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Texas oil lease

Producing

UNIVERSITY 25A

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

3 wells

2,319bbl oil, last 12 months−11% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
Block 31 (Devonian)
RRC lease
08-28173

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
18,194 mcf
Oil in Jul 2026
153 bbl

Production by month

Oil output fell 11% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 25A, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 2,319 bbl in the 12 months through Jul 2026, against 2,601 bbl in the 12 months before.Last 12 months: 2,319 bblbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 25A, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 2,319 bbl in the 12 months through Jul 2026, against 2,601 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 25A 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 25A 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% · 15,481 mcf

  • Flared (4)

    15% · 2,713 mcf

14.9% 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.

3 wells on this lease

Wells on UNIVERSITY 25A
API numberWell no.Status
42-103-331541Shut-in
42-103-333082Active
42-103-360644Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers80Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers20Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys100Jan 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers100Jan 1, 2023–
Plains Marketing, L.p.OilGathers100Nov 1, 2011Jan 1, 2023
Apache CorporationCasinghead gasGathers100Dec 1, 2010Jul 1, 2021
Apache CorporationCasinghead gasBuys100Dec 1, 2010Jul 1, 2021

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

Who buys my oilOil price check

320 acres on the newest permit

  • 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 25A
API numberWell no.Acreson the permit
42-103-360644320
42-103-331541320
42-103-333082320

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 25A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations1532131,3991,32475$80.46$2.89
Jun 2026Formentera Operations1932391,40101,401$84.81$3.15
May 2026Formentera Operations2091121,397627770$102.13$2.94
Apr 2026Formentera Operations1701891,294837457$100.32$2.77
Mar 2026Formentera Operations1922181,4741,46410$91.38$3.04
Feb 2026Formentera Operations1641331,2921,2920$64.51$3.62
Jan 2026Formentera Operations1651941,3471,3470$60.04$7.72
Dec 2025Formentera Operations2191801,7661,7660$57.97$4.26
Nov 2025Formentera Operations2232461,7351,7350$60.06$3.79
Oct 2025Formentera Operations2041581,6411,6410$60.89$3.19
Sep 2025Formentera Operations1992471,6541,6540$63.96$2.97
Aug 2025Formentera Operations2282451,7941,7940$64.86$2.91
Jul 2025Formentera Operations2181691,7611,7610$68.39$3.20
Jun 2025Formentera Operations2092161,7151,7150$68.17$3.02
May 2025Formentera Operations2102111,7131,7130$62.17$3.12
Apr 2025Formentera Operations2262571,6721,569103$63.54$3.42
Mar 2025Formentera Operations2592171,7931,7930$68.24$4.12
Feb 2025Formentera Operations2302611,5861,5860$71.53$4.19
Jan 2025Formentera Operations1611211,6921,65141$75.74$4.13
Dec 2024Formentera Operations1432132,0122,0120$70.12$3.01
Nov 2024Formentera Operations2151352,0742,05222$69.95$2.12
Oct 2024Formentera Operations2452451,9761,843133$71.99$2.20
Sep 2024Formentera Operations2532792,2312,2310$70.24$2.28
Aug 2024Formentera Operations2322452,2682,2680$76.68$1.99
Jul 2024Formentera Operations2101882,1772,1770$81.80$2.07
Jun 2024Formentera Operations801089649640$79.77$2.54
May 2024Formentera Operations2532652,2262,2260$80.02$2.12
Apr 2024Formentera Operations3002822,5402,5400$85.35$1.60
Mar 2024Formentera Operations2603103,1643,1640$81.28$1.49
Feb 2024Formentera Operations2732332,7532,7530$77.25$1.72
Jan 2024Formentera Operations2963132,7122,7120$74.15$3.18
Dec 2023Formentera Operations3643772,7892,7890$71.90$2.52
Nov 2023Formentera Operations3543392,6772,6770$77.69$2.71
Oct 2023Slant Operating,4344252,1552,11243$85.64$2.98
Sep 2023Slant Operating,4054102,2752,131144$89.43$2.64
Aug 2023Slant Operating,4535542,6162,57838$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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