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Texas oil lease

Producing

BILLINGS UNIT

Billings Unit is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

5 wells

88,222bbl oil, last 12 months−38% vs prior year
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-55224

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
866,859 mcf
Oil in Jul 2026
6,187 bbl

Production by month

Oil output fell 38% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for BILLINGS UNIT, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 88,222 bbl in the 12 months through Jul 2026, against 143,211 bbl in the 12 months before.Last 12 months: 88,222 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for BILLINGS UNIT, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 88,222 bbl in the 12 months through Jul 2026, against 143,211 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJan 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 3.1% of the gas in Aug 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of BILLINGS UNIT 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 3.1% of the gas in Aug 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a transmission line in the last 12 monthsShare of BILLINGS UNIT 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 3.1% of the gas in Aug 2025.Share of gas by disposition code0%50%100%Flared 3.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 857,636 mcf

  • Lease fuel (1)

    0.7% · 6,336 mcf

  • Flared (4)

    0.3% · 2,887 mcf

0.3% of the gas flared in the last 12 months. One month above 3%.

5 wells on this lease

Wells on BILLINGS UNIT
API numberWell no.Status
42-329-43743819MSActive
42-329-43744808LSActive
42-329-43745807WAActive
42-329-43746808WBActive
42-329-44529807WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers100Aug 1, 2024–
Oneok Midland Midstream, LLCCasinghead gasBuys100Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers100Apr 1, 2026–
Energy Transfer CompanyCasinghead gasGathers50Aug 1, 2024Apr 1, 2026
Enlink Midstream Services, LLCCasinghead gasGathers50Jul 25, 2020Apr 1, 2026
Coronado Midstream LLCCasinghead gasBuys50Jul 25, 2020Apr 1, 2026
Etc Gas Processing, LLCCasinghead gasBuys50Aug 1, 2024Apr 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers50Feb 1, 2023Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys50Feb 1, 2023Aug 1, 2024

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

Who buys my oilOil price check

320 acres on the newest permit

Permits for Billings Unit
API numberWell no.Acreson the permit
42-329-44529807WB320
42-329-43744808LS334.85
42-329-43745807WA334.85
42-329-43746808WB334.85
42-329-43743819MS334.85

SourceRailroad Commission drilling permits, Sep 26, 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 BILLINGS UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,1876,24363,37862,8610$80.46$2.89
Jun 20266,1816,24661,91761,4460$84.81$3.15
May 20265,7735,78757,13756,6870$102.13$2.94
Apr 20266,0926,00562,16961,6980$100.32$2.77
Mar 20267,1737,15474,41273,8550$91.38$3.04
Feb 20267,8317,87475,41674,8900$64.51$3.62
Jan 20266,9747,00876,00375,4400$60.04$7.72
Dec 20257,2987,24979,16278,5670$57.97$4.26
Nov 20258,2028,23469,30468,8260$60.06$3.79
Oct 20259,8729,86287,80487,1930$60.89$3.19
Sep 20256,7056,73066,47766,0240$63.96$2.97
Aug 20259,9349,93593,68090,1492,887$64.86$2.91
Jul 202510,19210,09686,93086,2990$68.39$3.20
Jun 20259,3159,33370,83270,3670$68.17$3.02
May 202510,52410,57891,37590,8080$62.17$3.12
Apr 20259,9979,96575,61875,2030$63.54$3.42
Mar 20259,2039,28972,97172,6220$68.24$4.12
Feb 202511,38011,24281,24780,8720$71.53$4.19
Jan 202513,73213,79698,14797,6970$75.74$4.13
Dec 202413,55713,554108,361107,8670$70.12$3.01
Nov 202413,57613,563111,469110,9730$69.95$2.12
Oct 202413,30313,288104,442103,9940$71.99$2.20
Sep 202413,70213,89286,78786,4010$70.24$2.28
Aug 202414,73014,69679,22778,8550$76.68$1.99
Jul 202414,96514,83468,29767,9760$81.80$2.07
Jun 202410,47010,48255,30455,0270$79.77$2.54
May 202414,13614,10370,59970,1630$80.02$2.12
Apr 202414,43414,54679,46078,9630$85.35$1.60
Mar 202417,46517,43774,91874,3780$81.28$1.49
Feb 202417,70217,62283,23382,6940$77.25$1.72
Jan 202417,65617,74983,77483,2420$74.15$3.18
Dec 202318,46518,58784,46583,9290$71.90$2.52
Nov 202323,75623,612107,429106,7980$77.69$2.71
Oct 202325,34425,392110,719110,1070$85.64$2.98
Sep 202324,59324,557107,081106,4780$89.43$2.64
Aug 202325,75325,745108,696108,0890$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMidland County

Diamondback E&P LLC in Midland County

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Spraberry (Trend Area) field

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