texas oil lease
ProducingUNIVERSITY LANDS 36
University Lands 36 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.
7 wells
- Operator
- Formentera Operations LLC
- County
- Crane County
- Field
- McElroy
- RRC lease
- 08-42346
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 25,445 mcf
- Oil in Jul 2026
- 559 bbl
Production by month
Oil output fell 4% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Where the gas went
64% of the gas went to a transmission line in the last 12 months
Flaring peaked at 95.2% of the gas in Jun 2026.
- Transmission line (2)
- Flared (4)
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Transmission line (2)
64% · 16,199 mcf
Flared (4)
36% · 9,246 mcf
36.3% of the gas flared in the last 12 months. 20 months above 3%.
Who has run this lease
The operator changed 2 times, most recently in Nov 2023
- Formentera Operations LLC Nov 2023 to now
- Slant Operating, LLC Jul 2021 to Oct 2023
- Apache Corporation Jan 2020 to Jun 2021
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
7 wells on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-103-35943 | 1SW | Shut-in |
| 42-103-36052 | 1H | Active |
| 42-103-36053 | 3H | Active |
| 42-103-36245 | 4H | Active |
| 42-103-36246 | 6H | Shut-in |
| 42-103-36341 | 5H | Active |
| 42-103-36342 | 2H | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From |
|---|---|---|---|---|
| Plains Marketing, L.p. | Oil | Gathers | 100 | Aug 15, 2012 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
560 acres on the newest permit
- Good to know
The wells on this lease state different acreage
The permits state between 240 and 560 acres. Use the acres from your own division order for the well you are paid on.
- Good to know
7 wells are listed on this lease
Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.
- 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.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-103-36341 | 5H | Apr 21, 2014 | Jul 2, 2014 | 560 |
| 42-103-36342 | 2H | Apr 21, 2014 | Jul 3, 2014 | 560 |
| 42-103-36246 | 6H | Sep 13, 2013 | Dec 25, 2013 | 560 |
| 42-103-36245 | 4H | Sep 12, 2013 | Nov 24, 2013 | 560 |
| 42-103-36052 | 1H | Oct 17, 2012 | Dec 3, 2012 | 560 |
| 42-103-36053 | 3H | Oct 17, 2012 | Dec 17, 2012 | 560 |
| 42-103-35943 | 1SW | Jan 4, 2012 | Aug 15, 2012 | 240 |
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Formentera Operations | 559 | 692 | 2,203 | 1,531 | 672 | $80.46 | $2.89 |
| Jun 2026Formentera Operations | 518 | 515 | 1,995 | 95 | 1,900 | $84.81 | $3.15 |
| May 2026Formentera Operations | 501 | 517 | 1,850 | 485 | 1,365 | $102.13 | $2.94 |
| Apr 2026Formentera Operations | 390 | 175 | 1,631 | 1,031 | 600 | $100.32 | $2.77 |
| Mar 2026Formentera Operations | 497 | 696 | 2,056 | 1,436 | 620 | $91.38 | $3.04 |
| Feb 2026Formentera Operations | 470 | 343 | 2,125 | 1,565 | 560 | $64.51 | $3.62 |
| Jan 2026Formentera Operations | 561 | 527 | 1,662 | 1,077 | 585 | $60.04 | $7.72 |
| Dec 2025Formentera Operations | 808 | 872 | 2,379 | 1,759 | 620 | $57.97 | $4.26 |
| Nov 2025Formentera Operations | 618 | 703 | 2,202 | 1,602 | 600 | $60.06 | $3.79 |
| Oct 2025Formentera Operations | 730 | 530 | 2,498 | 1,878 | 620 | $60.89 | $3.19 |
| Sep 2025Formentera Operations | 741 | 889 | 2,472 | 1,872 | 600 | $63.96 | $2.97 |
| Aug 2025Formentera Operations | 618 | 534 | 2,372 | 1,868 | 504 | $64.86 | $2.91 |
| Jul 2025Formentera Operations | 640 | 719 | 2,488 | 1,916 | 572 | $68.39 | $3.20 |
| Jun 2025Formentera Operations | 716 | 715 | 2,480 | 1,880 | 600 | $68.17 | $3.02 |
| May 2025Formentera Operations | 630 | 535 | 2,195 | 1,575 | 620 | $62.17 | $3.12 |
