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Texas oil lease

Producing

FRED UNIT

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

3 wells

968bbl oil, last 12 months−28% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-33874

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
1,238 mcf
Oil in Jul 2026
34 bbl

Production by month

Oil output fell 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for FRED UNIT, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 968 bbl in the 12 months through Jul 2026, against 1,350 bbl in the 12 months before.Last 12 months: 968 bblbbl per monthmcf per month00100200200400300600400800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for FRED UNIT, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 968 bbl in the 12 months through Jul 2026, against 1,350 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100200200400300600400800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant

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

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of FRED UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Dec 2023.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of FRED UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Dec 2023.Share of gas by disposition code0%50%100%Nov 24: plant to lineFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on FRED UNIT
API numberWell no.Status
42-317-322331Shut-in
42-317-367332Shut-in
42-317-383773Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Apr 1, 2025–
Enterprise Products Operating LLCCasinghead gasBuys100Apr 1, 2025–
Enterprise Products Operating LLCCasinghead gasGathers100Apr 1, 2025–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers100Jun 1, 2023Apr 1, 2025
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys100Jun 1, 2023Apr 1, 2025
Oasis Transp & Marketing Corp.OilGathers100Apr 1, 2018Apr 1, 2025
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Aug 1, 2017Jun 1, 2023
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Aug 1, 2017Jun 1, 2023

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

Who buys my oilOil price check

160 acres on the newest permit

The wells on this lease state different acreage

The permits state between 110 and 160 acres.

Permits for Fred Unit
API numberWell no.Acreson the permit
42-317-383773160
42-317-367332160
42-317-322331110

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 FRED UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P3418433330$80.46$2.89
Jun 2026Diamondback E&P38033330$84.81$3.15
May 2026Diamondback E&P11901621620$102.13$2.94
Apr 2026Diamondback E&P1141741391390$100.32$2.77
Mar 2026Diamondback E&P1061751421420$91.38$3.04
Feb 2026Diamondback E&P10001071070$64.51$3.62
Jan 2026Diamondback E&P541781661660$60.04$7.72
Dec 2025Diamondback E&P102057570$57.97$4.26
Nov 2025Diamondback E&P8117773730$60.06$3.79
Oct 2025Diamondback E&P101491490$60.89$3.19
Sep 2025Diamondback E&P129081810$63.96$2.97
Aug 2025Diamondback E&P9010096960$64.86$2.91
Jul 2025Diamondback E&P681751001000$68.39$3.20
Jun 2025Diamondback E&P9901681680$68.17$3.02
May 2025Diamondback E&P1041792032030$62.17$3.12
Apr 2025Diamondback E&P11201251250$63.54$3.42
Mar 2025Diamondback E&P1161802092090$68.24$4.12
Feb 2025Diamondback E&P1161681691690$71.53$4.19
Jan 2025Diamondback E&P12431551550$75.74$4.13
Dec 2024Endeavor Energy1191821611610$70.12$3.01
Nov 2024Endeavor Energy1321751751750$69.95$2.12
Oct 2024Endeavor Energy1091651351350$71.99$2.20
Sep 2024Endeavor Energy12101101100$70.24$2.28
Aug 2024Endeavor Energy1301701161160$76.68$1.99
Jul 2024Endeavor Energy11718290900$81.80$2.07
Jun 2024Endeavor Energy821351510$79.77$2.54
May 2024Endeavor Energy14320088880$80.02$2.12
Apr 2024Endeavor Energy00000$85.35$1.60
Mar 2024Endeavor Energy16317270700$81.28$1.49
Feb 2024Endeavor Energy12917914140$77.25$1.72
Jan 2024Endeavor Energy1641673080308$74.15$3.18
Dec 2023Endeavor Energy2561675340534$71.90$2.52
Nov 2023Endeavor Energy234341000$77.69$2.71
Oct 2023Endeavor Energy279174000$85.64$2.98
Sep 2023Endeavor Energy255343000$89.43$2.64
Aug 2023Endeavor Energy357506000$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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Nearby

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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