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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 (Penn. 7620) field.

Oil lease dossier

1,036bbl oil, last 12 months−36% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Penn. 7620)
RRC lease
08-59185

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
8,671 mcf
Oil in Jul 2026
48 bbl

Production by month

Oil output fell 36% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for UNIVERSITY O 25, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 1,036 bbl in the 12 months through Jul 2026, against 1,607 bbl in the 12 months before.Last 12 months: 1,036 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for UNIVERSITY O 25, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 1,036 bbl in the 12 months through Jul 2026, against 1,607 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 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% · 7,393 mcf

  • Flared (4)

    15% · 1,278 mcf

14.7% of the gas flared in the last 12 months. 7 months above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2023

Operators of this lease over timeSlant Operating, LLC, Mar 2023 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2026202420252026Changed Nov 2023Slant Operating, LLCMar 2023 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeSlant Operating, LLC, Mar 2023 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 2026202420252026Changed Nov 2023Slant Operating, LLCMar 2023 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Eastex Crude Company, LLCOilGathers50Mar 23, 2023
Shell Trading (Us) CompanyOilGathers50Mar 23, 2023
Targa Midstream Services LLCCasinghead gasBuys100Mar 23, 2023
Targa Midstream Services LLCCasinghead gasGathers100Mar 23, 2023

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

Who buys my oilOil price check

480 acres on the newest permit

Check your decimal on this lease
Permits for University O 25
API numberWell no.Acreson the permit
42-103-332815480
42-103-360067480

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 Operations486867564134$80.46$2.89
Jun 2026Formentera Operations60816390639$84.81$3.15
May 2026Formentera Operations7238685313372$102.13$2.94
Apr 2026Formentera Operations6779627399228$100.32$2.77
Mar 2026Formentera Operations80827127075$91.38$3.04
Feb 2026Formentera Operations77996246240$64.51$3.62
Jan 2026Formentera Operations1221016566560$60.04$7.72
Dec 2025Formentera Operations87798958950$57.97$4.26
Nov 2025Formentera Operations961018698690$60.06$3.79
Oct 2025Formentera Operations100887557550$60.89$3.19
Sep 2025Formentera Operations1181366906900$63.96$2.97
Aug 2025Formentera Operations1091248448440$64.86$2.91
Jul 2025Formentera Operations115868298290$68.39$3.20
Jun 2025Formentera Operations1071138738730$68.17$3.02
May 2025Formentera Operations1191241,0171,0170$62.17$3.12
Apr 2025Formentera Operations14516697491460$63.54$3.42
Mar 2025Formentera Operations1601291,0191,0190$68.24$4.12
Feb 2025Formentera Operations1311679579570$71.53$4.19
Jan 2025Formentera Operations1891781,1321,10428$75.74$4.13
Dec 2024Formentera Operations1832071,1511,1510$70.12$3.01
Nov 2024Formentera Operations125621,1201,10911$69.95$2.12
Oct 2024Formentera Operations76741,1611,08279$71.99$2.20
Sep 2024Formentera Operations851161,2551,2550$70.24$2.28
Aug 2024Formentera Operations1721741,4541,4540$76.68$1.99
Jul 2024Formentera Operations1572231,3961,3960$81.80$2.07
Jun 2024Formentera Operations1531131,3291,3290$79.77$2.54
May 2024Formentera Operations2472431,8131,8130$80.02$2.12
Apr 2024Formentera Operations2382311,0951,0950$85.35$1.60
Mar 2024Formentera Operations2122671,1591,1590$81.28$1.49
Feb 2024Formentera Operations2892611,1861,1860$77.25$1.72
Jan 2024Formentera Operations3463511,3281,3280$74.15$3.18
Dec 2023Formentera Operations3643771,3381,3380$71.90$2.52
Nov 2023Formentera Operations3523391,3481,3480$77.69$2.71
Oct 2023Slant Operating,5577511,7671,75215$85.64$2.98
Sep 2023Slant Operating,1,2861,24980375350$89.43$2.64
Aug 2023Slant Operating,1,1831,19279578114$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 (Penn. 7620)CountyCrane County

Formentera Operations LLC in Crane County

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Block 31 (Penn. 7620) field

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New drilling permits in Crane County

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