| Apr 2025Formentera Operations | 529 | 540 | 1,697 | 1,507 | 190 | $63.54 | $3.42 |
| Mar 2025Formentera Operations | 436 | 532 | 1,838 | 1,838 | 0 | $68.24 | $4.12 |
| Feb 2025Formentera Operations | 504 | 540 | 1,977 | 1,977 | 0 | $71.53 | $4.19 |
| Jan 2025Formentera Operations | 626 | 678 | 1,996 | 1,745 | 251 | $75.74 | $4.13 |
| Dec 2024Formentera Operations | 604 | 521 | 2,142 | 2,067 | 75 | $70.12 | $3.01 |
| Nov 2024Formentera Operations | 574 | 539 | 1,995 | 1,539 | 456 | $69.95 | $2.12 |
| Oct 2024Formentera Operations | 679 | 702 | 2,147 | 1,607 | 540 | $71.99 | $2.20 |
| Sep 2024Formentera Operations | 721 | 718 | 2,414 | 2,414 | 0 | $70.24 | $2.28 |
| Aug 2024Formentera Operations | 651 | 708 | 2,709 | 2,709 | 0 | $76.68 | $1.99 |
| Jul 2024Formentera Operations | 730 | 697 | 2,670 | 2,660 | 10 | $81.80 | $2.07 |
| Jun 2024Formentera Operations | 628 | 696 | 2,405 | 2,405 | 0 | $79.77 | $2.54 |
| May 2024Formentera Operations | 703 | 529 | 2,506 | 2,506 | 0 | $80.02 | $2.12 |
| Apr 2024Formentera Operations | 677 | 707 | 2,296 | 2,296 | 0 | $85.35 | $1.60 |
| Mar 2024Formentera Operations | 848 | 883 | 2,786 | 2,786 | 0 | $81.28 | $1.49 |
| Feb 2024Formentera Operations | 708 | 885 | 2,566 | 2,566 | 0 | $77.25 | $1.72 |
| Jan 2024Formentera Operations | 755 | 521 | 2,097 | 2,064 | 33 | $74.15 | $3.18 |
| Dec 2023Formentera Operations | 685 | 835 | 2,073 | 2,073 | 0 | $71.90 | $2.52 |
| Nov 2023Formentera Operations | 663 | 826 | 2,069 | 2,069 | 0 | $77.69 | $2.71 |
| Oct 2023Slant Operating, | 506 | 671 | 1,960 | 1,960 | 0 | $85.64 | $2.98 |
| Sep 2023Slant Operating, | 602 | 329 | 2,188 | 2,188 | 0 | $89.43 | $2.64 |
| Aug 2023Slant Operating, | 954 | 650 | 2,196 | 2,184 | 12 | $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.
How to check your stub against this lease Checks stopped on this lease? See the likely reasonsDo your checks match this lease?
Nearby
This lease belongs to
Formentera Operations LLC in Crane County
- SAND HILLS TUBB UNIT
10,293 bbl
- LEA, P.J.
8,206 bbl
- TEXAS -W-
9,060 bbl
- TUBB, J. B. "F"
4,832 bbl
- UNIVERSITY DEVONIAN A 37
7,281 bbl
- J. B. TUBB A/C 1 TR A
3,413 bbl
- TEXAS UNIVERSITY SEC. 1 & 2
6,312 bbl
- TUBB, J. B., -B-
1,430 bbl
- TUBB, J. B., -F-
2,293 bbl
- UNIVERSITY LANDS 25-B
5,066 bbl
McElroy field
- GOODBAR 89
13,058 bbl
- MCELROY CONS. NO. 1
9,414 bbl
- UNIVERSITY LANDS 25-B
5,066 bbl
- COWDEN 10
3,875 bbl
- SNICKERS (A)
4,510 bbl
- SNICKERS B
2,997 bbl
- MAGNOLIA-UNIVERSITY
2,913 bbl
- MCCLINTIC
2,816 bbl
- UNIVERSITY -M-
2,674 bbl
- BAZOOKA 3
2,094 bbl
Leases within 10 km
- UNIVERSITY LANDS A 37
0 bbl · 0 km
- ATLANTIC UNIVERSITY
875 bbl · 0.7 km
- UNIVERSITY -36B-
342 bbl · 0.7 km
- UNIVERSITY LANDS 31
942 bbl · 0.8 km
- UNIVERSITY LANDS 42
170 bbl · 0.9 km
- UNIVKIMRA
7,476 bbl · 1 km
- UNIVERSITY DEVONIAN A 37
2,210 bbl · 1 km
- UNIVERSITY O 25
2,530 bbl · 1.1 km
- UNIVERSITY 38 A
950 bbl · 1.1 km
- UNIVERSITY 35A
342 bbl · 1.2 km
Drilling permits within 10 km
BLOCK 31 UNIT #H 5H
recompletion · OXY USA EOR, LLC · Crane County · 4.6 km
Permit 0918850 · Sep 28, 2026
BLOCK 31 UNIT #K 3K
recompletion · Hilcorp Energy Company · Crane County · 5.5 km
Permit 0918855 · Sep 25, 2026
UL SIDE CAR 22303 G 27-22 #1H
new drill · horizontal · Bta Oil Producers, LLC · Crane County · 6 km
Permit 0917967 · Aug 21, 2026
UL SIDE CAR 22303 H 27-22 #2H
new drill · horizontal · Bta Oil Producers, LLC · Crane County · 6 km
Permit 0917975 · Aug 21, 2026
UL SKI CABIN 22303 J 28-21 #14H
new drill · horizontal · Bta Oil Producers, LLC · Crane County · 5.2 km
Permit 0917594 · Aug 4, 2026