Texas oil lease

Producing

FASKEN FOUNDATION '16-21'

Name: FASKEN FOUNDATION '16-21' monthly oil and gas production, Midland County, Texas
Creator: Texas Railroad Commission

Fasken Foundation '16-21' is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

6 wells

11,907bbl oil, last 12 months−45% vs prior year

Operator: Diamondback E&P LLC
County: Midland County
Field: Spraberry (Trend Area)
RRC lease: 08-43676

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Where it sits

This county

Midland County

Gas, last 12 months: 32,738 mcf
Oil in Jul 2026: 1,071 bbl

Checks stopped on this lease?

Operator
Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 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 45% over the last 12 months

Oil (bars)
Gas (line)
Last 12 months

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 13.7% of the gas in Aug 2024.

Processing plant (3)
Transmission line (2)
Flared (4)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Transmission line (2)
100% · 32,608 mcf
Flared (4)
0.4% · 130 mcf

0.4% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2025

Diamondback E&P LLC Jan 2025 to now
Endeavor Energy Resources L.P. Jan 2020 to Dec 2024

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on FASKEN FOUNDATION '16-21'
API number	Well no.	Status
42-329-38450	1	Active
42-329-38701	2	Active
42-329-38908	3	Shut-in
42-329-39116	4	Active
42-329-39425	5	Active
42-329-39851	6	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Enterprise Crude Oil LLC	Oil	Gathers	100	Sep 1, 2026	–
Targa Pl Mid-Cont Westtex LLC	Casinghead gas	Buys	100	Nov 1, 2015	–
Targa Pl Mid-Cont Westtex LLC	Casinghead gas	Gathers	100	Oct 1, 2015	–
Midcon Gathering LLC	Oil	Gathers	100	Aug 1, 2025	Sep 1, 2026
Oasis Transp & Marketing Corp.	Oil	Gathers	100	Mar 1, 2013	Aug 1, 2025

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

Who buys my oil Oil price check

493.30 acres on the newest permit

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 Fasken Foundation '16-21'
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-329-39851	6	Nov 14, 2014	Feb 4, 2015	493.30	Vertical
42-329-39425	5	Jun 10, 2014	Sep 12, 2014	493.30	Vertical
42-329-39116	4	Jan 23, 2014	Apr 23, 2014	493.30	Vertical
42-329-38908	3	Sep 20, 2013	Jan 5, 2014	493.30	Vertical
42-329-38701	2	May 10, 2013	Aug 3, 2013	493.30	Vertical
42-329-38450	1	Dec 19, 2012	Feb 28, 2013	493.30	Vertical

