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Texas oil lease

Producing

PHILLIPS 39

Phillips 39 is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

3 wells

4,254bbl oil, last 12 months−35% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-38958

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Where it sits

This county

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

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 PHILLIPS 39, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 4,254 bbl in the 12 months through Jul 2026, against 6,584 bbl in the 12 months before.Last 12 months: 4,254 bblbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for PHILLIPS 39, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 4,254 bbl in the 12 months through Jul 2026, against 6,584 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 21.3% of the gas in May 2024.

  • Transmission line (2)
  • Flared (4)
All of the gas went to a transmission line in the last 12 monthsShare of PHILLIPS 39 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Flaring peaked at 21.3% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 21.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of PHILLIPS 39 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Flaring peaked at 21.3% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 21.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on PHILLIPS 39
API numberWell no.Status
42-317-352602Active
42-317-361653Active
42-317-373044Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Explore Logistics LLCOilGathers100Sep 1, 2023–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, LLCCasinghead gasGathers100Sep 1, 2023Aug 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Sep 1, 2023Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100Dec 1, 2021Sep 1, 2023
Wtg Gas Processing, L.p.Casinghead gasBuys100Dec 1, 2021Sep 1, 2023
Ace Gathering, Inc.OilGathers100Dec 1, 2021Sep 1, 2023

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

Who buys my oilOil price check

258.59 acres on the newest permit

Permits for Phillips 39
API numberWell no.Acreson the permit
42-317-373044258.59
42-317-361653258.59
42-317-352602258.59

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 PHILLIPS 39
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026252183000$80.46$2.89
Jun 2026363356000$84.81$3.15
May 202683184000$102.13$2.94
Apr 2026640584000$100.32$2.77
Mar 2026396374000$91.38$3.04
Feb 2026277375000$64.51$3.62
Jan 2026381344000$60.04$7.72
Dec 2025570557000$57.97$4.26
Nov 2025614558000$60.06$3.79
Oct 2025416364000$60.89$3.19
Sep 2025143180000$63.96$2.97
Aug 2025119186000$64.86$2.91
Jul 2025140185000$68.39$3.20
Jun 20252563473123120$68.17$3.02
May 20253291672,2222,2220$62.17$3.12
Apr 20252707161,6441,6440$63.54$3.42
Mar 20253401473,1953,1950$68.24$4.12
Feb 20257037382,6532,6530$71.53$4.19
Jan 20257655603,1893,1890$75.74$4.13
Dec 20246256523,3823,3820$70.12$3.01
Nov 20246925693,5903,5900$69.95$2.12
Oct 20247969313,7683,7680$71.99$2.20
Sep 20247977333,7043,7040$70.24$2.28
Aug 20248719053,8413,8410$76.68$1.99
Jul 20249098433,8273,8270$81.80$2.07
Jun 20249311,1183,8173,8170$79.77$2.54
May 20246915314,0253,169856$80.02$2.12
Apr 20249659553,7373,613124$85.35$1.60
Mar 20241,1211,3083,5983,5980$81.28$1.49
Feb 20241,2171,1413,2223,2220$77.25$1.72
Jan 20245235773273270$74.15$3.18
Dec 20237987711,0031,0030$71.90$2.52
Nov 20239661,0895705700$77.69$2.71
Oct 20231,0107371221220$85.64$2.98
Sep 20239311,038000$89.43$2.64
Aug 20231,0031,043000$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

Diamondback E&P LLC in Martin County

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