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Producing

MIDLAND FARMS 3940 B

Midland Farms 3940 B is a gas well in Andrews County, Texas, operated by Elevation Resources LLC in the Emma (Barnett Shale) field.

1 well

191,597mcf gas, last 12 months−19% vs prior year
Operator
Elevation Resources LLC
County
Andrews County
Field
Emma (Barnett Shale)
RRC lease
08-295576

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Oil, last 12 months
46,128 bbl
Gas in Jun 2026
15,117 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Elevation Resources LLC took over from Diamondback E&P LLC in Jul 2025.

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

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Production by month

Gas output fell 19% over the last 12 months

Jul 2026 was not reported.

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 19% over the last 12 monthsMonthly gas production and oil for MIDLAND FARMS 3940 B, Aug 2023 to Jul 2026. Gas output fell 19% over the last 12 months. 172,360 mcf in the 12 months through Jul 2026, against 212,381 mcf in the 12 months before.Last 12 months: 172,360 mcfmcf per monthbbl per month0020k5,00040k10k60k15k80k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 19% over the last 12 monthsMonthly gas production and oil for MIDLAND FARMS 3940 B, Aug 2023 to Jul 2026. Gas output fell 19% over the last 12 months. 172,360 mcf in the 12 months through Jul 2026, against 212,381 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0020k5,00040k10k60k15k80k20kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2025 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 100.0% of the gas in May 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jul 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of MIDLAND FARMS 3940 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 100.0% of the gas in May 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2025: line to plantFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of MIDLAND FARMS 3940 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 100.0% of the gas in May 2026.Share of gas by disposition code0%50%100%Jul 25: line to plantFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    79% · 150,473 mcf

  • Flared (4)

    21% · 41,124 mcf

21.5% of the gas flared in the last 12 months. 13 months above 3%.

Who has run this lease

The operator changed 3 times, most recently in Jul 2025

Operators of this lease over timeSlant Operating, LLC, Feb 2023 to Jul 2023; De IV Operating, LLC, Aug 2023 to Apr 2025; Diamondback E&P LLC, May 2025 to Jun 2025; Elevation Resources LLC, Jul 2025 to Jun 2026202420252026Changed Aug 2023Changed May 2025Changed Jul 2025Slant Operating, LLCFeb 2023 to Jul 2023De IV Operating, LLCAug 2023 to Apr 2025Diamondback E&P LLCMay 2025 to Jun 2025Elevation Resources LLCJul 2025 to now
Operators of this lease over timeSlant Operating, LLC, Feb 2023 to Jul 2023; De IV Operating, LLC, Aug 2023 to Apr 2025; Diamondback E&P LLC, May 2025 to Jun 2025; Elevation Resources LLC, Jul 2025 to Jun 2026202420252026Changed Aug 2023Changed May 2025Changed Jul 2025Slant Operating, LLCFeb 2023 to Jul 2023De IV Operating, LLCAug 2023 to Apr 2025Diamondback E&P LLCMay 2025 to Jun 2025Elevation Resources LLCJul 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MIDLAND FARMS 3940 B
API numberWell no.Status
42-003-486602HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCCondensateGathers50Jul 1, 2025–
Latigo Energy Services, L.l.c.CondensateGathers50Jul 1, 2025–
Dcp Operating Company, LPGas-well gasBuys100Feb 9, 2023–
Dcp Operating Company, LPGas-well gasGathers100Feb 9, 2023–
Dk Trading & Supply, LLCCondensateGathers100Dec 1, 2023Jul 1, 2025
Eastex Crude Company, LLCCondensateGathers100Feb 9, 2023Dec 1, 2023

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

Who buys my oilOil price check

322.78 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.

  • 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 Midland Farms 3940 B
API numberWell no.Acreson the permit
42-003-486602H322.78

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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36 months, newest first

Ledger for MIDLAND FARMS 3940 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Elevation Resources3,5563,61315,11713,8141,303$84.81$3.15
May 2026Elevation Resources3,7213,81515,397315,394$102.13$2.94
Apr 2026Elevation Resources3,7123,71714,7273,08811,639$100.32$2.77
Mar 2026Elevation Resources3,9433,71315,37315,223150$91.38$3.04
Feb 2026Elevation Resources3,9343,86614,47214,45022$64.51$3.62
Jan 2026Elevation Resources3,9304,01715,39114,774617$60.04$7.72
Dec 2025Elevation Resources3,9464,11816,79016,406384$57.97$4.26
Nov 2025Elevation Resources4,1264,29316,36916,27693$60.06$3.79
Oct 2025Elevation Resources4,3994,10116,48415,1611,323$60.89$3.19
Sep 2025Elevation Resources3,7974,07715,25911,1184,141$63.96$2.97
Aug 2025Elevation Resources4,0293,95716,98116,764217$64.86$2.91
Jul 2025Elevation Resources3,0352,78619,23713,3965,841$68.39$3.20
Jun 2025Diamondback E&P3,9463,93717,50717,44463$68.17$3.02
May 2025Diamondback E&P4,2864,37815,62113,3752,246$62.17$3.12
Apr 2025De IV4,1304,06815,98615,9842$63.54$3.42
Mar 2025De IV5,1715,24616,65116,6474$68.24$4.12
Feb 2025De IV5,4505,27615,85515,8550$71.53$4.19
Jan 2025De IV5,2705,25415,72515,63095$75.74$4.13
Dec 2024De IV5,4415,51216,74316,64796$70.12$3.01
Nov 2024De IV5,5695,52416,03216,0320$69.95$2.12
Oct 2024De IV5,7845,88120,39018,3812,009$71.99$2.20
Sep 2024De IV5,7535,77720,31916,4133,906$70.24$2.28
Aug 2024De IV6,0916,09322,31522,161154$76.68$1.99
Jul 2024De IV6,4286,44123,56623,5660$81.80$2.07
Jun 2024De IV6,3656,23521,89321,8930$79.77$2.54
May 2024De IV7,2397,35223,67523,6750$80.02$2.12
Apr 2024De IV6,7246,82121,74921,73019$85.35$1.60
Mar 2024De IV7,2887,15326,02826,0280$81.28$1.49
Feb 2024De IV7,8237,95023,49423,4940$77.25$1.72
Jan 2024De IV9,2559,35027,18527,1832$74.15$3.18
Dec 2023De IV7,9818,58620,32420,3240$71.90$2.52
Nov 2023De IV10,98110,25134,81034,8100$77.69$2.71
Oct 2023De IV10,11410,11333,73632,0231,713$85.64$2.98
Sep 2023De IV12,66012,81446,76028,24418,516$89.43$2.64
Aug 2023De IV15,06515,08652,15943,9738,186$81.39$2.58

No report filed 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

OperatorElevation Resources LLCFieldEmma (Barnett Shale)CountyAndrews County

Elevation Resources LLC in Andrews County

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Emma (Barnett Shale) field

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