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Texas oil lease

Producing

LOOMIS 31-43 B

Loomis 31-43 B is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

4 wells

96,680bbl oil, last 12 months−35% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-57917

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
546,634 mcf
Oil in Jul 2026
7,313 bbl

Production by month

Oil output fell 35% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for LOOMIS 31-43 B, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 96,680 bbl in the 12 months through Jul 2026, against 148,541 bbl in the 12 months before.Last 12 months: 96,680 bblbbl per monthmcf per month0020k25k40k50k60k75k80k100k100k125kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for LOOMIS 31-43 B, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 96,680 bbl in the 12 months through Jul 2026, against 148,541 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k25k40k50k60k75k80k100k100k125kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 20.7% of the gas in Jan 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of LOOMIS 31-43 B gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 20.7% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 20.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a transmission line in the last 12 monthsShare of LOOMIS 31-43 B gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 20.7% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 20.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 542,903 mcf

  • Flared (4)

    0.5% · 2,463 mcf

  • Lease fuel (1)

    0.2% · 1,268 mcf

0.5% of the gas flared in the last 12 months. 8 months above 3%.

4 wells on this lease

Wells on LOOMIS 31-43 B
API numberWell no.Status
42-317-437702LSActive
42-317-437713WAActive
42-317-437724WBActive
42-317-442335JMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers50Jan 13, 2023–
Oryx Midland Oil Gathering LLCOilGathers50Jan 13, 2023–
Etc North Permian Midstream LLCCasinghead gasBuys100Aug 1, 2024–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Wtg North Permian Midstream LLCCasinghead gasGathers100Jan 13, 2023Aug 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jan 13, 2023Aug 1, 2024

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

Who buys my oilOil price check

1,020 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.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 1,020 and 1,180 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 Loomis 31-43 B
API numberWell no.Acreson the permit
42-317-442335JM1,020
42-317-437702LS1,020
42-317-437713WA1,180
42-317-437724WB1,020

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 LOOMIS 31-43 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267,3137,31047,79846,764917$80.46$2.89
Jun 20266,9896,99141,19741,0990$84.81$3.15
May 20267,4157,41247,97147,8550$102.13$2.94
Apr 20266,0046,02337,28737,10586$100.32$2.77
Mar 20267,7257,73447,21046,642458$91.38$3.04
Feb 20266,4646,43834,29334,088121$64.51$3.62
Jan 20266,2886,31541,66540,950621$60.04$7.72
Dec 20258,5558,54847,82047,68424$57.97$4.26
Nov 20258,6298,64747,54047,321109$60.06$3.79
Oct 20259,8159,79159,35459,19031$60.89$3.19
Sep 20259,8949,89545,05844,92237$63.96$2.97
Aug 202511,58911,60949,44149,28359$64.86$2.91
Jul 202510,98610,95846,49846,212139$68.39$3.20
Jun 20259,7769,78443,28742,983171$68.17$3.02
May 20259,2489,31246,03245,80490$62.17$3.12
Apr 202510,38410,31846,85545,6381,081$63.54$3.42
Mar 202513,71913,73752,20043,6368,422$68.24$4.12
Feb 202512,61412,65649,79649,462194$71.53$4.19
Jan 202513,91313,84253,39850,7852,473$75.74$4.13
Dec 202411,78811,77753,95153,78737$70.12$3.01
Nov 202410,68010,68655,80754,6301,054$69.95$2.12
Oct 202412,55412,56161,06860,408531$71.99$2.20
Sep 202414,71914,73452,00046,2305,651$70.24$2.28
Aug 202418,16018,17172,82671,672992$76.68$1.99
Jul 202418,88018,85279,32578,0501,084$81.80$2.07
Jun 202416,73816,75161,81659,2542,356$79.77$2.54
May 202419,65719,66863,82363,55626$80.02$2.12
Apr 202422,89723,02072,00971,669140$85.35$1.60
Mar 202425,29225,23270,30670,03814$81.28$1.49
Feb 202427,67727,72072,19667,8214,114$77.25$1.72
Jan 202427,59627,57180,82563,84416,749$74.15$3.18
Dec 202334,71234,79585,78185,57421$71.90$2.52
Nov 202345,38645,290103,288101,3261,641$77.69$2.71
Oct 202339,34439,36153,51553,26055$85.64$2.98
Sep 202363,87764,056110,378106,4083,555$89.43$2.64
Aug 202367,27167,264103,92697,2106,159$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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