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Texas oil lease

Producing

PHILLIPS UNIT

Phillips Unit is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Knott, West (Spraberry) field.

1 well

991bbl oil, last 12 months−31% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Knott, West (Spraberry)
RRC lease
08-38029

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Where it sits

This county

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

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for PHILLIPS UNIT, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 991 bbl in the 12 months through Jul 2026, against 1,431 bbl in the 12 months before.Last 12 months: 991 bblbbl per monthmcf per month00100100200200300300400400500500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for PHILLIPS UNIT, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 991 bbl in the 12 months through Jul 2026, against 1,431 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400500500Jan 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 6 months reported

All of the gas went to a transmission line in the 6 months reportedShare of PHILLIPS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 6 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the 6 months reportedShare of PHILLIPS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 6 months reported.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PHILLIPS UNIT
API numberWell no.Status
42-317-340431Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Explore Logistics LLCOilGathers100Mar 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Explore Logistics LLCOilGathers50Aug 1, 2024Mar 1, 2026
Shell Trading (Us) CompanyOilGathers50Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, LLCCasinghead gasGathers100Sep 1, 2023Aug 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Sep 1, 2023Aug 1, 2024
Explore Logistics LLCOilGathers100Sep 1, 2023Aug 1, 2024

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

Who buys my oilOil price check

80 acres on the newest permit

A pooling certificate was filed

Permits for Phillips Unit
API numberWell no.Acreson the permit
42-317-34043180

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 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20260177000$80.46$2.89
Jun 2026160000$84.81$3.15
May 20261291000$102.13$2.94
Apr 202635171000$100.32$2.77
Mar 2026701000$91.38$3.04
Feb 2026107180000$64.51$3.62
Jan 2026601000$60.04$7.72
Dec 20251091000$57.97$4.26
Nov 2025108183000$60.06$3.79
Oct 2025136184000$60.89$3.19
Sep 2025851000$63.96$2.97
Aug 2025136180000$64.86$2.91
Jul 202599188000$68.39$3.20
Jun 20251341000$68.17$3.02
May 2025104179000$62.17$3.12
Apr 2025124184000$63.54$3.42
Mar 2025960000$68.24$4.12
Feb 2025132170000$71.53$4.19
Jan 2025152188000$75.74$4.13
Dec 2024820000$70.12$3.01
Nov 2024250000$69.95$2.12
Oct 2024140184000$71.99$2.20
Sep 2024139183000$70.24$2.28
Aug 2024204370000$76.68$1.99
Jul 2024750000$81.80$2.07
Jun 20241083000$79.77$2.54
May 2024155183000$80.02$2.12
Apr 2024157165000$85.35$1.60
Mar 202410419015150$81.28$1.49
Feb 20241751641451450$77.25$1.72
Jan 202414701511510$74.15$3.18
Dec 202321719289890$71.90$2.52
Nov 20231723664484480$77.69$2.71
Oct 202324618570700$85.64$2.98
Sep 2023335346000$89.43$2.64
Aug 20231570000$81.39$2.58

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

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This lease belongs to

OperatorDiamondback E&P LLCFieldKnott, West (Spraberry)CountyMartin County

Diamondback E&P LLC in Martin County

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Knott, West (Spraberry) field

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