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Texas oil lease

Producing

BLACK STONE 1

Black Stone 1 is an oil lease in Pecos County, Texas, operated by Blue Arrow Operating, LLC in the Hoefs T-K (Wolfcamp) field.

2 wells

3,805bbl oil, last 12 months−42% vs prior year
RRC lease
08-48227

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
9,246 mcf
Oil in Jul 2026
205 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Blue Arrow Operating, LLC took over from Diamondback E&P LLC in Mar 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 42% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for BLACK STONE 1, Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 3,805 bbl in the 12 months through Jul 2026, against 6,559 bbl in the 12 months before.Last 12 months: 3,805 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for BLACK STONE 1, Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 3,805 bbl in the 12 months through Jul 2026, against 6,559 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2026 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 8.6% of the gas in Jul 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since May 2026 the lease's gas goes to lease fuel instead of a processing plantShare of BLACK STONE 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 8.6% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%May 2026: plant to fuelFlared 8.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2026 the lease's gas goes to lease fuel instead of a processing plantShare of BLACK STONE 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 8.6% of the gas in Jul 2026.Share of gas by disposition code0%50%100%May 26: plant to fuelFlared 8.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    70% · 6,478 mcf

  • Processing plant (3)

    16% · 1,489 mcf

  • Transmission line (2)

    14% · 1,250 mcf

  • Flared (4)

    0.3% · 29 mcf

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

Who has run this lease

The operator changed once, most recently in Mar 2026

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Feb 2026; Blue Arrow Operating, LLC, Mar 2026 to Jul 20262020202120222023202420252026Changed Mar 2026Diamondback E&P LLCJan 2020 to Feb 2026Blue Arrow Operating, LLCMar 2026 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Feb 2026; Blue Arrow Operating, LLC, Mar 2026 to Jul 20262020202120222023202420252026Changed Mar 2026Diamondback E&P LLCJan 2020 to Feb 2026Blue Arrow Operating, LLCMar 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on BLACK STONE 1
API numberWell no.Status
42-371-38830101Active
42-371-392402HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Mar 11, 2026–
Brazos Midstream Operating, LLCCasinghead gasBuys100Sep 1, 2018–
Brazos Midstream Operating, LLCCasinghead gasGathers100Sep 1, 2018–
Energy Trans Crude Marketing LLCOilGathers100Nov 1, 2025Mar 11, 2026
Diamondback E&P LLCOilGathers25Dec 5, 2022Nov 1, 2025
Eastex Crude Company, LLCOilGathers10Jan 1, 2023Nov 1, 2025
Explore Logistics LLCOilGathers15Jan 1, 2023Nov 1, 2025
Shell Trading (Us) CompanyOilGathers50Dec 5, 2022Nov 1, 2025
Explore Logistics LLCOilGathers25Dec 5, 2022Jan 1, 2023

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

645.09 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 630.5 and 645.09 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Black Stone 1
API numberWell no.Acreson the permit
42-371-38830101645.09
42-371-389811630.50
42-371-392402H643.85

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

Estimate your royalty

36 months, newest first

Ledger for BLACK STONE 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Blue Arrow2050339029$80.46$2.89
Jun 2026Blue Arrow14834830000$84.81$3.15
May 2026Blue Arrow29618262000$102.13$2.94
Apr 2026Blue Arrow3043692,0891,4890$100.32$2.77
Mar 2026Blue Arrow29918662000$91.38$3.04
Feb 2026Diamondback E&P4253751,7001,2500$64.51$3.62
Jan 2026Diamondback E&P34636951800$60.04$7.72
Dec 2025Diamondback E&P38735262000$57.97$4.26
Nov 2025Diamondback E&P39336760000$60.06$3.79
Oct 2025Diamondback E&P36637862000$60.89$3.19
Sep 2025Diamondback E&P28154460000$63.96$2.97
Aug 2025Diamondback E&P35555362000$64.86$2.91
Jul 2025Diamondback E&P49336462000$68.39$3.20
Jun 2025Diamondback E&P31537460000$68.17$3.02
May 2025Diamondback E&P5873691,9821,3620$62.17$3.12
Apr 2025Diamondback E&P5647481,4358350$63.54$3.42
Mar 2025Diamondback E&P6145701,1775570$68.24$4.12
Feb 2025Diamondback E&P631357622620$71.53$4.19
Jan 2025Diamondback E&P5735724,0583,6680$75.74$4.13
Dec 2024Diamondback E&P4815451,7531,1330$70.12$3.01
Nov 2024Diamondback E&P4465668442540$69.95$2.12
Oct 2024Diamondback E&P6197611,3397290$71.99$2.20
Sep 2024Diamondback E&P6543661,1145140$70.24$2.28
Aug 2024Diamondback E&P5827271,2145940$76.68$1.99
Jul 2024Diamondback E&P5375631,3277070$81.80$2.07
Jun 2024Diamondback E&P5473839243510$79.77$2.54
May 2024Diamondback E&P64154862000$80.02$2.12
Apr 2024Diamondback E&P6437651,1275270$85.35$1.60
Mar 2024Diamondback E&P8017359983780$81.28$1.49
Feb 2024Diamondback E&P45238658000$77.25$1.72
Jan 2024Diamondback E&P39858862000$74.15$3.18
Dec 2023Diamondback E&P57239162000$71.90$2.52
Nov 2023Diamondback E&P44837860000$77.69$2.71
Oct 2023Diamondback E&P54156462000$85.64$2.98
Sep 2023Diamondback E&P73375660000$89.43$2.64
Aug 2023Diamondback E&P45873953300$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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