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Texas oil lease

Producing

BANKER 70-71 H

Banker 70-71 H is an oil lease in Ward County, Texas, operated by Diamondback E&P LLC in the Phantom (Wolfcamp) field.

1 well

24,228bbl oil, last 12 months−19% vs prior year
Operator
Diamondback E&P LLC
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-59290

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
119,118 mcf
Oil in Jul 2026
1,437 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for BANKER 70-71 H, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 24,228 bbl in the 12 months through Jul 2026, against 30,013 bbl in the 12 months before.Last 12 months: 24,228 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for BANKER 70-71 H, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 24,228 bbl in the 12 months through Jul 2026, against 30,013 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 6.8% of the gas in Nov 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of BANKER 70-71 H gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 6.8% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 6.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a transmission line in the last 12 monthsShare of BANKER 70-71 H gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 6.8% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Flared 6.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 118,062 mcf

  • Flared (4)

    0.7% · 845 mcf

  • Lease fuel (1)

    0.2% · 211 mcf

0.7% of the gas flared in the last 12 months. 6 months above 3%.

1 well on this lease

Wells on BANKER 70-71 H
API numberWell no.Status
42-475-384098TOActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Mar 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Indeca Crude Xpress, LLCOilGathers50Jan 1, 2024Mar 1, 2026
Oryx Delaware Oil Transport LLCOilGathers50Jan 1, 2024Mar 1, 2026
Wtg Gas Processing, LLCCasinghead gasGathers100Apr 5, 2023Aug 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Apr 5, 2023Aug 1, 2024
Oryx Delaware Oil Transport LLCOilGathers100Apr 5, 2023Jan 1, 2024

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

Who buys my oilOil price check

1,280 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Banker 70-71 H
API numberWell no.Acreson the permit
42-475-384098TO1,280

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

Unit decimal checker

What Diamondback Energy, Inc. told investors it received

Diamondback E&P LLC is linked to Diamondback Energy, Inc. (FANG).
Realized prices reported by Diamondback Energy, Inc.
QuarterOil$ per bblFiling
Q2 2026$96.82SEC filing
Q1 2026$73.47SEC filing
Q4 2025$58.00SEC filing
Q3 2025$64.60SEC filing
Q2 2025$63.23SEC filing
Q1 2025$70.95SEC filing

SourceDiamondback Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for BANKER 70-71 H
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,4371,43611,98611,9387$80.46$2.89
Jun 20261,2121,2129,4109,193183$84.81$3.15
May 20261,2231,2239,3569,25569$102.13$2.94
Apr 20261,4351,4359,6339,5946$100.32$2.77
Mar 20261,8771,88210,39510,32733$91.38$3.04
Feb 20261,6881,7039,3949,3650$64.51$3.62
Jan 20262,4602,4699,7979,277513$60.04$7.72
Dec 20252,6412,6386,8346,8340$57.97$4.26
Nov 20252,6462,6428,3428,3420$60.06$3.79
Oct 20252,3462,35010,86510,83530$60.89$3.19
Sep 20252,5702,58113,34013,3400$63.96$2.97
Aug 20252,6932,6969,7669,7624$64.86$2.91
Jul 20252,8152,80212,04711,94641$68.39$3.20
Jun 20252,8192,80014,79814,64376$68.17$3.02
May 20252,8852,89615,63815,50556$62.17$3.12
Apr 20252,8822,86214,61514,059481$63.54$3.42
Mar 20252,9022,90315,26115,081109$68.24$4.12
Feb 20251,6441,64514,09113,93689$71.53$4.19
Jan 20251,7151,72215,65115,55530$75.74$4.13
Dec 20241,8531,84516,70516,391250$70.12$3.01
Nov 20241,9221,93317,15616,808286$69.95$2.12
Oct 20242,8292,85722,21421,276868$71.99$2.20
Sep 20243,2173,19923,56423,391118$70.24$2.28
Aug 20242,5302,51717,89217,77576$76.68$1.99
Jul 20241,4991,49720,40220,105241$81.80$2.07
Jun 20244,9915,04525,84225,217487$79.77$2.54
May 20245,3215,34125,52224,927470$80.02$2.12
Apr 20245,6445,61529,22028,934154$85.35$1.60
Mar 20245,4245,44625,36325,040217$81.28$1.49
Feb 20247,6497,63028,50526,4721,922$77.25$1.72
Jan 20248,0928,12141,99541,343492$74.15$3.18
Dec 20238,9468,96143,64842,682821$71.90$2.52
Nov 20238,2418,19131,83829,5572,179$77.69$2.71
Oct 20238,9859,09945,26442,8632,401$85.64$2.98
Sep 202314,34514,39660,70359,768935$89.43$2.64
Aug 202320,13820,01069,39268,487905$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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This lease belongs to

OperatorDiamondback E&P LLCFieldPhantom (Wolfcamp)CountyWard County

Diamondback E&P LLC in Ward County

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