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Texas oil lease

Producing

JOHN FRANKLIN 247 C

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

1 well

79,620bbl oil, last 12 months−54% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-61364

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
201,457 mcf
Oil in Jul 2026
6,590 bbl

Production by month

Oil output fell 54% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 54% over the last 12 monthsMonthly oil production and gas for JOHN FRANKLIN 247 C, Feb 2024 to Jul 2026. Oil output fell 54% over the last 12 months. 79,620 bbl in the 12 months through Jul 2026, against 172,268 bbl in the 12 months before.Last 12 months: 79,620 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 54% over the last 12 monthsMonthly oil production and gas for JOHN FRANKLIN 247 C, Feb 2024 to Jul 2026. Oil output fell 54% over the last 12 months. 79,620 bbl in the 12 months through Jul 2026, against 172,268 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJul 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 C 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 C 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% · 191,685 mcf

  • Lease fuel (1)

    4.8% · 9,574 mcf

  • Flared (4)

    0.1% · 198 mcf

0.1% of the gas flared in the last 12 months. 2 months above 3%.

1 well on this lease

Wells on JOHN FRANKLIN 247 C
API numberWell no.Status
42-317-454453JMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Dk Trading & Supply, LLCOilGathers100Feb 13, 2024
Energy Transfer CompanyCasinghead gasBuys100Feb 13, 2024
Energy Transfer CompanyCasinghead gasGathers100Feb 13, 2024

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

Who buys my oilOil price check

752.13 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.

  • 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 John Franklin 247 C
API numberWell no.Acreson the permit
42-317-454453JM752.13

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

30 months, newest first

Ledger for JOHN FRANKLIN 247 C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,5906,57816,87215,945124$80.46$2.89
Jun 20264,9924,98916,62815,8931$84.81$3.15
May 20265,4075,41318,09817,3041$102.13$2.94
Apr 20266,0396,04817,96717,1630$100.32$2.77
Mar 20267,3647,34520,29619,3850$91.38$3.04
Feb 20266,8486,87219,80418,9350$64.51$3.62
Jan 20267,6677,66023,13321,95115$60.04$7.72
Dec 20258,2758,27324,29723,1900$57.97$4.26
Nov 20258,2448,21923,48222,3840$60.06$3.79
Oct 20256,4306,45511,21210,6013$60.89$3.19
Sep 20255,0925,0783,9963,6845$63.96$2.97
Aug 20256,6726,6915,6725,25049$64.86$2.91
Jul 20257,5397,5495,6385,2220$68.39$3.20
Jun 20257,8157,8135,7135,3530$68.17$3.02
May 20258,0127,9705,2944,9360$62.17$3.12
Apr 20253,5343,5372,6802,4490$63.54$3.42
Mar 20252,7142,7375,8645,1050$68.24$4.12
Feb 20256,1686,27513,27012,013191$71.53$4.19
Jan 202518,10918,08129,66327,96945$75.74$4.13
Dec 202419,49219,48031,13629,4460$70.12$3.01
Nov 202419,88519,88838,26435,706678$69.95$2.12
Oct 202421,71421,78337,49135,376245$71.99$2.20
Sep 202425,11225,10135,82634,2763$70.24$2.28
Aug 202432,17432,17647,70745,8050$76.68$1.99
Jul 202434,02533,96943,44041,477290$81.80$2.07
Jun 202431,51931,49636,31234,402579$79.77$2.54
May 202433,35833,35226,65224,4331,181$80.02$2.12
Apr 202429,08429,09721,87119,9151,114$85.35$1.60
Mar 202419,02618,93215,45514,499370$81.28$1.49
Feb 202448647678070016$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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This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

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