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NAIL -K-

Nail -K- is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

191bbl oil, last 12 months−81% vs prior year
RRC lease
08-28984

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
1,185 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC NORTH PERMIAN MIDSTREAM LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

  • Sales

    No sales reported for the last 10 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 81% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 81% over the last 12 monthsMonthly oil production and gas for NAIL -K-, Aug 2023 to Jul 2026. Oil output fell 81% over the last 12 months. 191 bbl in the 12 months through Jul 2026, against 1,026 bbl in the 12 months before.Last 12 months: 191 bblbbl per monthmcf per month002001004002006003008004001,000500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 81% over the last 12 monthsMonthly oil production and gas for NAIL -K-, Aug 2023 to Jul 2026. Oil output fell 81% over the last 12 months. 191 bbl in the 12 months through Jul 2026, against 1,026 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001004002006003008004001,000500Jan 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 lease fuel instead of a processing plant

Flaring peaked at 67.4% of the gas in May 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2024 the lease's gas goes to lease fuel instead of a processing plantShare of NAIL -K- gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 67.4% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to fuelFlared 67.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to lease fuel instead of a processing plantShare of NAIL -K- gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 67.4% of the gas in May 2025.Share of gas by disposition code0%50%100%Nov 24: plant to fuelFlared 67.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    64% · 1,519 mcf

  • Lease fuel (1)

    28% · 666 mcf

  • Flared (4)

    8.0% · 190 mcf

8.0% of the gas flared in the last 12 months. 5 months above 3%.

1 well on this lease

Wells on NAIL -K-
API numberWell no.Status
42-317-329271Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Oct 1, 2025–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
Plains Marketing, L.p.OilGathers100Jul 1, 2000Oct 1, 2025
Wtg North Permian Midstream LLCCasinghead gasGathers100Jan 1, 2022Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jan 1, 2022Dec 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100May 1, 2001Jan 1, 2022
Nominator Not Required / Swr 31Casinghead gasNominates100Jul 18, 1996Jan 1, 2022

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

80 acres on the newest permit

Permits for Nail -K-
API numberWell no.Acreson the permit
42-317-32927180

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for NAIL -K-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600000$80.46$2.89
Jun 202600000$84.81$3.15
May 202600000$102.13$2.94
Apr 202600000$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 20256021210$60.06$3.79
Oct 20257503283280$60.89$3.19
Sep 202511773833830$63.96$2.97
Aug 202510904533800$64.86$2.91
Jul 2025391771901030$68.39$3.20
Jun 202579030116552$68.17$3.02
May 202538092662$62.17$3.12
Apr 20258501644560$63.54$3.42
Mar 2025621591252216$68.24$4.12
Feb 2025490100220$71.53$4.19
Jan 202557183101140$75.74$4.13
Dec 2024167176117300$70.12$3.01
Nov 20242140167830$69.95$2.12
Oct 202475181181940$71.99$2.20
Sep 2024330106220$70.24$2.28
Aug 20241281751575713$76.68$1.99
Jul 20242001792521650$81.80$2.07
Jun 20242471822031190$79.77$2.54
May 2024152179170830$80.02$2.12
Apr 202496180115310$85.35$1.60
Mar 2024910135480$81.28$1.49
Feb 2024155181103220$77.25$1.72
Jan 20241211819690$74.15$3.18
Dec 20234655312411540$71.90$2.52
Nov 20235403532982140$77.69$2.71
Oct 202390000$85.64$2.98
Sep 202355178159750$89.43$2.64
Aug 2023970103160$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

Pioneer Natural Res. USA, Inc. in Martin County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) field

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