Texas oil lease

Producing

NICHOLS "24"

Name: NICHOLS "24" monthly oil and gas production, Martin County, Texas
Creator: Texas Railroad Commission

Nichols "24" is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

2 wells

1,378bbl oil, last 12 months+19% vs prior year

Operator: Diamondback E&P LLC
County: Martin County
Field: Spraberry (Trend Area)
RRC lease: 08-40041

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Where it sits

This county

Martin County

Oil in Jul 2026: 67 bbl
Reporting since: Jan 2020

Checks stopped on this lease?

Operator
Operator changed: Diamondback E&P LLC took over from Ovintiv USA Inc. in Mar 2025.

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

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Production by month

Oil output rose 19% over the last 12 months

Oil (bars)
Last 12 months

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 2 times, most recently in Mar 2025

Diamondback E&P LLC Mar 2025 to now
Ovintiv USA Inc. Jun 2023 to Feb 2025
Petrolegacy Energy II, LLC Jan 2020 to May 2023

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on NICHOLS "24"
API number	Well no.	Status
42-317-35364	1	Active
42-317-37250	3	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Rio Energy International, Inc.	Oil	Gathers	100	Nov 1, 2020	–
Wtg Gas Processing, L.p.	Casinghead gas	Gathers	100	Dec 1, 2019	Nov 1, 2020
Wtg Gas Processing, L.p.	Casinghead gas	Buys	100	Dec 1, 2019	Nov 1, 2020
Lion Oil Trading & Trans, LLC	Oil	Gathers	100	Dec 1, 2019	Nov 1, 2020
Rio Energy International, Inc.	Oil	Gathers	100	Sep 1, 2018	Dec 1, 2019

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

Who buys my oil Oil price check

160.40 acres on the newest permit

Good to know
The wells on this lease state different acreage
The permits state between 160 and 160.4 acres. Use the acres from your own division order for the well you are paid on.

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Permits for Nichols "24"
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-317-37250	3	Oct 12, 2011	Mar 6, 2012	160.40	Vertical
42-317-35364	1	Oct 14, 2008	Feb 18, 2010	160	Vertical

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

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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.
Quarter	Oil$ per bbl	Gas$ per mcf	Gas liquids$ per bbl	Filing
Q2 2026	$96.82	−$2.15	$18.56	SEC filing
Q1 2026	$73.47	$0.18	$16.68	SEC filing
Q4 2025	$58.00	$0.03	$13.51	SEC filing
Q3 2025	$64.60	$0.75	$17.28	SEC filing
Q2 2025	$63.23	$0.88	$18.13	SEC filing
Q1 2025	$70.95	$2.11	$23.94	SEC filing

SourceDiamondback Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for NICHOLS "24"
Month	Operator	Oil producedbbl	Oil soldbbl	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026Diamondback E&P	Diamondback E&P LLC	67	175	$80.46	$2.89
Jun 2026Diamondback E&P	Diamondback E&P LLC	54	3	$84.81	$3.15
May 2026Diamondback E&P	Diamondback E&P LLC	87	180	$102.13	$2.94
Apr 2026Diamondback E&P	Diamondback E&P LLC	135	33	$100.32	$2.77
Mar 2026Diamondback E&P	Diamondback E&P LLC	171	183	$91.38	$3.04
Feb 2026Diamondback E&P	Diamondback E&P LLC	135	193	$64.51	$3.62
Jan 2026Diamondback E&P	Diamondback E&P LLC	98	1	$60.04	$7.72
Dec 2025Diamondback E&P	Diamondback E&P LLC	138	188	$57.97	$4.26
Nov 2025Diamondback E&P	Diamondback E&P LLC	137	186	$60.06	$3.79
Oct 2025Diamondback E&P	Diamondback E&P LLC	96	0	$60.89	$3.19
Sep 2025Diamondback E&P	Diamondback E&P LLC	131	176	$63.96	$2.97
Aug 2025Diamondback E&P	Diamondback E&P LLC	129	178	$64.86	$2.91
Jul 2025Diamondback E&P	Diamondback E&P LLC	133	180	$68.39	$3.20
Jun 2025Diamondback E&P	Diamondback E&P LLC	65	0	$68.17	$3.02
May 2025Diamondback E&P	Diamondback E&P LLC	96	185	$62.17	$3.12
Apr 2025Diamondback E&P	Diamondback E&P LLC	86	181	$63.54	$3.42
Mar 2025Diamondback E&P	Diamondback E&P LLC	155	120	$68.24	$4.12
Feb 2025Ovintiv USA	Ovintiv USA Inc.	8	0	$71.53	$4.19
Jan 2025Ovintiv USA	Ovintiv USA Inc.	51	0	$75.74	$4.13
Dec 2024Ovintiv USA	Ovintiv USA Inc.	67	198	$70.12	$3.01
Nov 2024Ovintiv USA	Ovintiv USA Inc.	77	0	$69.95	$2.12
Oct 2024Ovintiv USA	Ovintiv USA Inc.	35	0	$71.99	$2.20
Sep 2024Ovintiv USA	Ovintiv USA Inc.	153	196	$70.24	$2.28
Aug 2024Ovintiv USA	Ovintiv USA Inc.	232	190	$76.68	$1.99
Jul 2024Ovintiv USA	Ovintiv USA Inc.	281	366	$81.80	$2.07
Jun 2024Ovintiv USA	Ovintiv USA Inc.	239	360	$79.77	$2.54
May 2024Ovintiv USA	Ovintiv USA Inc.	134	0	$80.02	$2.12
Apr 2024Ovintiv USA	Ovintiv USA Inc.	146	190	$85.35	$1.60
Mar 2024Ovintiv USA	Ovintiv USA Inc.	73	0	$81.28	$1.49
Feb 2024Ovintiv USA	Ovintiv USA Inc.	221	190	$77.25	$1.72
Jan 2024Ovintiv USA	Ovintiv USA Inc.	427	572	$74.15	$3.18
Dec 2023Ovintiv USA	Ovintiv USA Inc.	202	0	$71.90	$2.52
Nov 2023Ovintiv USA	Ovintiv USA Inc.	120	191	$77.69	$2.71
Oct 2023Ovintiv USA	Ovintiv USA Inc.	192	186	$85.64	$2.98
Sep 2023Ovintiv USA	Ovintiv USA Inc.	199	163	$89.43	$2.64
Aug 2023Ovintiv USA	Ovintiv USA Inc.	123	186	$81.39	$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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