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Texas oil lease

Producing

NAIL "1"

Nail "1" is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

2 wells

2,734bbl oil, last 12 months−16% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-42047

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
4,235 mcf
Oil in Jul 2026
176 bbl

Production by month

Oil output fell 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for NAIL "1", Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 2,734 bbl in the 12 months through Jul 2026, against 3,253 bbl in the 12 months before.Last 12 months: 2,734 bblbbl per monthmcf per month001002502005003007504001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for NAIL "1", Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 2,734 bbl in the 12 months through Jul 2026, against 3,253 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,000Jan 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 98.9% of the gas in Sep 2024.

  • 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 NAIL "1" 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 98.9% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineFlared 98.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of NAIL "1" 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 98.9% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Nov 24: plant to lineFlared 98.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    65% · 3,284 mcf

  • Flared (4)

    35% · 1,731 mcf

34.5% of the gas flared in the last 12 months. 31 months above 3%.

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 NAIL "1"
API numberWell no.Status
42-317-366021Active
42-317-378172Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Explore Logistics LLCOilGathers100Apr 1, 2025–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Apr 1, 2025–
Etc Gas Processing, LLCCasinghead gasBuys100Apr 1, 2025Mar 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers100Oct 13, 2011Apr 1, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Oct 13, 2011Apr 1, 2025
Oasis Transp & Marketing Corp.OilGathers100Oct 13, 2011Apr 1, 2025

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

Who buys my oilOil price check

321.30 acres on the newest permit

Permits for Nail "1"
API numberWell no.Acreson the permit
42-317-378172321.30
42-317-366021321.30

SourceRailroad Commission drilling permits, Sep 26, 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 NAIL "1"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P176184550$80.46$2.89
Jun 2026Diamondback E&P246367660$84.81$3.15
May 2026Diamondback E&P1500000$102.13$2.94
Apr 2026Diamondback E&P218364550$100.32$2.77
Mar 2026Diamondback E&P373184752352$91.38$3.04
Feb 2026Diamondback E&P196184321319$64.51$3.62
Jan 2026Diamondback E&P232370463264199$60.04$7.72
Dec 2025Diamondback E&P314370800585215$57.97$4.26
Nov 2025Diamondback E&P268182819642177$60.06$3.79
Oct 2025Diamondback E&P223184691486205$60.89$3.19
Sep 2025Diamondback E&P109186568414154$63.96$2.97
Aug 2025Diamondback E&P229182771551220$64.86$2.91
Jul 2025Diamondback E&P223179780290490$68.39$3.20
Jun 2025Diamondback E&P318362896405491$68.17$3.02
May 2025Diamondback E&P150183740549191$62.17$3.12
Apr 2025Diamondback E&P164178624370254$63.54$3.42
Mar 2025Diamondback E&P306186781450331$68.24$4.12
Feb 2025Diamondback E&P207379560433127$71.53$4.19
Jan 2025Diamondback E&P289188673511162$75.74$4.13
Dec 2024Endeavor Energy283377639470169$70.12$3.01
Nov 2024Endeavor Energy304184691532159$69.95$2.12
Oct 2024Endeavor Energy307367679348331$71.99$2.20
Sep 2024Endeavor Energy3633687338725$70.24$2.28
Aug 2024Endeavor Energy339366710119591$76.68$1.99
Jul 2024Endeavor Energy38834978371271$81.80$2.07
Jun 2024Endeavor Energy1330549445104$79.77$2.54
May 2024Endeavor Energy23036369262567$80.02$2.12
Apr 2024Endeavor Energy3213584544540$85.35$1.60
Mar 2024Endeavor Energy19617628926029$81.28$1.49
Feb 2024Endeavor Energy31337447344330$77.25$1.72
Jan 2024Endeavor Energy319186490145345$74.15$3.18
Dec 2023Endeavor Energy279362430239191$71.90$2.52
Nov 2023Endeavor Energy286181397224173$77.69$2.71
Oct 2023Endeavor Energy23736443379354$85.64$2.98
Sep 2023Endeavor Energy216183461222239$89.43$2.64
Aug 2023Endeavor Energy30635446839771$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 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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