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Texas oil lease

Producing

LICENSE TO DRILL WEST 11-47 UNIT

License to Drill West 11-47 Unit is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

2 wells

658,344bbl oil, last 12 months
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-63741

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
573,764 mcf
Oil in Jul 2026
38,661 bbl

Production by month

Oil output since May 2025

  • Oil (bars)
  • Gas (line)
Oil output since May 2025Monthly oil production and gas for LICENSE TO DRILL WEST 11-47 UNIT, May 2025 to Jul 2026. Oil output since May 2025. Monthly average of 45,640 bbl in the latest 3 months, against 0 bbl in the first 3.bbl per monthmcf per month0020k20k40k40k60k60k80k80kJul 25OctJan 26AprJul
Oil output since May 2025Monthly oil production and gas for LICENSE TO DRILL WEST 11-47 UNIT, May 2025 to Jul 2026. Oil output since May 2025. Monthly average of 45,640 bbl in the latest 3 months, against 0 bbl in the first 3.bbl per monthmcf per month0020k20k40k40k60k60k80k80kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a transmission line in the last 12 months

Flaring peaked at 9.3% of the gas in Oct 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a transmission line in the last 12 monthsShare of LICENSE TO DRILL WEST 11-47 UNIT gas by disposition code each month, May 2025 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 9.3% of the gas in Oct 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 9.3%Jul 25OctJan 26AprJul
98% of the gas went to a transmission line in the last 12 monthsShare of LICENSE TO DRILL WEST 11-47 UNIT gas by disposition code each month, May 2025 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 9.3% of the gas in Oct 2025.Share of gas by disposition code0%50%100%Flared 9.3%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 564,728 mcf

  • Flared (4)

    1.2% · 6,862 mcf

  • Lease fuel (1)

    0.4% · 2,174 mcf

1.2% of the gas flared in the last 12 months. One month above 3%.

2 wells on this lease

Wells on LICENSE TO DRILL WEST 11-47 UNIT
API numberWell no.Status
42-317-465924DNActive
42-317-465935DNActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100May 29, 2025
Targa Midland LLCCasinghead gasBuys100May 29, 2025
Targa Midland LLCCasinghead gasGathers100May 29, 2025

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

Who buys my oilOil price check

804.12 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 804.12 and 804.24 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for License to Drill West 11-47 Unit
API numberWell no.Acreson the permit
42-317-465924DN804.24
42-317-465935DN804.12

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

15 months, newest first

Ledger for LICENSE TO DRILL WEST 11-47 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202638,66138,69258,76658,53110$80.46$2.89
Jun 202644,89244,90161,53161,2928$84.81$3.15
May 202653,36653,32165,70565,334124$102.13$2.94
Apr 202658,47158,53960,89460,6720$100.32$2.77
Mar 202671,76771,72865,71265,49513$91.38$3.04
Feb 202672,78472,82055,36553,7291,477$64.51$3.62
Jan 202664,76664,71541,28840,622506$60.04$7.72
Dec 202562,44762,42939,66239,053461$57.97$4.26
Nov 202562,11662,13438,64038,42173$60.06$3.79
Oct 202558,72658,67939,55835,7123,684$60.89$3.19
Sep 202538,11038,14625,15424,825205$63.96$2.97
Aug 202532,23832,02021,48921,042301$64.86$2.91
Jul 202500000$68.39$3.20
Jun 202500000$68.17$3.02
May 202500000$62.17$3.12

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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Spraberry (Trend Area) field

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