Skip to content
Royalty Clerk

Texas oil lease

Producing

UNIVERSITY -M-

University -M- is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.

13 wells

2,674bbl oil, last 12 months−3% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
McElroy
RRC lease
08-20693

Is your check right?

Check my statement

Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
28 mcf
Oil in Jul 2026
229 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 -M-, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 2,674 bbl in the 12 months through Jul 2026, against 2,765 bbl in the 12 months before.Last 12 months: 2,674 bblbbl per monthmcf per month0010010200203003040040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -M-, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 2,674 bbl in the 12 months through Jul 2026, against 2,765 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010010200203003040040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Dec 2024.

  • Transmission line (2)
  • Flared (4)
94% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY -M- gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Dec 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY -M- gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Dec 2024.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)

    94% · 95 mcf

  • Flared (4)

    5.9% · 6 mcf

5.9% of the gas flared in the last 12 months. 2 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.

13 wells on this lease

Wells on UNIVERSITY -M-
API numberWell no.Status
42-103-1109110WShut-in
42-103-1109411WActive
42-103-1110413WActive
42-103-1110712WShut-in
42-103-1110814WActive
42-103-1111215WShut-in
42-103-3149316Shut-in
42-103-3177817Shut-in
42-103-3177918Shut-in
42-103-3178019Shut-in
42-103-3179921Shut-in
42-103-3180020Shut-in
42-103-360371HActive

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, 2019–
Targa Midstream Services LLCCasinghead gasGathers100Jan 1, 2019–
Eastex Crude CompanyOilGathers50Jul 1, 2021Jan 1, 2023
Enlink Crude Purchasing LLCOilGathers100Jan 1, 2019Jul 1, 2021
Lpc Crude Oil Marketing LLCOilGathers100Jan 1, 2018Jan 1, 2019

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

Who buys my oilOil price check

120 acres on the newest permit

  • Good to know

    19 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 -M-
API numberWell no.Acreson the permit
42-103-360371H120
42-103-3179921120
42-103-3180020120
42-103-3177817120
42-103-3177918120
42-103-3178019120
42-103-1109110–
42-103-1109110W–
42-103-1109411–
42-103-1109411W–
42-103-1110413–
42-103-1110413W–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -M-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations229169000$80.46$2.89
Jun 2026Formentera Operations213340000$84.81$3.15
May 2026Formentera Operations228170000$102.13$2.94
Apr 2026Formentera Operations208169990$100.32$2.77
Mar 2026Formentera Operations242339440$91.38$3.04
Feb 2026Formentera Operations224171550$64.51$3.62
Jan 2026Formentera Operations21818210100$60.04$7.72
Dec 2025Formentera Operations228364000$57.97$4.26
Nov 2025Formentera Operations233172000$60.06$3.79
Oct 2025Formentera Operations235337000$60.89$3.19
Sep 2025Formentera Operations1710000$63.96$2.97
Aug 2025Formentera Operations245344000$64.86$2.91
Jul 2025Formentera Operations213158000$68.39$3.20
Jun 2025Formentera Operations235346000$68.17$3.02
May 2025Formentera Operations219163000$62.17$3.12
Apr 2025Formentera Operations211162330$63.54$3.42
Mar 2025Formentera Operations240182990$68.24$4.12
Feb 2025Formentera Operations212350330$71.53$4.19
Jan 2025Formentera Operations26818218171$75.74$4.13
Dec 2024Formentera Operations293368505$70.12$3.01
Nov 2024Formentera Operations22417911110$69.95$2.12
Oct 2024Formentera Operations23518015150$71.99$2.20
Sep 2024Formentera Operations217173990$70.24$2.28
Aug 2024Formentera Operations198165550$76.68$1.99
Jul 2024Formentera Operations00000$81.80$2.07
Jun 2024Formentera Operations17018113130$79.77$2.54
May 2024Formentera Operations27837523230$80.02$2.12
Apr 2024Formentera Operations26718921210$85.35$1.60
Mar 2024Formentera Operations222366330$81.28$1.49
Feb 2024Formentera Operations25118212120$77.25$1.72
Jan 2024Formentera Operations30935316160$74.15$3.18
Dec 2023Formentera Operations167184770$71.90$2.52
Nov 2023Formentera Operations25618416160$77.69$2.71
Oct 2023Slant Operating,27818424240$85.64$2.98
Sep 2023Slant Operating,28753327270$89.43$2.64
Aug 2023Slant Operating,28017824240$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.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldMcElroyCountyCrane County

Formentera Operations LLC in Crane County

All Formentera Operations LLC leases →

McElroy field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km