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Texas oil lease

Producing

PEGGY 12

Peggy 12 is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

2 wells

46,926bbl oil, last 12 months−35% vs prior year
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58236

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
374,660 mcf
Oil in Jul 2026
5,405 bbl

Production by month

Oil output fell 35% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for PEGGY 12, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 46,926 bbl in the 12 months through Jul 2026, against 72,529 bbl in the 12 months before.Last 12 months: 46,926 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for PEGGY 12, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 46,926 bbl in the 12 months through Jul 2026, against 72,529 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a transmission line in the last 12 monthsShare of PEGGY 12 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a transmission line in the last 12 monthsShare of PEGGY 12 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 414,692 mcf

  • Lease fuel (1)

    3.4% · 14,523 mcf

  • Flared (4)

    0.0% · 102 mcf

Who has run this lease

The operator changed once, most recently in Feb 2023

Operators of this lease over timeLario Oil & Gas Company, Oct 2022 to Jan 2023; Diamondback E&P LLC, Feb 2023 to Jul 20262023202420252026Changed Feb 2023Lario Oil & Gas CompanyOct 2022 to Jan 2023Diamondback E&P LLCFeb 2023 to now
Operators of this lease over timeLario Oil & Gas Company, Oct 2022 to Jan 2023; Diamondback E&P LLC, Feb 2023 to Jul 20262023202420252026Changed Feb 2023Lario Oil & Gas CompanyOct 2022 to Jan 2023Diamondback E&P LLCFeb 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on PEGGY 12
API numberWell no.Status
42-329-45357201Active
42-329-45358202Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers50Aug 4, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Aug 4, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Aug 4, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Aug 4, 2022

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

Who buys my oilOil price check

1,283.90 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 production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives 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 Peggy 12
API numberWell no.Acreson the permit
42-329-453572011,283.90
42-329-453582021,283.90

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 PEGGY 12
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P5,4055,38263,83660,8950$80.46$2.89
Jun 2026Diamondback E&P4,8284,95744,39641,7330$84.81$3.15
May 2026Diamondback E&P5,5415,51835,67032,7410$102.13$2.94
Apr 2026Diamondback E&P3,8163,57613,05411,094102$100.32$2.77
Mar 2026Diamondback E&P00000$91.38$3.04
Feb 2026Diamondback E&P020000$64.51$3.62
Jan 2026Diamondback E&P39655410,80910,5670$60.04$7.72
Dec 2025Diamondback E&P4,3164,35358,54657,6190$57.97$4.26
Nov 2025Diamondback E&P5,4705,44433,77833,3120$60.06$3.79
Oct 2025Diamondback E&P6,8896,93455,22554,4030$60.89$3.19
Sep 2025Diamondback E&P8,1337,96739,24638,7040$63.96$2.97
Aug 2025Diamondback E&P2,1322,21320,10019,8140$64.86$2.91
Jul 2025Diamondback E&P6,2676,15839,90239,3130$68.39$3.20
Jun 2025Diamondback E&P1,1721,18314,75514,4970$68.17$3.02
May 2025Diamondback E&P1,7901,84526,66626,2840$62.17$3.12
Apr 2025Diamondback E&P2,8322,94542,23941,5250$63.54$3.42
Mar 2025Diamondback E&P6,7586,81851,49050,8010$68.24$4.12
Feb 2025Diamondback E&P6,9706,88660,84460,3190$71.53$4.19
Jan 2025Diamondback E&P8,1668,06162,68762,2300$75.74$4.13
Dec 2024Diamondback E&P4,3274,38141,90241,6140$70.12$3.01
Nov 2024Diamondback E&P7,6117,68857,12255,4371,275$69.95$2.12
Oct 2024Diamondback E&P9,0289,01665,00164,5380$71.99$2.20
Sep 2024Diamondback E&P10,72810,65267,99867,4700$70.24$2.28
Aug 2024Diamondback E&P6,8806,92739,82839,5260$76.68$1.99
Jul 2024Diamondback E&P9,1339,05234,55234,2780$81.80$2.07
Jun 2024Diamondback E&P4,5004,52715,58615,4370$79.77$2.54
May 2024Diamondback E&P7,2457,26533,03432,4240$80.02$2.12
Apr 2024Diamondback E&P7,7587,80642,85242,2520$85.35$1.60
Mar 2024Diamondback E&P14,36314,43366,18565,5650$81.28$1.49
Feb 2024Diamondback E&P8,1828,09624,94924,6090$77.25$1.72
Jan 2024Diamondback E&P9,6979,67934,16433,46678$74.15$3.18
Dec 2023Diamondback E&P11,94711,97739,63539,0150$71.90$2.52
Nov 2023Diamondback E&P12,64012,61140,26139,6650$77.69$2.71
Oct 2023Diamondback E&P17,96317,93648,21847,5980$85.64$2.98
Sep 2023Diamondback E&P12,84912,85734,47633,781160$89.43$2.64
Aug 2023Diamondback E&P16,31516,28547,16446,5440$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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Nearby

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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