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UNIVERSITY LANDS 42

University Lands 42 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Dune field.

2 wells

170bbl oil, last 12 months−26% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Dune
RRC lease
08-41523

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Where it sits

This county

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

Checks stopped on this lease?

  • Sales

    No sales reported for the last 3 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 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 42, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 170 bbl in the 12 months through Jul 2026, against 229 bbl in the 12 months before.Last 12 months: 170 bblbbl per monthmcf per month0020254050607580100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for UNIVERSITY LANDS 42, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 170 bbl in the 12 months through Jul 2026, against 229 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020254050607580100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% 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)
96% of the gas went to flaring in the last 12 monthsShare of UNIVERSITY LANDS 42 gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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
96% of the gas went to flaring in the last 12 monthsShare of UNIVERSITY LANDS 42 gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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)

    96% · 694 mcf

  • Transmission line (2)

    4.1% · 30 mcf

95.9% of the gas flared in the last 12 months. 22 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 42
API numberWell no.Status
42-103-358311HRShut-in
42-103-358622HActive

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 gasBuys100Sep 15, 2016–
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

280 acres on the newest permit

Check your decimal on this lease
Permits for University Lands 42
API numberWell no.Acreson the permit
42-103-358622H280
42-103-358311HR280

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

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36 months, newest first

Ledger for UNIVERSITY LANDS 42
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations00000$80.46$2.89
Jun 2026Formentera Operations00000$84.81$3.15
May 2026Formentera Operations00000$102.13$2.94
Apr 2026Formentera Operations04000$100.32$2.77
Mar 2026Formentera Operations223154252$91.38$3.04
Feb 2026Formentera Operations262458058$64.51$3.62
Jan 2026Formentera Operations251663063$60.04$7.72
Dec 2025Formentera Operations171853053$57.97$4.26
Nov 2025Formentera Operations181957057$60.06$3.79
Oct 2025Formentera Operations171961061$60.89$3.19
Sep 2025Formentera Operations212257057$63.96$2.97
Aug 2025Formentera Operations241963063$64.86$2.91
Jul 2025Formentera Operations212172072$68.39$3.20
Jun 2025Formentera Operations323767067$68.17$3.02
May 2025Formentera Operations131062062$62.17$3.12
Apr 2025Formentera Operations1616572829$63.54$3.42
Mar 2025Formentera Operations192262620$68.24$4.12
Feb 2025Formentera Operations1314594811$71.53$4.19
Jan 2025Formentera Operations202270268$75.74$4.13
Dec 2024Formentera Operations201368167$70.12$3.01
Nov 2024Formentera Operations1213603921$69.95$2.12
Oct 2024Formentera Operations191868761$71.99$2.20
Sep 2024Formentera Operations181652520$70.24$2.28
Aug 2024Formentera Operations263682820$76.68$1.99
Jul 2024Formentera Operations3230806812$81.80$2.07
Jun 2024Formentera Operations302575750$79.77$2.54
May 2024Formentera Operations334193894$80.02$2.12
Apr 2024Formentera Operations251593930$85.35$1.60
Mar 2024Formentera Operations2192920$81.28$1.49
Feb 2024Formentera Operations102895950$77.25$1.72
Jan 2024Formentera Operations3632561739$74.15$3.18
Dec 2023Formentera Operations4344572037$71.90$2.52
Nov 2023Formentera Operations3336604911$77.69$2.71
Oct 2023Slant Operating,444769690$85.64$2.98
Sep 2023Slant Operating,518159590$89.43$2.64
Aug 2023Slant Operating,56432320$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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