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Texas oil lease

Producing

HOPE "16"

Hope "16" is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

3,772bbl oil, last 12 months−39% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-40508

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
69 mcf
Oil in Jul 2026
272 bbl

Production by month

Oil output fell 39% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for HOPE "16", Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 3,772 bbl in the 12 months through Jul 2026, against 6,167 bbl in the 12 months before.Last 12 months: 3,772 bblbbl per monthmcf per month00200104002060030800401,00050Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for HOPE "16", Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 3,772 bbl in the 12 months through Jul 2026, against 6,167 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200104002060030800401,00050Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the 3 months reported

All of the gas went to a transmission line in the 3 months reportedShare of HOPE "16" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 3 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the 3 months reportedShare of HOPE "16" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 3 months reported.Share of gas by disposition code0%50%100%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.

1 well on this lease

Wells on HOPE "16"
API numberWell no.Status
42-317-358851Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Explore Logistics LLCOilGathers100Apr 1, 2025–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Apr 1, 2025–
Etc Gas Processing, LLCCasinghead gasBuys100Apr 1, 2025Mar 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers100Jul 22, 2010Apr 1, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Jul 22, 2010Apr 1, 2025
Oasis Transp & Marketing Corp.OilGathers100Jul 22, 2010Apr 1, 2025

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

Who buys my oilOil price check

156.80 acres on the newest permit

Permits for Hope "16"
API numberWell no.Acreson the permit
42-317-358851156.80

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 HOPE "16"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P272179000$80.46$2.89
Jun 2026Diamondback E&P160000$84.81$3.15
May 2026Diamondback E&P120000$102.13$2.94
Apr 2026Diamondback E&P183183000$100.32$2.77
Mar 2026Diamondback E&P451538000$91.38$3.04
Feb 2026Diamondback E&P452360000$64.51$3.62
Jan 2026Diamondback E&P422567000$60.04$7.72
Dec 2025Diamondback E&P41630247470$57.97$4.26
Nov 2025Diamondback E&P28235122220$60.06$3.79
Oct 2025Diamondback E&P484359000$60.89$3.19
Sep 2025Diamondback E&P485733000$63.96$2.97
Aug 2025Diamondback E&P297169000$64.86$2.91
Jul 2025Diamondback E&P442361000$68.39$3.20
Jun 2025Diamondback E&P414545000$68.17$3.02
May 2025Diamondback E&P472374000$62.17$3.12
Apr 2025Diamondback E&P285565110$63.54$3.42
Mar 2025Diamondback E&P645527000$68.24$4.12
Feb 2025Diamondback E&P478360000$71.53$4.19
Jan 2025Diamondback E&P628741000$75.74$4.13
Dec 2024Endeavor Energy781718000$70.12$3.01
Nov 2024Endeavor Energy618533000$69.95$2.12
Oct 2024Endeavor Energy792713000$71.99$2.20
Sep 2024Endeavor Energy517702000$70.24$2.28
Aug 2024Endeavor Energy950000$76.68$1.99
Jul 2024Endeavor Energy255188000$81.80$2.07
Jun 2024Endeavor Energy309333000$79.77$2.54
May 2024Endeavor Energy302352000$80.02$2.12
Apr 2024Endeavor Energy241345000$85.35$1.60
Mar 2024Endeavor Energy292164000$81.28$1.49
Feb 2024Endeavor Energy319336000$77.25$1.72
Jan 2024Endeavor Energy298342000$74.15$3.18
Dec 2023Endeavor Energy344347000$71.90$2.52
Nov 2023Endeavor Energy326173000$77.69$2.71
Oct 2023Endeavor Energy264347000$85.64$2.98
Sep 2023Endeavor Energy329335000$89.43$2.64
Aug 2023Endeavor Energy344341000$81.39$2.58

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

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

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