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Texas oil lease

Producing

FOUR CORNERS 1423 B

Four Corners 1423 B is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

23,872bbl oil, last 12 months−20% vs prior year
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58303

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
47,867 mcf
Oil in Jul 2026
861 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 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 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for FOUR CORNERS 1423 B, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 23,872 bbl in the 12 months through Jul 2026, against 29,879 bbl in the 12 months before.Last 12 months: 23,872 bblbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for FOUR CORNERS 1423 B, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 23,872 bbl in the 12 months through Jul 2026, against 29,879 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

89% of the gas went to a transmission line in the last 12 months

Flaring peaked at 94.7% of the gas in Sep 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
89% of the gas went to a transmission line in the last 12 monthsShare of FOUR CORNERS 1423 B gas by disposition code each month, Aug 2023 to Jul 2026. 89% of the gas went to a transmission line in the last 12 months. Flaring peaked at 94.7% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 94.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
89% of the gas went to a transmission line in the last 12 monthsShare of FOUR CORNERS 1423 B gas by disposition code each month, Aug 2023 to Jul 2026. 89% of the gas went to a transmission line in the last 12 months. Flaring peaked at 94.7% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 94.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    89% · 42,382 mcf

  • Flared (4)

    5.8% · 2,799 mcf

  • Lease fuel (1)

    5.6% · 2,686 mcf

5.8% of the gas flared in the last 12 months. 26 months above 3%.

1 well on this lease

Wells on FOUR CORNERS 1423 B
API numberWell no.Status
42-329-45818101HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers50Dec 1, 2022–
Enterprise Crude Pipeline LLCOilGathers50Dec 1, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Energy Transfer CompanyCasinghead gasGathers50Dec 1, 2022Aug 1, 2024
Wtg South Permian Midstream LLCCasinghead gasGathers50Dec 1, 2022Aug 1, 2024
Energy Transfer CompanyCasinghead gasBuys50Dec 1, 2022Aug 1, 2024
Wtg South Permian Midstream LLCCasinghead gasBuys50Dec 1, 2022Aug 1, 2024

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

Who buys my oilOil price check

997.02 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.

  • 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 Four Corners 1423 B
API numberWell no.Acreson the permit
42-329-45818101H997.02

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 FOUR CORNERS 1423 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268618651,1441,0487$80.46$2.89
Jun 20261,1991,2204,2173,9820$84.81$3.15
May 20261,8601,9114,8994,292286$102.13$2.94
Apr 20261,3751,3135,1133,870951$100.32$2.77
Mar 20262,2752,2975,5714,898411$91.38$3.04
Feb 20262,6392,6114,4233,824396$64.51$3.62
Jan 20261,7591,7963,7153,313198$60.04$7.72
Dec 20251,8991,8342,6862,50327$57.97$4.26
Nov 20251,1841,1981,102894120$60.06$3.79
Oct 20252,6192,6134,2173,691272$60.89$3.19
Sep 20252,9712,9745,6305,25683$63.96$2.97
Aug 20253,2313,2155,1504,81148$64.86$2.91
Jul 20253,5313,5254,1893,836145$68.39$3.20
Jun 20251,2551,2652,3222,085111$68.17$3.02
May 20253,5383,5324,6654,39740$62.17$3.12
Apr 20253,9363,9303,7942,625989$63.54$3.42
Mar 20253,0903,0841,8561,554206$68.24$4.12
Feb 202588388042638413$71.53$4.19
Jan 20251051043012762$75.74$4.13
Dec 20246331611491$70.12$3.01
Nov 20242,4882,4893,7223,401142$69.95$2.12
Oct 20243,8583,8585,8694,3171,352$71.99$2.20
Sep 20243,5143,5336,6916,147350$70.24$2.28
Aug 20243,6753,6587,2777,01845$76.68$1.99
Jul 20243,7063,7197,3776,934238$81.80$2.07
Jun 20244,8734,93210,4919,864403$79.77$2.54
May 20245,7475,7049,8087,9361,640$80.02$2.12
Apr 20245,8045,7998,4806,9751,258$85.35$1.60
Mar 20245,4285,4289,6658,703685$81.28$1.49
Feb 20245,9445,9279,1638,699197$77.25$1.72
Jan 20246,4556,4907,5966,968398$74.15$3.18
Dec 20236,4016,4188,3446,7991,320$71.90$2.52
Nov 20237,5727,5379,3227,2971,784$77.69$2.71
Oct 20237,7807,79510,2817,8022,257$85.64$2.98
Sep 20237,9597,9918,0932267,667$89.43$2.64
Aug 20239,9149,89610,3657,7612,408$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

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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