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Texas oil lease

Producing

L BLACK 88-87 EAST

L Black 88-87 East is an oil lease in Ward County, Texas, operated by Diamondback E&P LLC in the Phantom (Wolfcamp) field.

3 wells

5,253bbl oil, last 12 months−82% vs prior year
Operator
Diamondback E&P LLC
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-49827

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
29,860 mcf
Oil in Jul 2026
514 bbl

Production by month

Oil output fell 82% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 82% over the last 12 monthsMonthly oil production and gas for L BLACK 88-87 EAST, Aug 2023 to Jul 2026. Oil output fell 82% over the last 12 months. 5,253 bbl in the 12 months through Jul 2026, against 28,907 bbl in the 12 months before.Last 12 months: 5,253 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 82% over the last 12 monthsMonthly oil production and gas for L BLACK 88-87 EAST, Aug 2023 to Jul 2026. Oil output fell 82% over the last 12 months. 5,253 bbl in the 12 months through Jul 2026, against 28,907 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 27.0% of the gas in Dec 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuelShare of L BLACK 88-87 EAST gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 27.0% of the gas in Dec 2024.Share of the lease’s gas by disposition code, per month0%50%100%Sep 2024: fuel to lineFlared 27.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuelShare of L BLACK 88-87 EAST gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 27.0% of the gas in Dec 2024.Share of gas by disposition code0%50%100%Sep 24: fuel to lineFlared 27.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 29,579 mcf

  • Flared (4)

    0.9% · 281 mcf

0.9% of the gas flared in the last 12 months. 21 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jan 2022

Operators of this lease over timeOccidental Permian Ltd., Jan 2020 to Aug 2021; Colgate Operating, LLC, Sep 2021 to Dec 2021; Diamondback E&P LLC, Jan 2022 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Jan 2022Occidental Permian Ltd.Jan 2020 to Aug 2021Colgate Operating, LLCSep 2021 to Dec 2021Diamondback E&P LLCJan 2022 to now
Operators of this lease over timeOccidental Permian Ltd., Jan 2020 to Aug 2021; Colgate Operating, LLC, Sep 2021 to Dec 2021; Diamondback E&P LLC, Jan 2022 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Jan 2022Occidental Permian Ltd.Jan 2020 to Aug 2021Colgate Operating, LLCSep 2021 to Dec 2021Diamondback E&P LLCJan 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on L BLACK 88-87 EAST
API numberWell no.Status
42-475-3726213HActive
42-475-3729014HShut-in
42-475-3729215HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2020–
Energy Transfer CompanyCasinghead gasBuys100Jan 21, 2018–
Energy Transfer CompanyCasinghead gasGathers100Jan 21, 2018–
Bridger Transportation, LLCOilGathers10Jan 21, 2018Jan 1, 2020
Oryx So. Delaware Ogt LLCOilGathers90Jan 21, 2018Jan 1, 2020

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

Who buys my oilOil price check

700 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 670 and 800 acres. Use the acres from your own division order for the well you are paid on.

  • 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 L Black 88-87 East
API numberWell no.Acreson the permit
42-475-3729215H700
42-475-3729014H670
42-475-3726213H800

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

36 months, newest first

Ledger for L BLACK 88-87 EAST
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P5145193,3663,30858$80.46$2.89
Jun 2026Diamondback E&P6876843,0062,95947$84.81$3.15
May 2026Diamondback E&P9649592,8422,8420$102.13$2.94
Apr 2026Diamondback E&P2572571,4001,4000$100.32$2.77
Mar 2026Diamondback E&P2572581,9601,94218$91.38$3.04
Feb 2026Diamondback E&P3473472,7762,7760$64.51$3.62
Jan 2026Diamondback E&P3754062,4332,4330$60.04$7.72
Dec 2025Diamondback E&P915774473113$57.97$4.26
Nov 2025Diamondback E&P748263661026$60.06$3.79
Oct 2025Diamondback E&P4455633,3623,243119$60.89$3.19
Sep 2025Diamondback E&P4833753,9153,9150$63.96$2.97
Aug 2025Diamondback E&P7597573,4203,4200$64.86$2.91
Jul 2025Diamondback E&P8298263,1503,13713$68.39$3.20
Jun 2025Diamondback E&P5655693,8143,545269$68.17$3.02
May 2025Diamondback E&P6516715,4895,105384$62.17$3.12
Apr 2025Diamondback E&P1,8671,86711,3288,3702,952$63.54$3.42
Mar 2025Diamondback E&P3,1583,27018,57815,6712,887$68.24$4.12
Feb 2025Diamondback E&P3,2413,27914,91413,7151,149$71.53$4.19
Jan 2025Diamondback E&P3,3423,29414,95713,928972$75.74$4.13
Dec 2024Diamondback E&P3,3853,39215,89511,5464,295$70.12$3.01
Nov 2024Diamondback E&P3,2003,53319,51516,6382,003$69.95$2.12
Oct 2024Diamondback E&P4,1593,88519,66113,9363,966$71.99$2.20
Sep 2024Diamondback E&P2,3252,33710,3627,833486$70.24$2.28
Aug 2024Diamondback E&P2,1852,0617,4672,554420$76.68$1.99
Jul 2024Diamondback E&P2,6812,5885,8531,381166$81.80$2.07
Jun 2024Diamondback E&P094000$79.77$2.54
May 2024Diamondback E&P2,1652,1595,2081,458177$80.02$2.12
Apr 2024Diamondback E&P2,5442,5846,6982,47857$85.35$1.60
Mar 2024Diamondback E&P3,0293,09010,8626,13386$81.28$1.49
Feb 2024Diamondback E&P3,7133,74612,1725,6722,445$77.25$1.72
Jan 2024Diamondback E&P4,0173,95011,1306,532619$74.15$3.18
Dec 2023Diamondback E&P3,4323,42312,3926,4121,311$71.90$2.52
Nov 2023Diamondback E&P3,1523,12412,8146,3911,455$77.69$2.71
Oct 2023Diamondback E&P3,4273,47313,8418,079801$85.64$2.98
Sep 2023Diamondback E&P3,1293,24811,3755,5242,370$89.43$2.64
Aug 2023Diamondback E&P4,3714,23016,89210,0711,785$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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This lease belongs to

OperatorDiamondback E&P LLCFieldPhantom (Wolfcamp)CountyWard County

Diamondback E&P LLC in Ward County

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Phantom (Wolfcamp) field

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