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Texas oil lease

Producing

JOHN FRANKLIN 247 B

John Franklin 247 B is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

37,894bbl oil, last 12 months−51% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-61447

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
95,916 mcf
Oil in Jul 2026
3,186 bbl

Production by month

Oil output fell 51% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for JOHN FRANKLIN 247 B, Feb 2024 to Jul 2026. Oil output fell 51% over the last 12 months. 37,894 bbl in the 12 months through Jul 2026, against 76,723 bbl in the 12 months before.Last 12 months: 37,894 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for JOHN FRANKLIN 247 B, Feb 2024 to Jul 2026. Oil output fell 51% over the last 12 months. 37,894 bbl in the 12 months through Jul 2026, against 76,723 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a transmission line in the last 12 months

Flaring peaked at 5.1% of the gas in Apr 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a transmission line in the last 12 monthsShare of JOHN FRANKLIN 247 B gas by disposition code each month, Feb 2024 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 5.1% of the gas in Apr 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.1%Apr 24JulOctJan 25AprJulOctJan 26AprJul
95% of the gas went to a transmission line in the last 12 monthsShare of JOHN FRANKLIN 247 B gas by disposition code each month, Feb 2024 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 5.1% of the gas in Apr 2024.Share of gas by disposition code0%50%100%Flared 5.1%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    95% · 90,851 mcf

  • Lease fuel (1)

    5.1% · 4,898 mcf

  • Flared (4)

    0.2% · 167 mcf

0.2% of the gas flared in the last 12 months. 2 months above 3%.

1 well on this lease

Wells on JOHN FRANKLIN 247 B
API numberWell no.Status
42-317-454462WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Dk Trading & Supply, LLCOilGathers100Feb 17, 2024
Energy Transfer CompanyCasinghead gasBuys100Feb 17, 2024
Energy Transfer CompanyCasinghead gasGathers100Feb 17, 2024

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

Who buys my oilOil price check

912.13 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.

Check your decimal on this lease
Permits for John Franklin 247 B
API numberWell no.Acreson the permit
42-317-454462WB912.13

SourceRailroad Commission drilling permits, Oct 3, 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

30 months, newest first

Ledger for JOHN FRANKLIN 247 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,1863,1869,6459,11571$80.46$2.89
Jun 20263,1633,1618,6358,2531$84.81$3.15
May 20263,4303,4309,0208,6250$102.13$2.94
Apr 20263,2803,2799,1488,7390$100.32$2.77
Mar 20263,1583,14710,4079,9400$91.38$3.04
Feb 20262,5012,5016,4386,1560$64.51$3.62
Jan 20261,6291,6266,2315,9134$60.04$7.72
Dec 20251,3981,4074,5004,2950$57.97$4.26
Nov 20252,9982,9975,6915,4250$60.06$3.79
Oct 20254,5624,5878,6058,1353$60.89$3.19
Sep 20254,2884,2698,5317,86510$63.96$2.97
Aug 20254,3014,3099,0658,39078$64.86$2.91
Jul 20254,2904,3128,2827,6700$68.39$3.20
Jun 20256,4476,4529,4538,8570$68.17$3.02
May 20257,5367,5127,9197,3840$62.17$3.12
Apr 20255,8815,8723,9953,6510$63.54$3.42
Mar 20252,8612,8672,0601,7930$68.24$4.12
Feb 20254,2314,2549,6108,700138$71.53$4.19
Jan 20256,4226,40014,67413,83622$75.74$4.13
Dec 20245,0415,0529,6539,1290$70.12$3.01
Nov 20247,5287,52914,13813,192251$69.95$2.12
Oct 20248,2068,22319,01117,939124$71.99$2.20
Sep 20248,2828,27514,36913,7481$70.24$2.28
Aug 20249,9989,98914,53713,9570$76.68$1.99
Jul 20248,7128,70812,16711,61781$81.80$2.07
Jun 202410,92210,92218,71217,728298$79.77$2.54
May 202414,20714,25122,37520,512991$80.02$2.12
Apr 202427,18627,30130,22727,5251,539$85.35$1.60
Mar 202436,58336,65738,26835,900916$81.28$1.49
Feb 202413,89413,6209,2158,267193$77.25$1.72

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

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

Diamondback E&P LLC in Martin County

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