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Texas oil lease

Producing

LO FREE 38

Lo Free 38 is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

2 wells

2,540bbl oil, last 12 months−25% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-50050

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
11,866 mcf
Oil in Jul 2026
198 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 25% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for LO FREE 38, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 2,540 bbl in the 12 months through Jul 2026, against 3,377 bbl in the 12 months before.Last 12 months: 2,540 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for LO FREE 38, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 2,540 bbl in the 12 months through Jul 2026, against 3,377 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 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 56.0% of the gas in Aug 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of LO FREE 38 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 56.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineFlared 56.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of LO FREE 38 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 56.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Nov 24: plant to lineFlared 56.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

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.

2 wells on this lease

Wells on LO FREE 38
API numberWell no.Status
42-317-411811Active
42-317-415732Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Explore Logistics LLCOilGathers100Apr 1, 2025–
Oasis Transp & Marketing Corp.OilGathers100Oct 1, 2019Apr 1, 2025
Wtg Gas Processing, L.p.Casinghead gasGathers100Feb 17, 2018Oct 1, 2019
Wtg Gas Processing, L.p.Casinghead gasBuys100Jul 1, 2019Oct 1, 2019
Gibson Energy Marketing, LLCOilGathers100Jul 1, 2019Oct 1, 2019
Wtg Gas Processing, L.p.Casinghead gasBuys100Aug 1, 2018Jul 1, 2019
Targa Crude Marketing LLCOilGathers100Aug 1, 2018Jul 1, 2019

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

Who buys my oilOil price check

642.83 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 640 and 642.83 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 Lo Free 38
API numberWell no.Acreson the permit
42-317-415732642.83
42-317-411811640

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 LO FREE 38
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P19811,1541,1540$80.46$2.89
Jun 2026Diamondback E&P1863669249240$84.81$3.15
May 2026Diamondback E&P2161779219210$102.13$2.94
Apr 2026Diamondback E&P2081781,0301,0300$100.32$2.77
Mar 2026Diamondback E&P2211858888880$91.38$3.04
Feb 2026Diamondback E&P2263457767760$64.51$3.62
Jan 2026Diamondback E&P1991871,0881,0880$60.04$7.72
Dec 2025Diamondback E&P2451841,5801,5800$57.97$4.26
Nov 2025Diamondback E&P2381831,4441,4440$60.06$3.79
Oct 2025Diamondback E&P2333677697690$60.89$3.19
Sep 2025Diamondback E&P2611825285280$63.96$2.97
Aug 2025Diamondback E&P1091827647640$64.86$2.91
Jul 2025Diamondback E&P2161771,7651,578187$68.39$3.20
Jun 2025Diamondback E&P2641781,8511,663188$68.17$3.02
May 2025Diamondback E&P2523601,8151,253562$62.17$3.12
Apr 2025Diamondback E&P3071741,9851,553432$63.54$3.42
Mar 2025Diamondback E&P2533622,0831,98895$68.24$4.12
Feb 2025Diamondback E&P2241871,6081,50999$71.53$4.19
Jan 2025Diamondback E&P3123602,2092,085124$75.74$4.13
Dec 2024Endeavor Energy3351872,1122,02092$70.12$3.01
Nov 2024Endeavor Energy2973712,3472,28859$69.95$2.12
Oct 2024Endeavor Energy3223592,5352,114421$71.99$2.20
Sep 2024Endeavor Energy2683482,8202,714106$70.24$2.28
Aug 2024Endeavor Energy3271842,3312,225106$76.68$1.99
Jul 2024Endeavor Energy3633632,3532,251102$81.80$2.07
Jun 2024Endeavor Energy2793581,7011,412289$79.77$2.54
May 2024Endeavor Energy3623612,1791,882297$80.02$2.12
Apr 2024Endeavor Energy4193502,0591,760299$85.35$1.60
Mar 2024Endeavor Energy2451741,326639687$81.28$1.49
Feb 2024Endeavor Energy00000$77.25$1.72
Jan 2024Endeavor Energy36188511394117$74.15$3.18
Dec 2023Endeavor Energy4423502,7522,168584$71.90$2.52
Nov 2023Endeavor Energy4885402,7041,959745$77.69$2.71
Oct 2023Endeavor Energy5385222,9562,490466$85.64$2.98
Sep 2023Endeavor Energy4905532,9092,576333$89.43$2.64
Aug 2023Endeavor Energy6587234,4231,9452,478$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

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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