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Texas oil lease

Producing

FRANKLIN "41"

Franklin "41" is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

4 wells

2,468bbl oil, last 12 months−38% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-38122

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
3,353 mcf
Oil in Jul 2026
201 bbl

Production by month

Oil output fell 38% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for FRANKLIN "41", Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 2,468 bbl in the 12 months through Jul 2026, against 3,975 bbl in the 12 months before.Last 12 months: 2,468 bblbbl per monthmcf per month00200200400400600600800800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for FRANKLIN "41", Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 2,468 bbl in the 12 months through Jul 2026, against 3,975 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200200400400600600800800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 80.0% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Jan 2026 the lease's gas goes to a processing plant instead of lease fuelShare of FRANKLIN "41" gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 80.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2026: fuel to plantFlared 80.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2026 the lease's gas goes to a processing plant instead of lease fuelShare of FRANKLIN "41" gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 80.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Jan 26: fuel to plantFlared 80.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    75% · 3,292 mcf

  • Lease fuel (1)

    23% · 1,012 mcf

  • Flared (4)

    1.3% · 57 mcf

1.3% of the gas flared in the last 12 months. 6 months above 3%.

4 wells on this lease

Wells on FRANKLIN "41"
API numberWell no.Status
42-317-347032Shut-in
42-317-347903Shut-in
42-317-362445Shut-in
42-317-362484Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers34Mar 1, 2026–
Oasis Transp & Marketing Corp.OilGathers33Mar 1, 2026–
Shell Trading (Us) CompanyOilGathers33Jun 1, 2023–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
Eastex Crude Company, LLCOilGathers33Jun 1, 2023Mar 1, 2026
Oasis Transp & Marketing Corp.OilGathers34Jun 1, 2023Mar 1, 2026
Wtg North Permian Midstream LLCCasinghead gasGathers100Jun 1, 2023Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jun 1, 2023Dec 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100Apr 3, 2007Jun 1, 2023

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

Who buys my oilOil price check

160 acres on the newest permit

Permits for Franklin "41"
API numberWell no.Acreson the permit
42-317-362445160
42-317-362484160
42-317-347903160
42-317-347032160

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

Unit decimal checker

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36 months, newest first

Ledger for FRANKLIN "41"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202620101811131$80.46$2.89
Jun 20262346000$84.81$3.15
May 202623004443520$102.13$2.94
Apr 20263829296835630$100.32$2.77
Mar 20264911836505260$91.38$3.04
Feb 20263603712712030$64.51$3.62
Jan 202634303332540$60.04$7.72
Dec 202500000$57.97$4.26
Nov 20251803650$60.06$3.79
Oct 20251131891591000$60.89$3.19
Sep 202512517619810925$63.96$2.97
Aug 202520318239825931$64.86$2.91
Jul 20254103676575330$68.39$3.20
Jun 20252383433512750$68.17$3.02
May 20253633754933690$62.17$3.12
Apr 20254393735163960$63.54$3.42
Mar 20252613702691800$68.24$4.12
Feb 20252941715134320$71.53$4.19
Jan 20254685475464220$75.74$4.13
Dec 202418601731170$70.12$3.01
Nov 20241793741871400$69.95$2.12
Oct 20244035574533263$71.99$2.20
Sep 20244551815774570$70.24$2.28
Aug 20242791852161200$76.68$1.99
Jul 20243225514063120$81.80$2.07
Jun 20244613654243040$79.77$2.54
May 2024172168157800$80.02$2.12
Apr 20243723623632430$85.35$1.60
Mar 20243915473221980$81.28$1.49
Feb 20242671682459336$77.25$1.72
Jan 20242073502471230$74.15$3.18
Dec 20235023623942700$71.90$2.52
Nov 2023211174217970$77.69$2.71
Oct 20232921884920368$85.64$2.98
Sep 20231593566000480$89.43$2.64
Aug 202312006200496$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

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

Pioneer Natural Res. USA, Inc. in Martin County

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