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Texas oil lease

Producing

FASKEN-STEPHENS 53L

Fasken-Stephens 53L is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

149,893bbl oil, last 12 months
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-63504

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
460,541 mcf
Oil in Jul 2026
8,241 bbl

Production by month

Oil output fell 59% since Apr 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 59% since Apr 2025Monthly oil production and gas for FASKEN-STEPHENS 53L, Apr 2025 to Jul 2026. Oil output fell 59% since Apr 2025. Monthly average of 8,815 bbl in the latest 3 months, against 21,600 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kApr 25JulOctJan 26AprJul
Oil output fell 59% since Apr 2025Monthly oil production and gas for FASKEN-STEPHENS 53L, Apr 2025 to Jul 2026. Oil output fell 59% since Apr 2025. Monthly average of 8,815 bbl in the latest 3 months, against 21,600 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 5.1% of the gas in Jan 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of FASKEN-STEPHENS 53L gas by disposition code each month, Apr 2025 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.1% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.1%Apr 25JulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of FASKEN-STEPHENS 53L gas by disposition code each month, Apr 2025 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.1% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Flared 5.1%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 457,878 mcf

  • Flared (4)

    0.4% · 1,693 mcf

  • Lease fuel (1)

    0.2% · 970 mcf

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

1 well on this lease

Wells on FASKEN-STEPHENS 53L
API numberWell no.Status
42-329-4701912HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Apr 6, 2025
Phillips 66 Dos Picos LLCCasinghead gasBuys100Apr 6, 2025
Phillips 66 Dos Picos LLCCasinghead gasGathers100Apr 6, 2025

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

Who buys my oilOil price check

441.40 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.

Check your decimal on this lease
Permits for Fasken-Stephens 53L
API numberWell no.Acreson the permit
42-329-4701912H441.40

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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16 months, newest first

Ledger for FASKEN-STEPHENS 53L
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268,2418,21931,43431,3510$80.46$2.89
Jun 20268,5208,57430,42730,3520$84.81$3.15
May 20269,6849,65232,66932,5901$102.13$2.94
Apr 20269,7529,72532,80932,7350$100.32$2.77
Mar 202611,36811,39043,62143,5270$91.38$3.04
Feb 202612,62912,66549,12848,861160$64.51$3.62
Jan 20269,1649,12130,12228,5171,532$60.04$7.72
Dec 202512,43312,51140,99940,9160$57.97$4.26
Nov 202514,15914,09541,51241,4260$60.06$3.79
Oct 202515,67015,66243,85143,7740$60.89$3.19
Sep 202516,84016,84740,94840,8820$63.96$2.97
Aug 202521,43321,42543,02142,9470$64.86$2.91
Jul 202524,61024,60234,82634,7652$68.39$3.20
Jun 202525,16425,16527,75627,7000$68.17$3.02
May 202530,59930,58029,06228,96038$62.17$3.12
Apr 20259,0369,00911,33411,124183$63.54$3.42

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

This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) field

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