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Texas oil lease

Producing

NEAL LETHCO 31-36 B

Neal Lethco 31-36 B is an oil lease in Pecos County, Texas, operated by Diamondback E&P LLC in the Hoefs T-K (Wolfcamp) field.

1 well

27,788bbl oil, last 12 months−27% vs prior year
Operator
Diamondback E&P LLC
County
Pecos County
Field
Hoefs T-K (Wolfcamp)
RRC lease
08-53589

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
47,919 mcf
Oil in Jul 2026
2,474 bbl

Production by month

Oil output fell 27% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for NEAL LETHCO 31-36 B, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 27,788 bbl in the 12 months through Jul 2026, against 37,847 bbl in the 12 months before.Last 12 months: 27,788 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for NEAL LETHCO 31-36 B, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 27,788 bbl in the 12 months through Jul 2026, against 37,847 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a transmission line in the last 12 months

Flaring peaked at 3.3% of the gas in Sep 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a transmission line in the last 12 monthsShare of NEAL LETHCO 31-36 B gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.3% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a transmission line in the last 12 monthsShare of NEAL LETHCO 31-36 B gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.3% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 3.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 46,868 mcf

  • Lease fuel (1)

    2.1% · 993 mcf

  • Flared (4)

    0.1% · 58 mcf

0.1% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on NEAL LETHCO 31-36 B
API numberWell no.Status
42-371-400672WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Nov 1, 2025–
Brazos Midstream Operating, LLCCasinghead gasBuys100Jul 16, 2019–
Brazos Midstream Operating, LLCCasinghead gasGathers100Jul 16, 2019–
Diamondback E&P LLCOilGathers50Jul 16, 2019Nov 1, 2025
Eastex Crude CompanyOilGathers50Feb 1, 2023Nov 1, 2025
Eastex Crude Company, LLCOilGathers50Jan 1, 2023Feb 1, 2023
Eastex Crude CompanyOilGathers50Nov 23, 2020Jan 1, 2023
Pilot Travel Centers LLCOilGathers50Jul 16, 2019Nov 23, 2020

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

Who buys my oilOil price check

1,320 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 Neal Lethco 31-36 B
API numberWell no.Acreson the permit
42-371-400672WA1,320

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 NEAL LETHCO 31-36 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,4742,5142,8632,7930$80.46$2.89
Jun 20262,2672,1762,9282,8560$84.81$3.15
May 20262,6462,7113,8453,7610$102.13$2.94
Apr 20262,5802,5494,0233,9440$100.32$2.77
Mar 20262,6152,5193,1783,1110$91.38$3.04
Feb 20262,1812,1822,3622,25358$64.51$3.62
Jan 20262,5172,6523,2663,2020$60.04$7.72
Dec 20252,5482,4143,2943,2280$57.97$4.26
Nov 20251,7171,7725,0714,9700$60.06$3.79
Oct 20252,0162,0365,9635,8420$60.89$3.19
Sep 20251,7671,8354,4354,3540$63.96$2.97
Aug 20252,4602,3936,6916,5540$64.86$2.91
Jul 20252,6322,6096,4816,3580$68.39$3.20
Jun 20252,5632,7715,7585,59848$68.17$3.02
May 20253,0452,8197,0686,9470$62.17$3.12
Apr 20253,0343,1097,1006,9810$63.54$3.42
Mar 20253,2623,3017,8297,7000$68.24$4.12
Feb 20252,8702,8307,7207,465127$71.53$4.19
Jan 20253,2233,2258,0517,9180$75.74$4.13
Dec 20243,2563,2007,1947,0750$70.12$3.01
Nov 20243,0793,1717,2187,08714$69.95$2.12
Oct 20243,4853,3797,8897,7570$71.99$2.20
Sep 20243,4083,3866,1825,857207$70.24$2.28
Aug 20243,9904,0037,9317,78217$76.68$1.99
Jul 20243,9944,0367,7497,53970$81.80$2.07
Jun 20244,2704,3387,6897,5665$79.77$2.54
May 20244,2814,1988,2008,0880$80.02$2.12
Apr 20244,2514,2418,4168,163142$85.35$1.60
Mar 20244,5944,5904,9444,774106$81.28$1.49
Feb 20242,2542,3624,7314,64821$77.25$1.72
Jan 20244,0613,9417,4617,3798$74.15$3.18
Dec 20234,4144,4188,2908,2470$71.90$2.52
Nov 20233,7153,7757,4007,30951$77.69$2.71
Oct 20233,9463,9098,7068,6600$85.64$2.98
Sep 20233,8623,8239,6349,417170$89.43$2.64
Aug 20234,3944,42610,19410,1460$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 LLCFieldHoefs T-K (Wolfcamp)CountyPecos County

Diamondback E&P LLC in Pecos County

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Hoefs T-K (Wolfcamp) field

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