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Texas oil lease

Producing

J W CAVE 48

J W Cave 48 is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

63bbl oil, last 12 months−36% vs prior year
RRC lease
08-43935

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Oil in Jul 2026
0 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 2025.

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 36% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 36% over the last 12 monthsMonthly oil production for J W CAVE 48, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 63 bbl in the 12 months through Jul 2026, against 98 bbl in the 12 months before.Last 12 months: 63 bblbbl per month05101520Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 36% over the last 12 monthsMonthly oil production for J W CAVE 48, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 63 bbl in the 12 months through Jul 2026, against 98 bbl in the 12 months before.Last 12 monthsbbl per month05101520Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 3 times, most recently in Jan 2025

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Oct 2021; Legacy Reserves Operating LP, Nov 2021 to Jan 2022; Endeavor Energy Resources L.P., Feb 2022 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Nov 2021Changed Feb 2022Changed Jan 2025Diamondback E&P LLCJan 2020 to Oct 2021Legacy Reserves Operating LPNov 2021 to Jan 2022Endeavor Energy Resources L.P.Feb 2022 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Oct 2021; Legacy Reserves Operating LP, Nov 2021 to Jan 2022; Endeavor Energy Resources L.P., Feb 2022 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Nov 2021Changed Feb 2022Changed Jan 2025Diamondback E&P LLCJan 2020 to Oct 2021Legacy Reserves Operating LPNov 2021 to Jan 2022Endeavor Energy Resources L.P.Feb 2022 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 J W CAVE 48
API numberWell no.Status
42-317-378121Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Bml, Inc. BOilGathers100Nov 1, 2021–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Oct 1, 2025–
Etc Gas Processing, LLCCasinghead gasBuys100Oct 1, 2025Mar 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers100Feb 5, 2013Oct 1, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Feb 5, 2013Oct 1, 2025
Eastex Crude CompanyOilGathers50Oct 1, 2015Nov 1, 2021
Shell Trading (Us) CompanyOilGathers50Oct 1, 2015Nov 1, 2021

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

160 acres on the newest permit

Permits for J W Cave 48
API numberWell no.Acreson the permit
42-317-378121160

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

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 J W CAVE 48
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P00$80.46$2.89
Jun 2026Diamondback E&P00$84.81$3.15
May 2026Diamondback E&P30$102.13$2.94
Apr 2026Diamondback E&P50$100.32$2.77
Mar 2026Diamondback E&P60$91.38$3.04
Feb 2026Diamondback E&P50$64.51$3.62
Jan 2026Diamondback E&P70$60.04$7.72
Dec 2025Diamondback E&P80$57.97$4.26
Nov 2025Diamondback E&P80$60.06$3.79
Oct 2025Diamondback E&P10$60.89$3.19
Sep 2025Diamondback E&P120$63.96$2.97
Aug 2025Diamondback E&P80$64.86$2.91
Jul 2025Diamondback E&P110$68.39$3.20
Jun 2025Diamondback E&P50$68.17$3.02
May 2025Diamondback E&P100$62.17$3.12
Apr 2025Diamondback E&P60$63.54$3.42
Mar 2025Diamondback E&P90$68.24$4.12
Feb 2025Diamondback E&P100$71.53$4.19
Jan 2025Diamondback E&P90$75.74$4.13
Dec 2024Endeavor Energy80$70.12$3.01
Nov 2024Endeavor Energy80$69.95$2.12
Oct 2024Endeavor Energy7168$71.99$2.20
Sep 2024Endeavor Energy60$70.24$2.28
Aug 2024Endeavor Energy90$76.68$1.99
Jul 2024Endeavor Energy80$81.80$2.07
Jun 2024Endeavor Energy70$79.77$2.54
May 2024Endeavor Energy60$80.02$2.12
Apr 2024Endeavor Energy130$85.35$1.60
Mar 2024Endeavor Energy90$81.28$1.49
Feb 2024Endeavor Energy70$77.25$1.72
Jan 2024Endeavor Energy90$74.15$3.18
Dec 2023Endeavor Energy60$71.90$2.52
Nov 2023Endeavor Energy10$77.69$2.71
Oct 2023Endeavor Energy120$85.64$2.98
Sep 2023Endeavor Energy60$89.43$2.64
Aug 2023Endeavor Energy100$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) field

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