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Texas oil lease

Producing

FRANKLIN "23"

Franklin "23" is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

3 wells

11,533bbl oil, last 12 months+17% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-38157

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
767 mcf
Oil in Jul 2026
1,355 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.

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Production by month

Oil output rose 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for FRANKLIN "23", Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 11,533 bbl in the 12 months through Jul 2026, against 9,866 bbl in the 12 months before.Last 12 months: 11,533 bblbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for FRANKLIN "23", Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 11,533 bbl in the 12 months through Jul 2026, against 9,866 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

82% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

  • Transmission line (2)
  • Flared (4)
82% of the gas went to flaring in the last 12 monthsShare of FRANKLIN "23" gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
82% of the gas went to flaring in the last 12 monthsShare of FRANKLIN "23" gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    82% · 3,546 mcf

  • Transmission line (2)

    18% · 777 mcf

82.0% of the gas flared in the last 12 months. 18 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2021

Operators of this lease over timeGuidon Energy Mgmt Services LLC, Jan 2020 to Dec 2020; Diamondback E&P LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Guidon Energy Mgmt Services L…Jan 2020 to Dec 2020Diamondback E&P LLCJan 2021 to now
Operators of this lease over timeGuidon Energy Mgmt Services LLC, Jan 2020 to Dec 2020; Diamondback E&P LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Guidon Energy Mgmt Services LLCJan 2020 to Dec 2020Diamondback E&P LLCJan 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on FRANKLIN "23"
API numberWell no.Status
42-317-347341Active
42-317-347352Active
42-317-363023Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Sep 1, 2023–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, LLCCasinghead gasGathers100Sep 1, 2023Aug 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Sep 1, 2023Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100Feb 27, 2007Sep 1, 2023
Wtg Gas Processing, L.p.Casinghead gasBuys100Nov 1, 2019Sep 1, 2023
Ace Gathering, Inc.OilGathers100Nov 1, 2019Sep 1, 2023

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

Who buys my oilOil price check

321.90 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 Franklin "23"
API numberWell no.Acreson the permit
42-317-347341321.90
42-317-347352321.90
42-317-363023321.90

SourceRailroad Commission drilling permits, Sep 26, 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 FRANKLIN "23"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P1,3551,2162412410$80.46$2.89
Jun 2026Diamondback E&P84187340400$84.81$3.15
May 2026Diamondback E&P1,0811,2402142140$102.13$2.94
Apr 2026Diamondback E&P2,4852,5971151150$100.32$2.77
Mar 2026Diamondback E&P1,5551,2291491490$91.38$3.04
Feb 2026Diamondback E&P00000$64.51$3.62
Jan 2026Diamondback E&P553715000$60.04$7.72
Dec 2025Diamondback E&P659707770$57.97$4.26
Nov 2025Diamondback E&P638530000$60.06$3.79
Oct 2025Diamondback E&P719705000$60.89$3.19
Sep 2025Diamondback E&P720690110$63.96$2.97
Aug 2025Diamondback E&P927872000$64.86$2.91
Jul 2025Diamondback E&P500689000$68.39$3.20
Jun 2025Diamondback E&P793692000$68.17$3.02
May 2025Diamondback E&P752881000$62.17$3.12
Apr 2025Diamondback E&P731702550$63.54$3.42
Mar 2025Diamondback E&P8678564550455$68.24$4.12
Feb 2025Diamondback E&P7516898710871$71.53$4.19
Jan 2025Diamondback E&P9708621,10951,104$75.74$4.13
Dec 2024Diamondback E&P1,0271,2381,11601,116$70.12$3.01
Nov 2024Diamondback E&P1,0661,0601,08001,080$69.95$2.12
Oct 2024Diamondback E&P7847067000700$71.99$2.20
Sep 2024Diamondback E&P5805205560556$70.24$2.28
Aug 2024Diamondback E&P1,0451,1989410941$76.68$1.99
Jul 2024Diamondback E&P8336857400740$81.80$2.07
Jun 2024Diamondback E&P8851,0478180818$79.77$2.54
May 2024Diamondback E&P8508865917584$80.02$2.12
Apr 2024Diamondback E&P6915194866480$85.35$1.60
Mar 2024Diamondback E&P4506833000300$81.28$1.49
Feb 2024Diamondback E&P2461951640164$77.25$1.72
Jan 2024Diamondback E&P2163501260126$74.15$3.18
Dec 2023Diamondback E&P668362466207259$71.90$2.52
Nov 2023Diamondback E&P7518995705700$77.69$2.71
Oct 2023Diamondback E&P1,2301,0425865860$85.64$2.98
Sep 2023Diamondback E&P9141,06733627660$89.43$2.64
Aug 2023Diamondback E&P1,2951,24693093$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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This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) field

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