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Texas oil lease

Producing

PHILLIPS-HODNETT UNIT

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

3 wells

32,905bbl oil, last 12 months−23% vs prior year
Operator
Diamondback E&P LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-47858

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
375,703 mcf
Oil in Jul 2026
2,122 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

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

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Production by month

Oil output fell 23% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for PHILLIPS-HODNETT UNIT, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 32,905 bbl in the 12 months through Jul 2026, against 42,922 bbl in the 12 months before.Last 12 months: 32,905 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for PHILLIPS-HODNETT UNIT, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 32,905 bbl in the 12 months through Jul 2026, against 42,922 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

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

Flaring peaked at 100.0% of the gas in Jun 2024.

  • Transmission line (2)
  • Flared (4)
97% of the gas went to a transmission line in the last 12 monthsShare of PHILLIPS-HODNETT UNIT 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. Flaring peaked at 100.0% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a transmission line in the last 12 monthsShare of PHILLIPS-HODNETT UNIT 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. Flaring peaked at 100.0% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 364,377 mcf

  • Flared (4)

    3.0% · 11,326 mcf

3.0% of the gas flared in the last 12 months. 20 months above 3%.

3 wells on this lease

Wells on PHILLIPS-HODNETT UNIT
API numberWell no.Status
42-227-386641LSActive
42-227-386651WAActive
42-227-386661WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Et-S Permian Pipeline Company LlOilGathers100Mar 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Energy Transfer CompanyOilGathers100Feb 1, 2025Mar 1, 2026
Nustar Permian Trans and Stg,llcOilGathers50Aug 1, 2024Feb 1, 2025
Shell Trading (Us) CompanyOilGathers50Jan 1, 2023Feb 1, 2025
Wtg Gas Processing, LLCCasinghead gasGathers100Jan 1, 2023Aug 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Jan 1, 2023Aug 1, 2024

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

Who buys my oilOil price check

480 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Phillips-Hodnett Unit
API numberWell no.Acreson the permit
42-227-386641LS480
42-227-386651WA480
42-227-386661WB480

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 PHILLIPS-HODNETT UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,1222,12137,35335,7621,591$80.46$2.89
Jun 20261,8731,87832,79731,2281,569$84.81$3.15
May 20262,1632,14636,85536,572283$102.13$2.94
Apr 20262,1322,13236,86236,127735$100.32$2.77
Mar 20262,5242,51338,24536,7631,482$91.38$3.04
Feb 20261,8121,84622,14521,395750$64.51$3.62
Jan 20263,5413,50635,16032,9342,226$60.04$7.72
Dec 20253,5203,61428,37928,3790$57.97$4.26
Nov 20252,2272,14220,53720,51918$60.06$3.79
Oct 20253,3853,37829,80328,0181,785$60.89$3.19
Sep 20253,9143,92729,53828,896642$63.96$2.97
Aug 20253,6923,67828,02927,784245$64.86$2.91
Jul 20252,5952,59919,12418,943181$68.39$3.20
Jun 20253,2693,24827,05525,9761,079$68.17$3.02
May 20253,6743,66732,83431,2631,571$62.17$3.12
Apr 20252,2392,26923,10821,4141,694$63.54$3.42
Mar 20252,9012,90123,60122,5791,022$68.24$4.12
Feb 20253,3473,33221,03520,819216$71.53$4.19
Jan 20254,1664,16522,25719,6502,607$75.74$4.13
Dec 20244,5334,54118,59916,6241,975$70.12$3.01
Nov 20243,8773,88812,54811,3141,234$69.95$2.12
Oct 20244,1454,15612,1379,6762,461$71.99$2.20
Sep 20244,2734,24010,05310,0530$70.24$2.28
Aug 20243,9033,9357,5957,430165$76.68$1.99
Jul 20242,4032,4456,6775,876801$81.80$2.07
Jun 20242401533160316$79.77$2.54
May 202400000$80.02$2.12
Apr 20243,5943,63116,79816,513285$85.35$1.60
Mar 20243,5953,57815,40615,32185$81.28$1.49
Feb 20242,4952,5228,4777,570907$77.25$1.72
Jan 20242,9692,93911,43111,111320$74.15$3.18
Dec 20233,3603,35711,4779,4522,025$71.90$2.52
Nov 20233,2753,2748,4248,4240$77.69$2.71
Oct 20234,1194,12310,8749,4351,439$85.64$2.98
Sep 20234,0073,99911,77611,313463$89.43$2.64
Aug 20233,2343,23810,64610,6460$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

This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyHoward County

Diamondback E&P LLC in Howard County

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Spraberry (Trend Area) field

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