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Texas oil lease

Producing

UNIVERSITY O 25

University O 25 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the Block 31 (Devonian) field.

7 wells

2,530bbl oil, last 12 months−9% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Devonian)
RRC lease
08-27630

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
24,770 mcf
Oil in Jul 2026
193 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 O 25, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 2,530 bbl in the 12 months through Jul 2026, against 2,791 bbl in the 12 months before.Last 12 months: 2,530 bblbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for UNIVERSITY O 25, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 2,530 bbl in the 12 months through Jul 2026, against 2,791 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

85% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Jun 2026.

  • Transmission line (2)
  • Flared (4)
85% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY O 25 gas by disposition code each month, Aug 2023 to Jul 2026. 85% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
85% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY O 25 gas by disposition code each month, Aug 2023 to Jul 2026. 85% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    85% · 21,139 mcf

  • Flared (4)

    15% · 3,631 mcf

14.7% of the gas flared in the last 12 months. 7 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.

7 wells on this lease

Wells on UNIVERSITY O 25
API numberWell no.Status
42-103-328762Shut-in
42-103-330173Shut-in
42-103-331664Active
42-103-332815Shut-in
42-103-333596Active
42-103-360067Active
42-103-360858Active

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) CompanyOilGathers50Jul 1, 2021–
Targa Midstream Services LLCCasinghead gasBuys100Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers100Jan 1, 2023–
Apache CorporationCasinghead gasGathers100Dec 1, 2010Jan 1, 2023
Apache CorporationCasinghead gasBuys100Dec 1, 2010Jan 1, 2023
Eastex Crude CompanyOilGathers50Jul 1, 2021Jan 1, 2023
Eastex Crude CompanyOilGathers100Jul 1, 2020Jul 1, 2021
Plains Marketing, L.p.OilGathers100Nov 1, 2011Jul 1, 2020

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

Who buys my oilOil price check

480 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 480 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    8 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.

Check your decimal on this lease
Permits for University O 25
API numberWell no.Acreson the permit
42-103-332815480
42-103-360067480
42-103-331664320
42-103-331669320
42-103-360858240
42-103-330173480
42-103-333596320
42-103-328762160

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY O 25
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1932392,0391,94198$80.46$2.89
Jun 2026Formentera Operations1802101,83601,836$84.81$3.15
May 2026Formentera Operations1971201,8978861,011$102.13$2.94
Apr 2026Formentera Operations2162731,8541,182672$100.32$2.77
Mar 2026Formentera Operations2782772,0152,00114$91.38$3.04
Feb 2026Formentera Operations2041921,6941,6940$64.51$3.62
Jan 2026Formentera Operations2522681,8591,8590$60.04$7.72
Dec 2025Formentera Operations2381792,5062,5060$57.97$4.26
Nov 2025Formentera Operations2062202,4272,4270$60.06$3.79
Oct 2025Formentera Operations1971612,2052,2050$60.89$3.19
Sep 2025Formentera Operations1832132,1692,1690$63.96$2.97
Aug 2025Formentera Operations1862142,2692,2690$64.86$2.91
Jul 2025Formentera Operations2061622,2272,2270$68.39$3.20
Jun 2025Formentera Operations2022042,2212,2210$68.17$3.02
May 2025Formentera Operations2082142,2982,2980$62.17$3.12
Apr 2025Formentera Operations2182402,1522,020132$63.54$3.42
Mar 2025Formentera Operations2321992,2152,2150$68.24$4.12
Feb 2025Formentera Operations2112331,9591,9590$71.53$4.19
Jan 2025Formentera Operations2042042,1892,13554$75.74$4.13
Dec 2024Formentera Operations2513242,1772,1770$70.12$3.01
Nov 2024Formentera Operations2591492,0542,03420$69.95$2.12
Oct 2024Formentera Operations2692642,2992,134165$71.99$2.20
Sep 2024Formentera Operations2813262,5092,5090$70.24$2.28
Aug 2024Formentera Operations2502202,4272,4270$76.68$1.99
Jul 2024Formentera Operations1231641,9691,9690$81.80$2.07
Jun 2024Formentera Operations1381502,1092,1090$79.77$2.54
May 2024Formentera Operations3303152,7702,7700$80.02$2.12
Apr 2024Formentera Operations2752661,7871,7870$85.35$1.60
Mar 2024Formentera Operations2472801,5191,5190$81.28$1.49
Feb 2024Formentera Operations2562331,8371,8370$77.25$1.72
Jan 2024Formentera Operations3143232,2792,2790$74.15$3.18
Dec 2023Formentera Operations3453572,1562,1560$71.90$2.52
Nov 2023Formentera Operations3323202,0702,0700$77.69$2.71
Oct 2023Slant Operating,4244111,7461,70739$85.64$2.98
Sep 2023Slant Operating,3253212,1832,042141$89.43$2.64
Aug 2023Slant Operating,2983311,9331,90726$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 LLCFieldBlock 31 (Devonian)CountyCrane County

Formentera Operations LLC in Crane County

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Block 31 (Devonian) field

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