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Texas oil lease

Producing

BLACK LAGOON 2-3 UNIT 2

Black Lagoon 2-3 Unit 2 is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

15 wells

315,515bbl oil, last 12 months−34% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-56844

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
1,161,012 mcf
Oil in Jul 2026
31,679 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 2025.

  • Buyer

    Buyer changed: ENTERPRISE M B MIDSTREAM LLC replaced ENT NAVITAS MDSTRM MDLND BAS LLC as the buyer of this lease's gas from oil wells on Aug 1, 2025.

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 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for BLACK LAGOON 2-3 UNIT 2, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 315,515 bbl in the 12 months through Jul 2026, against 477,186 bbl in the 12 months before.Last 12 months: 315,515 bblbbl per monthmcf per month0020k100k40k200k60k300k80k400kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for BLACK LAGOON 2-3 UNIT 2, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 315,515 bbl in the 12 months through Jul 2026, against 477,186 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k100k40k200k60k300k80k400kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 11.0% of the gas in Sep 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of BLACK LAGOON 2-3 UNIT 2 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 11.0% of the gas in Sep 2025.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineFlared 11.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of BLACK LAGOON 2-3 UNIT 2 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 11.0% of the gas in Sep 2025.Share of gas by disposition code0%50%100%Nov 24: plant to lineFlared 11.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    91% · 1,054,172 mcf

  • Lease fuel (1)

    6.6% · 77,014 mcf

  • Flared (4)

    2.6% · 29,826 mcf

2.6% of the gas flared in the last 12 months. 5 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2022 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 202620222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2022 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2022 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 202620222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2022 to Dec 2024Diamondback E&P LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

15 wells on this lease

Wells on BLACK LAGOON 2-3 UNIT 2
API numberWell no.Status
42-317-43483152Active
42-317-43484251Active
42-317-43485162Active
42-317-43486163Active
42-317-43487165Active
42-317-43488261Active
42-317-43489264Active
42-317-43490172Active
42-317-43491173Active
42-317-43492175Active
42-317-43493271Active
42-317-43494274Active
42-317-43495182Active
42-317-43496183Active
42-317-43497281Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Jan 4, 2022–
Enterprise M B Midstream LLCCasinghead gasBuys100Aug 1, 2025–
Enterprise Products Operating LLCCasinghead gasGathers100Aug 1, 2025–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers100Jun 1, 2023Aug 1, 2025
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys100Jun 1, 2023Aug 1, 2025
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Jan 4, 2022Jun 1, 2023
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Jan 4, 2022Jun 1, 2023

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

Who buys my oilOil price check

651.71 acres on the newest permit

  • Good to know

    15 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.

Check your decimal on this lease
Permits for Black Lagoon 2-3 Unit 2
API numberWell no.Acreson the permit
42-317-43492175651.71
42-317-43483152651.71
42-317-43484251651.71
42-317-43485162651.71
42-317-43486163651.71
42-317-43487165651.71
42-317-43488261651.71
42-317-43489264651.71
42-317-43490172651.71
42-317-43491173651.71
42-317-43493271651.71
42-317-43494274651.71

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 BLACK LAGOON 2-3 UNIT 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P31,67931,67071,43566,551202$80.46$2.89
Jun 2026Diamondback E&P30,78430,76163,62258,817622$84.81$3.15
May 2026Diamondback E&P26,93626,92952,35648,040540$102.13$2.94
Apr 2026Diamondback E&P21,66321,68038,89935,20179$100.32$2.77
Mar 2026Diamondback E&P25,77926,13346,03540,847200$91.38$3.04
Feb 2026Diamondback E&P6,2206,02518,3469,3041,871$64.51$3.62
Jan 2026Diamondback E&P12,15512,18772,28762,538149$60.04$7.72
Dec 2025Diamondback E&P29,37429,589150,804142,244631$57.97$4.26
Nov 2025Diamondback E&P28,33828,314146,037138,358106$60.06$3.79
Oct 2025Diamondback E&P31,11232,594157,454149,466101$60.89$3.19
Sep 2025Diamondback E&P36,75135,217171,299144,78018,852$63.96$2.97
Aug 2025Diamondback E&P34,72434,935172,438158,0266,473$64.86$2.91
Jul 2025Diamondback E&P35,04234,867170,838162,8737$68.39$3.20
Jun 2025Diamondback E&P34,98534,954164,860157,13117$68.17$3.02
May 2025Diamondback E&P38,57138,537168,080160,1522$62.17$3.12
Apr 2025Diamondback E&P38,42238,392162,846147,9617,140$63.54$3.42
Mar 2025Diamondback E&P40,16240,247164,669156,7864$68.24$4.12
Feb 2025Diamondback E&P30,41730,358137,254130,04024$71.53$4.19
Jan 2025Diamondback E&P38,27838,221169,475161,46461$75.74$4.13
Dec 2024Endeavor Energy40,96441,091186,459178,5514$70.12$3.01
Nov 2024Endeavor Energy41,17541,099185,942177,975354$69.95$2.12
Oct 2024Endeavor Energy45,01545,097200,075197,4832,592$71.99$2.20
Sep 2024Endeavor Energy45,37045,315193,167193,051116$70.24$2.28
Aug 2024Endeavor Energy48,78548,915200,650200,55793$76.68$1.99
Jul 2024Endeavor Energy52,48552,343204,864204,81054$81.80$2.07
Jun 2024Endeavor Energy54,73954,737209,163205,9273,236$79.77$2.54
May 2024Endeavor Energy56,79156,950205,147204,763384$80.02$2.12
Apr 2024Endeavor Energy59,54959,440198,040196,0881,952$85.35$1.60
Mar 2024Endeavor Energy49,03248,927185,666184,955711$81.28$1.49
Feb 2024Endeavor Energy40,86840,903154,061153,645416$77.25$1.72
Jan 2024Endeavor Energy52,67052,701210,248199,6266,890$74.15$3.18
Dec 2023Endeavor Energy67,80868,163236,553229,1223,520$71.90$2.52
Nov 2023Endeavor Energy58,60958,358227,572220,9992,765$77.69$2.71
Oct 2023Endeavor Energy71,26071,329243,821235,1714,784$85.64$2.98
Sep 2023Endeavor Energy71,28871,354234,751230,9083$89.43$2.64
Aug 2023Endeavor Energy78,87778,823269,999264,9601,221$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 LLCFieldSpraberry (Trend Area)CountyMartin County

Diamondback E&P LLC in Martin County

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