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Texas oil lease

Producing

FRANKLIN

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

1 well

889bbl oil, last 12 months−3% vs prior year
RRC lease
08-27925

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
2,308 mcf
Oil in Jul 2026
67 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for FRANKLIN, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 889 bbl in the 12 months through Jul 2026, against 915 bbl in the 12 months before.Last 12 months: 889 bblbbl per monthmcf per month0050100100200150300200400250500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for FRANKLIN, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 889 bbl in the 12 months through Jul 2026, against 915 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050100100200150300200400250500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

  • Processing plant (3)
  • Lease fuel (1)
Since Feb 2026 the lease's gas goes to a processing plant instead of lease fuelShare of FRANKLIN gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a processing plant instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to a processing plant instead of lease fuelShare of FRANKLIN gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a processing plant instead of lease fuel.Share of gas by disposition code0%50%100%Feb 26: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    56% · 1,285 mcf

  • Lease fuel (1)

    44% · 1,023 mcf

Who has run this lease

The operator changed 2 times, most recently in Jun 2021

Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Aug 2020; De3 Operating LLC, Sep 2020 to May 2021; Pioneer Natural Res. USA, Inc., Jun 2021 to Jul 20262020202120222023202420252026Changed Sep 2020Changed Jun 2021Pioneer Natural Res. USA, Inc.Jan 2020 to Aug 2020De3 Operating LLCSep 2020 to May 2021Pioneer Natural Res. USA, Inc.Jun 2021 to now
Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Aug 2020; De3 Operating LLC, Sep 2020 to May 2021; Pioneer Natural Res. USA, Inc., Jun 2021 to Jul 20262020202120222023202420252026Changed Sep 2020Changed Jun 2021Pioneer Natural Res. USA, Inc.Jan 2020 to Aug 2020De3 Operating LLCSep 2020 to May 2021Pioneer Natural Res. USA, Inc.Jun 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on FRANKLIN
API numberWell no.Status
42-329-311241Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Transoil Marketing, LLCOilGathers100Dec 1, 2020–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Plains Marketing, L.p.OilGathers100Jul 1, 2000Dec 1, 2020

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

160 acres on the newest permit

Permits for Franklin
API numberWell no.Acreson the permit
42-329-311241160

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

Estimate your royalty

36 months, newest first

Ledger for FRANKLIN
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pioneer Natural671712131260$80.46$2.89
Jun 2026Pioneer Natural1281722011170$84.81$3.15
May 2026Pioneer Natural7102121250$102.13$2.94
Apr 2026Pioneer Natural12942171330$100.32$2.77
Mar 2026Pioneer Natural404091921050$91.38$3.04
Feb 2026Pioneer Natural1420173950$64.51$3.62
Jan 2026Pioneer Natural00121340$60.04$7.72
Dec 2025Pioneer Natural720163760$57.97$4.26
Nov 2025Pioneer Natural301951110$60.06$3.79
Oct 2025Pioneer Natural4602011140$60.89$3.19
Sep 2025Pioneer Natural1311722041200$63.96$2.97
Aug 2025Pioneer Natural6002161290$64.86$2.91
Jul 2025Pioneer Natural8302221350$68.39$3.20
Jun 2025Pioneer Natural701742211370$68.17$3.02
May 2025Pioneer Natural110802501630$62.17$3.12
Apr 2025Pioneer Natural841753142300$63.54$3.42
Mar 2025Pioneer Natural7202952080$68.24$4.12
Feb 2025Pioneer Natural5323682900$71.53$4.19
Jan 2025Pioneer Natural691763692820$75.74$4.13
Dec 2024Pioneer Natural8803923050$70.12$3.01
Nov 2024Pioneer Natural711783843000$69.95$2.12
Oct 2024Pioneer Natural7163712840$71.99$2.20
Sep 2024Pioneer Natural8603883040$70.24$2.28
Aug 2024Pioneer Natural581763612740$76.68$1.99
Jul 2024Pioneer Natural7003812940$81.80$2.07
Jun 2024Pioneer Natural611733632790$79.77$2.54
May 2024Pioneer Natural7914003130$80.02$2.12
Apr 2024Pioneer Natural1051734223380$85.35$1.60
Mar 2024Pioneer Natural3502992120$81.28$1.49
Feb 2024Pioneer Natural8003843030$77.25$1.72
Jan 2024Pioneer Natural721614043170$74.15$3.18
Dec 2023Pioneer Natural6904303430$71.90$2.52
Nov 2023Pioneer Natural6404003160$77.69$2.71
Oct 2023Pioneer Natural791754263390$85.64$2.98
Sep 2023Pioneer Natural91154053210$89.43$2.64
Aug 2023Pioneer Natural711734213340$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

Pioneer Natural Res. USA, Inc. in Midland County

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