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Texas oil lease

Producing

IDARADO 28

Idarado 28 is an oil lease in Martin County, Texas, operated by Fourpoint Energy, LLC in the Spraberry (Trend Area) field.

2 wells

30,611bbl oil, last 12 months−39% vs prior year
Operator
Fourpoint Energy, LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-60482

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
153,509 mcf
Oil in Jul 2026
2,221 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 IDARADO 28, Dec 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 30,611 bbl in the 12 months through Jul 2026, against 49,807 bbl in the 12 months before.Last 12 months: 30,611 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for IDARADO 28, Dec 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 30,611 bbl in the 12 months through Jul 2026, against 49,807 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a processing plant in the last 12 months

Flaring peaked at 48.7% of the gas in Nov 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of IDARADO 28 gas by disposition code each month, Dec 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 48.7% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 48.7%Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of IDARADO 28 gas by disposition code each month, Dec 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 48.7% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Flared 48.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 144,847 mcf

  • Flared (4)

    3.4% · 5,182 mcf

  • Lease fuel (1)

    2.3% · 3,480 mcf

3.4% of the gas flared in the last 12 months. 18 months above 3%.

2 wells on this lease

Wells on IDARADO 28
API numberWell no.Status
42-317-451456011HActive
42-317-451466013HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Mar 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Feb 1, 2025–
Etc North Permian Midstream LLCCasinghead gasBuys100Feb 1, 2025Mar 1, 2026
Energy Transfer CompanyOilGathers100Feb 1, 2025Mar 1, 2026
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024Feb 1, 2025
Etc North Permian Midstream LLCCasinghead gasBuys100Aug 1, 2024Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers100Dec 12, 2023Feb 1, 2025
Wtg North Permian Midstream LLCCasinghead gasGathers100Dec 12, 2023Aug 1, 2024

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

Who buys my oilOil price check

320 acres on the newest permit

Permits for Idarado 28
API numberWell no.Acreson the permit
42-317-451456011H320
42-317-451466013H320

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

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32 months, newest first

Ledger for IDARADO 28
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,2212,14415,59815,2181$80.46$2.89
Jun 20262,3222,40417,12016,7120$84.81$3.15
May 20262,5582,48714,77612,9711,415$102.13$2.94
Apr 20262,3492,43612,1768,5503,314$100.32$2.77
Mar 20263,0063,00719,43118,9490$91.38$3.04
Feb 20262,2992,29712,48612,2290$64.51$3.62
Jan 20262,8772,82915,79515,4860$60.04$7.72
Dec 20252,0271,9757,8667,413293$57.97$4.26
Nov 20252,5662,5518,5388,3520$60.06$3.79
Oct 20252,3162,38810,1949,9870$60.89$3.19
Sep 20253,3693,3349,3009,1060$63.96$2.97
Aug 20252,7012,69910,2299,874159$64.86$2.91
Jul 20252,9512,9474,3173,680518$68.39$3.20
Jun 20252,3172,48110,4439,578663$68.17$3.02
May 20254,3884,24418,50616,7671,408$62.17$3.12
Apr 20253,1433,1868,8337,739935$63.54$3.42
Mar 20253,3363,29214,28813,643417$68.24$4.12
Feb 20253,6613,65410,6128,6471,802$71.53$4.19
Jan 20253,8043,84012,48810,1891,858$75.74$4.13
Dec 20244,9414,91919,30714,9434,088$70.12$3.01
Nov 20244,5124,50914,8897,4217,258$69.95$2.12
Oct 20245,4225,37722,12816,1205,672$71.99$2.20
Sep 20244,9215,00913,2839,2763,818$70.24$2.28
Aug 20246,4116,35518,56018,139138$76.68$1.99
Jul 20245,3525,40512,13111,821131$81.80$2.07
Jun 20248,0928,04423,10921,4721,340$79.77$2.54
May 20249,5059,56324,53222,2451,993$80.02$2.12
Apr 202411,72711,74034,24733,223655$85.35$1.60
Mar 202416,25416,26139,80133,7334,668$81.28$1.49
Feb 202420,77020,86433,78427,7674,112$77.25$1.72
Jan 202423,87724,03519,85418,45274$74.15$3.18
Dec 202320,56920,10816,91114,9471,181$71.90$2.52

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

OperatorFourpoint Energy, LLCFieldSpraberry (Trend Area)CountyMartin County

Fourpoint Energy, LLC in Martin County

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Spraberry (Trend Area) field

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