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.
Quarter	Oil$ per bbl	Gas$ per mcf	Gas liquids$ per bbl	Filing
Q2 2026	$96.82	−$2.15	$18.56	SEC filing
Q1 2026	$73.47	$0.18	$16.68	SEC filing
Q4 2025	$58.00	$0.03	$13.51	SEC filing
Q3 2025	$64.60	$0.75	$17.28	SEC filing
Q2 2025	$63.23	$0.88	$18.13	SEC filing
Q1 2025	$70.95	$2.11	$23.94	SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for FASKEN FOUNDATION '16-21'
Month	Operator	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026Diamondback E&P	Diamondback E&P LLC	1,071	1,278	2,426	2,426	0	$80.46	$2.89
Jun 2026Diamondback E&P	Diamondback E&P LLC	423	565	974	974	0	$84.81	$3.15
May 2026Diamondback E&P	Diamondback E&P LLC	361	189	830	830	0	$102.13	$2.94
Apr 2026Diamondback E&P	Diamondback E&P LLC	371	377	695	695	0	$100.32	$2.77
Mar 2026Diamondback E&P	Diamondback E&P LLC	551	550	1,522	1,522	0	$91.38	$3.04
Feb 2026Diamondback E&P	Diamondback E&P LLC	943	930	2,691	2,691	0	$64.51	$3.62
Jan 2026Diamondback E&P	Diamondback E&P LLC	1,412	1,641	3,823	3,823	0	$60.04	$7.72
Dec 2025Diamondback E&P	Diamondback E&P LLC	1,290	1,116	3,500	3,500	0	$57.97	$4.26
Nov 2025Diamondback E&P	Diamondback E&P LLC	1,293	1,110	3,456	3,453	3	$60.06	$3.79
Oct 2025Diamondback E&P	Diamondback E&P LLC	1,383	1,495	4,000	3,938	62	$60.89	$3.19
Sep 2025Diamondback E&P	Diamondback E&P LLC	1,277	1,212	4,200	4,177	23	$63.96	$2.97
Aug 2025Diamondback E&P	Diamondback E&P LLC	1,532	1,651	4,621	4,579	42	$64.86	$2.91
Jul 2025Diamondback E&P	Diamondback E&P LLC	1,425	1,470	4,662	4,592	70	$68.39	$3.20
Jun 2025Diamondback E&P	Diamondback E&P LLC	1,464	1,283	4,053	4,053	0	$68.17	$3.02
May 2025Diamondback E&P	Diamondback E&P LLC	1,903	1,873	5,685	5,685	0	$62.17	$3.12
Apr 2025Diamondback E&P	Diamondback E&P LLC	2,131	2,569	6,387	6,387	0	$63.54	$3.42
Mar 2025Diamondback E&P	Diamondback E&P LLC	2,306	1,995	6,518	6,516	2	$68.24	$4.12
Feb 2025Diamondback E&P	Diamondback E&P LLC	2,059	2,196	4,694	4,694	0	$71.53	$4.19
Jan 2025Diamondback E&P	Diamondback E&P LLC	1,508	1,557	4,300	4,300	0	$75.74	$4.13
Dec 2024Endeavor Energy	Endeavor Energy Resources L.P.	1,669	1,632	4,316	4,316	0	$70.12	$3.01
Nov 2024Endeavor Energy	Endeavor Energy Resources L.P.	1,454	1,423	3,484	3,369	115	$69.95	$2.12
Oct 2024Endeavor Energy	Endeavor Energy Resources L.P.	1,870	1,805	4,012	4,012	0	$71.99	$2.20
Sep 2024Endeavor Energy	Endeavor Energy Resources L.P.	1,774	1,630	4,588	4,588	0	$70.24	$2.28
Aug 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,100	2,301	5,264	4,542	722	$76.68	$1.99
Jul 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,233	1,998	5,075	5,075	0	$81.80	$2.07
Jun 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,028	2,152	4,515	4,515	0	$79.77	$2.54
May 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,488	2,492	5,111	5,111	0	$80.02	$2.12
Apr 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,438	2,512	4,656	4,656	0	$85.35	$1.60
Mar 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,333	2,037	4,150	4,150	0	$81.28	$1.49
Feb 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,041	2,546	3,069	3,069	0	$77.25	$1.72
Jan 2024Endeavor Energy	Endeavor Energy Resources L.P.	2,432	2,305	3,902	3,902	0	$74.15	$3.18
Dec 2023Endeavor Energy	Endeavor Energy Resources L.P.	3,109	3,036	4,115	4,115	0	$71.90	$2.52
Nov 2023Endeavor Energy	Endeavor Energy Resources L.P.	1,485	1,777	2,443	2,443	0	$77.69	$2.71
Oct 2023Endeavor Energy	Endeavor Energy Resources L.P.	3,614	3,428	5,316	5,316	0	$85.64	$2.98
Sep 2023Endeavor Energy	Endeavor Energy Resources L.P.	2,893	2,857	3,203	3,203	0	$89.43	$2.64
Aug 2023Endeavor Energy	Endeavor Energy Resources L.P.	4,696	5,065	5,596	5,596	0	$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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Nearby

Leases within 10 km

FASKEN
0 bbl · 0.2 km
FASKEN "16-21"
6,113 bbl · 0.5 km
FASKEN H 16-21
50,443 bbl · 0.9 km
FASKEN -17-
0 bbl · 0.9 km
STUARD
0 bbl · 1 km
HANNON-FASKEN
11,503 bbl · 1.1 km
FASKEN 9-16-21 UNIT 1
503,227 bbl · 1.3 km
FASKEN 9-16-21 UNIT 2
351,678 bbl · 1.3 km
CAIN -A-
0 bbl · 1.3 km
HORSE RADISH 20
3,330 bbl · 1.4 km

Drilling permits within 10 km

RIVERCREST 47-11 A #R 4WA
new drill · horizontal · Diamondback E&P LLC · Midland County · 8 km
Permit 0918826 · Oct 1, 2026
MCCLINTIC-TURNER 11J #110H
new drill · horizontal · Pioneer Natural Res. USA, Inc. · Midland County · 7.8 km
Permit 0917579 · Sep 25, 2026
RUTTER 1-12 L #5JM
new drill · horizontal · Diamondback E&P LLC · Midland County · 6.3 km
Permit 0917802 · Sep 10, 2026
RUTTER 1-12 L #5WA
new drill · horizontal · Diamondback E&P LLC · Midland County · 6.3 km
Permit 0917803 · Sep 10, 2026
RUTTER 1-12 K #4WD
new drill · horizontal · Diamondback E&P LLC · Midland County · 6.3 km
Permit 0917800 · Sep 10, 2026

Is your check right?

Where it sits

Checks stopped on this lease?

Production by month

Oil output fell 45% over the last 12 months

Where the gas went

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

Who has run this lease

The operator changed once, most recently in Jan 2025

6 wells on this lease

Buyers and gatherers

493.30 acres on the newest permit

What Diamondback Energy, Inc. told investors it received

Estimate your royalty

36 months, newest first

Do your checks match this lease?

Nearby

This lease belongs to

Diamondback E&P LLC in Midland County

Spraberry (Trend Area) field

Leases within 10 km

Drilling permits within 10 km