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Texas oil lease

Producing

PARKS "38"

Parks "38" is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

3 wells

978bbl oil, last 12 months−42% vs prior year
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-41131

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
509 mcf
Oil in Jul 2026
78 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: TARGA PL MID-CONT WESTTEX LLC replaced TARGA MIDSTREAM SERVICES LLC as the buyer of this lease's gas from oil wells on Aug 1, 2025.

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

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Production by month

Oil output fell 42% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for PARKS "38", Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 978 bbl in the 12 months through Jul 2026, against 1,694 bbl in the 12 months before.Last 12 months: 978 bblbbl per monthmcf per month005050100100150150200200250250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for PARKS "38", Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 978 bbl in the 12 months through Jul 2026, against 1,694 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005050100100150150200200250250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line

  • Transmission line (2)
  • Lease fuel (1)
Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of PARKS "38" gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of PARKS "38" gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line.Share of gas by disposition code0%50%100%Jul 26: line to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    81% · 414 mcf

  • Lease fuel (1)

    19% · 95 mcf

Who has run this lease

The operator changed 2 times, most recently in Dec 2022

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to May 2022; Firebird Energy LLC, Jun 2022 to Nov 2022; Diamondback E&P LLC, Dec 2022 to Jul 20262020202120222023202420252026Changed Jun 2022Changed Dec 2022Diamondback E&P LLCJan 2020 to May 2022Firebird Energy LLCJun 2022 to Nov 2022Diamondback E&P LLCDec 2022 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to May 2022; Firebird Energy LLC, Jun 2022 to Nov 2022; Diamondback E&P LLC, Dec 2022 to Jul 20262020202120222023202420252026Changed Jun 2022Changed Dec 2022Diamondback E&P LLCJan 2020 to May 2022Firebird Energy LLCJun 2022 to Nov 2022Diamondback E&P LLCDec 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on PARKS "38"
API numberWell no.Status
42-329-370461Shut-in
42-329-370472Shut-in
42-329-384613Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Sep 1, 2026–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Aug 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Aug 1, 2025–
Midcon Gathering LLCOilGathers100Aug 1, 2025Sep 1, 2026
Targa Midstream Services LLCCasinghead gasGathers100Jun 1, 2022Aug 1, 2025
Targa Midstream Services LLCCasinghead gasBuys100Jun 1, 2022Aug 1, 2025
Dorado Oil CompanyOilGathers100Dec 1, 2021Aug 1, 2025
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015Jun 1, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Oct 1, 2015Jun 1, 2022

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

Who buys my oilOil price check

322.10 acres on the newest permit

Check your decimal on this lease
Permits for Parks "38"
API numberWell no.Acreson the permit
42-329-384613322.10
42-329-370461322.10
42-329-370472322.10

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 PARKS "38"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P781861140$80.46$2.89
Jun 2026Diamondback E&P67019100$84.81$3.15
May 2026Diamondback E&P7601790$102.13$2.94
Apr 2026Diamondback E&P6817520110$100.32$2.77
Mar 2026Diamondback E&P72021120$91.38$3.04
Feb 2026Diamondback E&P741771790$64.51$3.62
Jan 2026Diamondback E&P7411590$60.04$7.72
Dec 2025Diamondback E&P28017140$57.97$4.26
Nov 2025Diamondback E&P9416957480$60.06$3.79
Oct 2025Diamondback E&P61069600$60.89$3.19
Sep 2025Diamondback E&P1671831551460$63.96$2.97
Aug 2025Diamondback E&P11918391820$64.86$2.91
Jul 2025Diamondback E&P15217960510$68.39$3.20
Jun 2025Diamondback E&P12917278690$68.17$3.02
May 2025Diamondback E&P102089800$62.17$3.12
Apr 2025Diamondback E&P14616994860$63.54$3.42
Mar 2025Diamondback E&P14916760520$68.24$4.12
Feb 2025Diamondback E&P12018461530$71.53$4.19
Jan 2025Diamondback E&P1894260510$75.74$4.13
Dec 2024Diamondback E&P1603491231140$70.12$3.01
Nov 2024Diamondback E&P1451861731640$69.95$2.12
Oct 2024Diamondback E&P814106970$71.99$2.20
Sep 2024Diamondback E&P1480106970$70.24$2.28
Aug 2024Diamondback E&P1733542202110$76.68$1.99
Jul 2024Diamondback E&P15411721630$81.80$2.07
Jun 2024Diamondback E&P1402741581490$79.77$2.54
May 2024Diamondback E&P13101251170$80.02$2.12
Apr 2024Diamondback E&P4116941390$85.35$1.60
Mar 2024Diamondback E&P1471691241150$81.28$1.49
Feb 2024Diamondback E&P14701421340$77.25$1.72
Jan 2024Diamondback E&P1653591361270$74.15$3.18
Dec 2023Diamondback E&P1580100910$71.90$2.52
Nov 2023Diamondback E&P1491681291200$77.69$2.71
Oct 2023Diamondback E&P1671652011920$85.64$2.98
Sep 2023Diamondback E&P1281731331240$89.43$2.64
Aug 2023Diamondback E&P11516486770$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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This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMidland County

Diamondback E&P LLC in Midland County

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Spraberry (Trend Area) field

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