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Texas oil lease

Producing

KOONCE NORTH 39-34 UNIT 1

Koonce North 39-34 Unit 1 is an oil lease in Glasscock County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

3 wells

71,319bbl oil, last 12 months−26% vs prior year
RRC lease
08-51317

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Where it sits

This county

Glasscock CountyGlasscockMitchellMartinSterlingMidlandHowardGlasscock County
Glasscock County
Gas, last 12 months
580,549 mcf
Oil in Jul 2026
5,177 bbl

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: ENTERPRISE PRODUCTS OPERATING LLC replaced ENT NAVITAS MDSTRM MDLND BAS LLC as the buyer of this lease's gas from oil wells on Apr 1, 2025.

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 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for KOONCE NORTH 39-34 UNIT 1, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 71,319 bbl in the 12 months through Jul 2026, against 96,488 bbl in the 12 months before.Last 12 months: 71,319 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for KOONCE NORTH 39-34 UNIT 1, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 71,319 bbl in the 12 months through Jul 2026, against 96,488 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 4.1% of the gas in Feb 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of KOONCE NORTH 39-34 UNIT 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 4.1% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineFlared 4.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of KOONCE NORTH 39-34 UNIT 1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 4.1% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Nov 24: plant to lineFlared 4.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 544,325 mcf

  • Lease fuel (1)

    5.4% · 31,470 mcf

  • Flared (4)

    0.8% · 4,754 mcf

0.8% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on KOONCE NORTH 39-34 UNIT 1
API numberWell no.Status
42-173-37886112Active
42-173-38462131Active
42-173-38463143Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Lpc Crude Iii, LLCOilGathers100Apr 1, 2025–
Enterprise Products Operating LLCCasinghead gasBuys100Apr 1, 2025–
Enterprise Products Operating LLCCasinghead gasGathers100Apr 1, 2025–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers100Jun 1, 2023Apr 1, 2025
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys100Jun 1, 2023Apr 1, 2025
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021Apr 1, 2025
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Nov 13, 2018Jun 1, 2023
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Nov 13, 2018Jun 1, 2023
Oasis Transp & Marketing Corp.OilGathers50Apr 2, 2021Jul 1, 2021

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

663.19 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 Koonce North 39-34 Unit 1
API numberWell no.Acreson the permit
42-173-38462131663.19
42-173-38463143663.19
42-173-37886112663.19
42-173-37887213663.19

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 KOONCE NORTH 39-34 UNIT 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P5,1775,21150,33247,79714$80.46$2.89
Jun 2026Diamondback E&P6,2966,32560,20957,021263$84.81$3.15
May 2026Diamondback E&P6,2296,21855,78952,892126$102.13$2.94
Apr 2026Diamondback E&P5,6555,68047,30044,796127$100.32$2.77
Mar 2026Diamondback E&P5,8235,78349,26346,231234$91.38$3.04
Feb 2026Diamondback E&P5,5525,50146,72642,0521,901$64.51$3.62
Jan 2026Diamondback E&P5,2286,12142,81239,232626$60.04$7.72
Dec 2025Diamondback E&P5,6744,92744,31841,7150$57.97$4.26
Nov 2025Diamondback E&P7,0257,02351,79949,1130$60.06$3.79
Oct 2025Diamondback E&P6,1746,35741,58038,740543$60.89$3.19
Sep 2025Diamondback E&P6,0815,78545,11742,7718$63.96$2.97
Aug 2025Diamondback E&P6,4056,39645,30441,965912$64.86$2.91
Jul 2025Diamondback E&P6,5706,53553,91350,702623$68.39$3.20
Jun 2025Diamondback E&P6,3156,40848,27845,322475$68.17$3.02
May 2025Diamondback E&P7,3567,36456,74652,3721,909$62.17$3.12
Apr 2025Diamondback E&P7,7297,66555,80451,8841,557$63.54$3.42
Mar 2025Diamondback E&P8,2198,34654,56251,977151$68.24$4.12
Feb 2025Diamondback E&P8,0358,03354,11551,511311$71.53$4.19
Jan 2025Diamondback E&P9,1679,00957,90355,40178$75.74$4.13
Dec 2024Endeavor Energy9,0029,04552,93849,967744$70.12$3.01
Nov 2024Endeavor Energy9,2399,27551,77349,235476$69.95$2.12
Oct 2024Endeavor Energy10,0189,95946,45043,896700$71.99$2.20
Sep 2024Endeavor Energy5,3085,41926,49524,361886$70.24$2.28
Aug 2024Endeavor Energy9,5309,53645,67843,8034$76.68$1.99
Jul 2024Endeavor Energy10,1959,93841,92840,1690$81.80$2.07
Jun 2024Endeavor Energy5,3595,55622,02621,02277$79.77$2.54
May 2024Endeavor Energy10,43510,46150,93648,8432$80.02$2.12
Apr 2024Endeavor Energy10,74810,75547,27345,3700$85.35$1.60
Mar 2024Endeavor Energy11,79611,79347,59046,119418$81.28$1.49
Feb 2024Endeavor Energy11,83511,81248,40247,3500$77.25$1.72
Jan 2024Endeavor Energy12,56612,52948,78347,51770$74.15$3.18
Dec 2023Endeavor Energy12,94512,95946,75246,7520$71.90$2.52
Nov 2023Endeavor Energy11,21611,23937,84837,8480$77.69$2.71
Oct 2023Endeavor Energy13,64013,57346,46446,41747$85.64$2.98
Sep 2023Endeavor Energy13,50913,53744,74844,73315$89.43$2.64
Aug 2023Endeavor Energy15,03915,02948,56748,5670$81.39$2.58

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

Diamondback E&P LLC in Glasscock County

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Spraberry (Trend Area) field

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