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Producing

RAINBOW STATE 33-70

Rainbow State 33-70 is an oil lease in Loving County, Texas, operated by TRP Operating LLC in the Two Georges (Bone Spring) field.

4 wells

5,350bbl oil, last 12 months−54% vs prior year
Operator
TRP Operating LLC
County
Loving County
Field
Two Georges (Bone Spring)
RRC lease
08-42303

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
12,492 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: TRP Operating LLC took over from Diamondback E&P LLC in Feb 2025.

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

  • Sales

    Sales over the last 3 months fell to 21% of the 9 months before.

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

See why checks stop on this lease

Production by month

Oil output fell 54% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 54% over the last 12 monthsMonthly oil production and gas for RAINBOW STATE 33-70, Aug 2023 to Jul 2026. Oil output fell 54% over the last 12 months. 5,350 bbl in the 12 months through Jul 2026, against 11,666 bbl in the 12 months before.Last 12 months: 5,350 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 54% over the last 12 monthsMonthly oil production and gas for RAINBOW STATE 33-70, Aug 2023 to Jul 2026. Oil output fell 54% over the last 12 months. 5,350 bbl in the 12 months through Jul 2026, against 11,666 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 3.0% of the gas in Mar 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of RAINBOW STATE 33-70 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 3.0% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2025: line to plantFlared 3.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of RAINBOW STATE 33-70 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 3.0% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Nov 25: line to plantFlared 3.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    89% · 20,517 mcf

  • Transmission line (2)

    11% · 2,446 mcf

  • Flared (4)

    0.2% · 45 mcf

0.2% 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 Feb 2025

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jan 2025; TRP Operating LLC, Feb 2025 to Jul 20262020202120222023202420252026Changed Feb 2025Diamondback E&P LLCJan 2020 to Jan 2025TRP Operating LLCFeb 2025 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jan 2025; TRP Operating LLC, Feb 2025 to Jul 20262020202120222023202420252026Changed Feb 2025Diamondback E&P LLCJan 2020 to Jan 2025TRP Operating LLCFeb 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on RAINBOW STATE 33-70
API numberWell no.Status
42-301-315881Active
42-301-317132HActive
42-301-318243Active
42-301-318264HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers34Feb 1, 2025–
Energy Transfer CompanyOilGathers33Feb 1, 2025–
Plains Pipeline L.p.OilGathers33Feb 1, 2025–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015–
Energy Transfer CompanyOilGathers50Nov 4, 2015Feb 1, 2025
Plains Marketing, L.p.OilGathers25Nov 4, 2015Feb 1, 2025
Plains Pipeline L.p.OilGathers25Nov 4, 2015Feb 1, 2025

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

Who buys my oilOil price check

640 acres on the newest permit

  • Good to know

    8 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Rainbow State 33-70
API numberWell no.Acreson the permit
42-301-318243640
42-301-318243H640
42-301-318264640
42-301-318264H640
42-301-317132640
42-301-317132H640
42-301-315881640
42-301-315881H640

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for RAINBOW STATE 33-70
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026TRP Operating00000$80.46$2.89
Jun 2026TRP Operating00000$84.81$3.15
May 2026TRP Operating3343511,1281,1280$102.13$2.94
Apr 2026TRP Operating00000$100.32$2.77
Mar 2026TRP Operating55945649548015$91.38$3.04
Feb 2026TRP Operating6225871,0171,0170$64.51$3.62
Jan 2026TRP Operating5626008278270$60.04$7.72
Dec 2025TRP Operating7167271,3271,29730$57.97$4.26
Nov 2025TRP Operating1,0139752,5662,5660$60.06$3.79
Oct 2025TRP Operating5066601,8171,8170$60.89$3.19
Sep 2025TRP Operating2761696296290$63.96$2.97
Aug 2025TRP Operating7627532,6862,6860$64.86$2.91
Jul 2025TRP Operating1,0961,0554,3524,3520$68.39$3.20
Jun 2025TRP Operating1,0741,0934,0494,0490$68.17$3.02
May 2025TRP Operating5436702,1152,1150$62.17$3.12
Apr 2025TRP Operating6736484,4544,4540$63.54$3.42
Mar 2025TRP Operating8439764,3004,3000$68.24$4.12
Feb 2025TRP Operating1,1358393,4933,4930$71.53$4.19
Jan 2025Diamondback E&P1,0841,0841,3081,3080$75.74$4.13
Dec 2024Diamondback E&P9889532,3902,3900$70.12$3.01
Nov 2024Diamondback E&P6578411,1551,1550$69.95$2.12
Oct 2024Diamondback E&P9848052,5532,5530$71.99$2.20
Sep 2024Diamondback E&P1,1261,1342,3832,3830$70.24$2.28
Aug 2024Diamondback E&P1,4631,4412,9312,9310$76.68$1.99
Jul 2024Diamondback E&P1,0431,0322,8812,8810$81.80$2.07
Jun 2024Diamondback E&P1,2471,1622,3222,3220$79.77$2.54
May 2024Diamondback E&P9739921,7981,7980$80.02$2.12
Apr 2024Diamondback E&P1,1181,1842,2962,2960$85.35$1.60
Mar 2024Diamondback E&P1,1081,2051,9601,9600$81.28$1.49
Feb 2024Diamondback E&P8787901,0971,0970$77.25$1.72
Jan 2024Diamondback E&P1,0471,0431,9721,9720$74.15$3.18
Dec 2023Diamondback E&P3694118748740$71.90$2.52
Nov 2023Diamondback E&P1,5841,5404,3714,3710$77.69$2.71
Oct 2023Diamondback E&P1,7931,9255,9055,9050$85.64$2.98
Sep 2023Diamondback E&P1,7551,6914,3964,3960$89.43$2.64
Aug 2023Diamondback E&P1,1441,1373,1233,04974$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

OperatorTRP Operating LLCFieldTwo Georges (Bone Spring)CountyLoving County

TRP Operating LLC in Loving County

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Two Georges (Bone Spring) field

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