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Texas oil lease

Producing

PEGGY

Peggy is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) R 40 Exc field.

1 well

9,159bbl oil, last 12 months−50% vs prior year
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-47528

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
150,538 mcf
Oil in Jul 2026
1,067 bbl

Production by month

Oil output fell 50% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 50% over the last 12 monthsMonthly oil production and gas for PEGGY, Aug 2023 to Jul 2026. Oil output fell 50% over the last 12 months. 9,159 bbl in the 12 months through Jul 2026, against 18,296 bbl in the 12 months before.Last 12 months: 9,159 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 50% over the last 12 monthsMonthly oil production and gas for PEGGY, Aug 2023 to Jul 2026. Oil output fell 50% over the last 12 months. 9,159 bbl in the 12 months through Jul 2026, against 18,296 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 13.5% of the gas in Feb 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jun 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of PEGGY gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 13.5% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2026: line to fuelFlared 13.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of PEGGY gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 13.5% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Jun 26: line to fuelFlared 13.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 168,251 mcf

  • Lease fuel (1)

    2.2% · 3,790 mcf

  • Flared (4)

    0.4% · 774 mcf

0.4% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed once, most recently in Mar 2023

Operators of this lease over timeLario Oil & Gas Company, Jan 2020 to Feb 2023; Diamondback E&P LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Mar 2023Lario Oil & Gas CompanyJan 2020 to Feb 2023Diamondback E&P LLCMar 2023 to now
Operators of this lease over timeLario Oil & Gas Company, Jan 2020 to Feb 2023; Diamondback E&P LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Mar 2023Lario Oil & Gas CompanyJan 2020 to Feb 2023Diamondback E&P LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PEGGY
API numberWell no.Status
42-329-40423101WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Oct 28, 2015–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 28, 2015–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2017Jul 1, 2021

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

Who buys my oilOil price check

1,283.90 acres on the newest permit

A production sharing agreement well is on this lease

Permits for Peggy
API numberWell no.Acreson the permit
42-329-40423101WB1,283.90

SourceRailroad Commission drilling permits, Sep 26, 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 PEGGY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P1,0671,06929300$80.46$2.89
Jun 2026Diamondback E&P1,2031,20327800$84.81$3.15
May 2026Diamondback E&P7056724102810$102.13$2.94
Apr 2026Diamondback E&P026000$100.32$2.77
Mar 2026Diamondback E&P5565918,5788,0400$91.38$3.04
Feb 2026Diamondback E&P2132145,7324,863774$64.51$3.62
Jan 2026Diamondback E&P1,2281,20925,12824,5670$60.04$7.72
Dec 2025Diamondback E&P1,0361,05011,60111,4170$57.97$4.26
Nov 2025Diamondback E&P1,4391,39029,12328,7210$60.06$3.79
Oct 2025Diamondback E&P2802946,9346,8310$60.89$3.19
Sep 2025Diamondback E&P75875827,40927,0300$63.96$2.97
Aug 2025Diamondback E&P67467235,05234,5530$64.86$2.91
Jul 2025Diamondback E&P83084722,27721,9480$68.39$3.20
Jun 2025Diamondback E&P1,0861,09830,41629,8850$68.17$3.02
May 2025Diamondback E&P1,7241,71944,16343,5300$62.17$3.12
Apr 2025Diamondback E&P1,1721,18129,88329,3780$63.54$3.42
Mar 2025Diamondback E&P1,6341,65438,52638,0110$68.24$4.12
Feb 2025Diamondback E&P1,8271,76729,30229,0490$71.53$4.19
Jan 2025Diamondback E&P5545719,0048,9380$75.74$4.13
Dec 2024Diamondback E&P1,4471,45623,42323,2620$70.12$3.01
Nov 2024Diamondback E&P2,0552,08028,48727,647636$69.95$2.12
Oct 2024Diamondback E&P2,6052,57534,64934,4020$71.99$2.20
Sep 2024Diamondback E&P1,7221,72016,95316,8210$70.24$2.28
Aug 2024Diamondback E&P1,6401,64125,00424,8150$76.68$1.99
Jul 2024Diamondback E&P1,6861,69526,01625,8100$81.80$2.07
Jun 2024Diamondback E&P1,8861,86423,88723,6590$79.77$2.54
May 2024Diamondback E&P1,1591,17015,43015,2250$80.02$2.12
Apr 2024Diamondback E&P1,6331,62625,31625,0690$85.35$1.60
Mar 2024Diamondback E&P1,7671,81828,69928,4480$81.28$1.49
Feb 2024Diamondback E&P2,3332,29325,58325,3420$77.25$1.72
Jan 2024Diamondback E&P1,9031,89827,23826,94563$74.15$3.18
Dec 2023Diamondback E&P2,2072,20220,38020,1560$71.90$2.52
Nov 2023Diamondback E&P1,6461,64315,97515,7700$77.69$2.71
Oct 2023Diamondback E&P2,4582,45917,05716,8760$85.64$2.98
Sep 2023Diamondback E&P2,2112,20818,05217,76584$89.43$2.64
Aug 2023Diamondback E&P2,2432,23817,79917,5030$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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This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area) R 40 ExcCountyMidland County

Diamondback E&P LLC in Midland County

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Spraberry (Trend Area) R 40 Exc field

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