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Producing

IDARADO N 28

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

1 well

7,854bbl oil, last 12 months−74% vs prior year
Operator
Fourpoint Energy, LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-60484

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
57,775 mcf
Oil in Jul 2026
270 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC NORTH PERMIAN MIDSTREAM 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 fell 74% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for IDARADO N 28, Jan 2024 to Jul 2026. Oil output fell 74% over the last 12 months. 7,854 bbl in the 12 months through Jul 2026, against 30,461 bbl in the 12 months before.Last 12 months: 7,854 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for IDARADO N 28, Jan 2024 to Jul 2026. Oil output fell 74% over the last 12 months. 7,854 bbl in the 12 months through Jul 2026, against 30,461 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 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 48.8% 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 N 28 gas by disposition code each month, Jan 2024 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 48.8% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 48.8%Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of IDARADO N 28 gas by disposition code each month, Jan 2024 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 48.8% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Flared 48.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 54,441 mcf

  • Flared (4)

    3.5% · 2,051 mcf

  • Lease fuel (1)

    2.2% · 1,283 mcf

3.5% of the gas flared in the last 12 months. 16 months above 3%.

1 well on this lease

Wells on IDARADO N 28
API numberWell no.Status
42-317-451415014HActive

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,llcOilGathers100Jan 1, 2024Feb 1, 2025
Wtg North Permian Midstream LLCCasinghead gasGathers100Jan 1, 2024Aug 1, 2024

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

Who buys my oilOil price check

320 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Idarado N 28
API numberWell no.Acreson the permit
42-317-451415014H320

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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31 months, newest first

Ledger for IDARADO N 28
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262702703,0062,9330$80.46$2.89
Jun 20264995175,5085,3770$84.81$3.15
May 20265535354,3243,796414$102.13$2.94
Apr 20264614785,0453,5431,373$100.32$2.77
Mar 20265785875,2715,1400$91.38$3.04
Feb 20265465464,5244,4310$64.51$3.62
Jan 20266876935,3525,2470$60.04$7.72
Dec 20257206975,0004,712186$57.97$4.26
Nov 20257957955,0104,9010$60.06$3.79
Oct 20258448555,1635,0580$60.89$3.19
Sep 20258989014,5574,4620$63.96$2.97
Aug 20251,0031,0075,0154,84178$64.86$2.91
Jul 20251,2001,1835,5954,769672$68.39$3.20
Jun 20256416091,9031,745121$68.17$3.02
May 2025079000$62.17$3.12
Apr 20251,8181,8647,7506,790820$63.54$3.42
Mar 20252,3292,29010,73110,246313$68.24$4.12
Feb 20252,3382,35210,4558,5191,775$71.53$4.19
Jan 20252,9742,98812,48610,1871,858$75.74$4.13
Dec 20243,4363,44713,08610,1282,771$70.12$3.01
Nov 20243,9813,95214,3017,1286,972$69.95$2.12
Oct 20243,7483,72511,2378,1862,880$71.99$2.20
Sep 20243,8473,89210,4477,2963,003$70.24$2.28
Aug 20244,1494,15010,47710,23978$76.68$1.99
Jul 20245,0385,05011,15810,873120$81.80$2.07
Jun 20245,9235,89812,75611,852740$79.77$2.54
May 20247,6317,68215,48514,0421,258$80.02$2.12
Apr 20249,7079,69217,77917,247340$85.35$1.60
Mar 202411,40111,42912,79710,8461,501$81.28$1.49
Feb 202416,87316,91114,07811,5711,713$77.25$1.72
Jan 202416,42116,2139,8819,18337$74.15$3.18

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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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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