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Texas oil lease

Producing

NICHOLS "B"

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

1 well

645bbl oil, last 12 months−44% vs prior year
RRC lease
08-36458

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Oil in Jul 2026
25 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 2025.

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

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Production by month

Oil output fell 44% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for NICHOLS "B", Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 645 bbl in the 12 months through Jul 2026, against 1,146 bbl in the 12 months before.Last 12 months: 645 bblbbl per monthmcf per month001001020020300304004050050Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for NICHOLS "B", Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 645 bbl in the 12 months through Jul 2026, against 1,146 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001020020300304004050050Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of NICHOLS "B" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of NICHOLS "B" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 14 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.

1 well on this lease

Wells on NICHOLS "B"
API numberWell no.Status
42-317-341892Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Explore Logistics LLCOilGathers100Apr 1, 2025–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Oasis Transp & Marketing Corp.OilGathers100Nov 1, 2000Apr 1, 2025

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

80 acres on the newest permit

Permits for Nichols "B"
API numberWell no.Acreson the permit
42-317-34189280

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

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 NICHOLS "B"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P2531000$80.46$2.89
Jun 2026Diamondback E&P41160000$84.81$3.15
May 2026Diamondback E&P541000$102.13$2.94
Apr 2026Diamondback E&P12164000$100.32$2.77
Mar 2026Diamondback E&P4328000$91.38$3.04
Feb 2026Diamondback E&P2230000$64.51$3.62
Jan 2026Diamondback E&P4170000$60.04$7.72
Dec 2025Diamondback E&P8079000$57.97$4.26
Nov 2025Diamondback E&P4961000$60.06$3.79
Oct 2025Diamondback E&P5173000$60.89$3.19
Sep 2025Diamondback E&P6877000$63.96$2.97
Aug 2025Diamondback E&P501000$64.86$2.91
Jul 2025Diamondback E&P5583000$68.39$3.20
Jun 2025Diamondback E&P5483000$68.17$3.02
May 2025Diamondback E&P7988000$62.17$3.12
Apr 2025Diamondback E&P143177000$63.54$3.42
Mar 2025Diamondback E&P15085000$68.24$4.12
Feb 2025Diamondback E&P110146000$71.53$4.19
Jan 2025Diamondback E&P141121000$75.74$4.13
Dec 2024Endeavor Energy9569000$70.12$3.01
Nov 2024Endeavor Energy117155000$69.95$2.12
Oct 2024Endeavor Energy967225025$71.99$2.20
Sep 2024Endeavor Energy200808$70.24$2.28
Aug 2024Endeavor Energy8615522022$76.68$1.99
Jul 2024Endeavor Energy15018942042$81.80$2.07
Jun 2024Endeavor Energy13110127027$79.77$2.54
May 2024Endeavor Energy17527336036$80.02$2.12
Apr 2024Endeavor Energy164135035$85.35$1.60
Mar 2024Endeavor Energy7318316016$81.28$1.49
Feb 2024Endeavor Energy16619323023$77.25$1.72
Jan 2024Endeavor Energy33733526026$74.15$3.18
Dec 2023Endeavor Energy22525926026$71.90$2.52
Nov 2023Endeavor Energy13717011011$77.69$2.71
Oct 2023Endeavor Energy20317222022$85.64$2.98
Sep 2023Endeavor Energy00000$89.43$2.64
Aug 2023Endeavor Energy140101$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

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) field

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