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Texas oil lease

Producing

UNIVERSITY WADDELL DEVONIAN UNIT

University Waddell Devonian Unit is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the University Waddell (Devonian) field.

37 wells

19,480bbl oil, last 12 months−3% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
University Waddell (Devonian)
RRC lease
08-20692

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
48,995 mcf
Oil in Jul 2026
1,433 bbl

Production by month

Oil output fell 3% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for UNIVERSITY WADDELL DEVONIAN UNIT, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 19,480 bbl in the 12 months through Jul 2026, against 20,180 bbl in the 12 months before.Last 12 months: 19,480 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for UNIVERSITY WADDELL DEVONIAN UNIT, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 19,480 bbl in the 12 months through Jul 2026, against 20,180 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

57% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Sep 2023.

  • Transmission line (2)
  • Flared (4)
57% of the gas went to flaring in the last 12 monthsShare of UNIVERSITY WADDELL DEVONIAN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 57% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
57% of the gas went to flaring in the last 12 monthsShare of UNIVERSITY WADDELL DEVONIAN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 57% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Sep 2023.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)

    57% · 27,985 mcf

  • Transmission line (2)

    43% · 21,010 mcf

57.1% of the gas flared in the last 12 months. 33 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.

37 wells on this lease

Wells on UNIVERSITY WADDELL DEVONIAN UNIT
API numberWell no.Status
42-103-03649413Active
42-103-03650309LActive
42-103-03652412WShut-in
42-103-04357506Active
42-103-04358505Shut-in
42-103-05351606WActive
42-103-05379605Active
42-103-05652414Shut-in
42-103-05653415WShut-in
42-103-05654416WShut-in
42-103-05655204LActive
42-103-05660311WActive
42-103-05662313Active
42-103-05663314WActive
42-103-05665316WActive
42-103-10003607Active
42-103-10075507Active
42-103-10256608WShut-in
42-103-33420417AActive
42-103-33758319Active
42-103-33772418Active
42-103-33773419WActive
42-103-33832320Active
42-103-33833321Shut-in
42-103-33933322Shut-in
42-103-33934325Active
42-103-33935323Active
42-103-33937324Active
42-103-34066208Shut-in
42-103-34067326Active
42-103-34068327Active
42-103-34069422Active
42-103-34070312AWShut-in
42-103-34071315AWShut-in
42-103-82449102Active
42-103-82457401UActive
42-103-82459411Active

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, 2020–
Dcp Operating Company, LPCasinghead gasBuys100Jan 1, 2023–
Dcp Operating Company, LPCasinghead gasGathers100Jan 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015Jan 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015Jan 1, 2023
Eastex Crude CompanyOilGathers50Jul 1, 2020Jan 1, 2023
Enterprise Crude Oil LLCOilGathers100May 1, 2010Jul 1, 2020

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

Who buys my oilOil price check

800 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 1,280 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    54 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 Waddell Devonian Unit
API numberWell no.Acreson the permit
42-103-82457401U800
42-103-05379605160
42-103-056524141,280
42-103-05652414W1,280
42-103-05655204L800
42-103-05655204W800
42-103-33420417A800
42-103-340694221,280
42-103-036494131,280
42-103-03649413W1,280
42-103-34070312AW1,280
42-103-34071315AW1,280

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY WADDELL DEVONIAN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1,4331,6383,90403,904$80.46$2.89
Jun 2026Formentera Operations1,5601,5153,7931663,627$84.81$3.15
May 2026Formentera Operations1,6861,5234,1351,9322,203$102.13$2.94
Apr 2026Formentera Operations1,5861,7923,9524093,543$100.32$2.77
Mar 2026Formentera Operations1,5401,4624,0527473,305$91.38$3.04
Feb 2026Formentera Operations1,5661,4903,8942,0011,893$64.51$3.62
Jan 2026Formentera Operations1,7431,7324,1292,5101,619$60.04$7.72
Dec 2025Formentera Operations1,5461,7004,0421,9642,078$57.97$4.26
Nov 2025Formentera Operations1,6251,7204,2193,2111,008$60.06$3.79
Oct 2025Formentera Operations1,8281,5914,2942,4651,829$60.89$3.19
Sep 2025Formentera Operations1,7801,8674,2292,3241,905$63.96$2.97
Aug 2025Formentera Operations1,5871,5734,3523,2811,071$64.86$2.91
Jul 2025Formentera Operations1,6091,5614,2829843,298$68.39$3.20
Jun 2025Formentera Operations1,5041,6803,8772,923954$68.17$3.02
May 2025Formentera Operations1,6381,6634,2301,6282,602$62.17$3.12
Apr 2025Formentera Operations1,6801,6454,3592,8851,474$63.54$3.42
Mar 2025Formentera Operations1,7631,6424,2363,366870$68.24$4.12
Feb 2025Formentera Operations1,5491,4603,3208632,457$71.53$4.19
Jan 2025Formentera Operations1,6291,7653,7942,2971,497$75.74$4.13
Dec 2024Formentera Operations1,7911,7753,901353,866$70.12$3.01
Nov 2024Formentera Operations1,6891,6113,9242,6811,243$69.95$2.12
Oct 2024Formentera Operations1,8291,7814,1284,03791$71.99$2.20
Sep 2024Formentera Operations1,6941,7563,6632,923740$70.24$2.28
Aug 2024Formentera Operations1,8051,9793,9853,374611$76.68$1.99
Jul 2024Formentera Operations1,8191,7553,8912,930961$81.80$2.07
Jun 2024Formentera Operations1,7441,5864,0294,0290$79.77$2.54
May 2024Formentera Operations1,8571,9474,0333,895138$80.02$2.12
Apr 2024Formentera Operations1,8051,8074,0554,0550$85.35$1.60
Mar 2024Formentera Operations1,9561,8194,0213,093928$81.28$1.49
Feb 2024Formentera Operations1,6411,7603,421123,409$77.25$1.72
Jan 2024Formentera Operations1,5541,7133,82833,825$74.15$3.18
Dec 2023Formentera Operations1,8551,7293,83393,824$71.90$2.52
Nov 2023Formentera Operations1,8561,8733,7793853,394$77.69$2.71
Oct 2023Slant Operating,1,7351,8963,941763,865$85.64$2.98
Sep 2023Slant Operating,1,7981,5403,85003,850$89.43$2.64
Aug 2023Slant Operating,1,7091,8634,1522,2761,876$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 LLCFieldUniversity Waddell (Devonian)CountyCrane County

Formentera Operations LLC in Crane County

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University Waddell (Devonian) field

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