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Texas oil lease

Producing

REED 1 B

Reed 1 B is an oil lease in Howard County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

2,754bbl oil, last 12 months−35% vs prior year
Operator
Diamondback E&P LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-51709

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
44,712 mcf
Oil in Jul 2026
417 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 REED 1 B, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 2,754 bbl in the 12 months through Jul 2026, against 4,223 bbl in the 12 months before.Last 12 months: 2,754 bblbbl per monthmcf per month0025010k50020k75030k1,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for REED 1 B, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 2,754 bbl in the 12 months through Jul 2026, against 4,223 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025010k50020k75030k1,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2024 the lease's gas goes to a transmission line instead of other uses

Flaring peaked at 21.1% of the gas in May 2024.

  • Transmission line (2)
  • Other (5 to 8)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of other usesShare of REED 1 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of other uses. Flaring peaked at 21.1% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: other to lineFlared 21.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of other usesShare of REED 1 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of other uses. Flaring peaked at 21.1% of the gas in May 2024.Share of gas by disposition code0%50%100%Apr 24: other to lineFlared 21.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 52,267 mcf

  • Other (5 to 8)

    4.0% · 2,198 mcf

  • Flared (4)

    0.2% · 122 mcf

0.2% of the gas flared in the last 12 months. 8 months above 3%.

1 well on this lease

Wells on REED 1 B
API numberWell no.Status
42-227-388882WAActive

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) CompanyOilGathers50Aug 1, 2024Feb 1, 2025
Wtg Gas Processing, L.p.Casinghead gasGathers100Feb 1, 2023Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys100Feb 1, 2023Aug 1, 2024

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

Who buys my oilOil price check

720.64 acres on the newest permit

An allocation well is on this lease

Permits for Reed 1 B
API numberWell no.Acreson the permit
42-227-388882WA720.64

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 REED 1 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264174107,3775,5250$80.46$2.89
Jun 20262392362,7602,7470$84.81$3.15
May 20262202092,8592,8590$102.13$2.94
Apr 20261111142712680$100.32$2.77
Mar 20261891841,5731,5730$91.38$3.04
Feb 2026108993063060$64.51$3.62
Jan 2026516000$60.04$7.72
Dec 202544522392190$57.97$4.26
Nov 20252932902,9642,6540$60.06$3.79
Oct 20251792504,3904,3900$60.89$3.19
Sep 20254243557,3527,230122$63.96$2.97
Aug 202552552114,62114,6210$64.86$2.91
Jul 20253143529,8759,8750$68.39$3.20
Jun 20255315179,5489,48464$68.17$3.02
May 20252712491,7831,74439$62.17$3.12
Apr 20251771893,8633,8630$63.54$3.42
Mar 20252942835,3954,8350$68.24$4.12
Feb 20252222133,8002,78366$71.53$4.19
Jan 2025681081,0017700$75.74$4.13
Dec 20244644484,1693,673496$70.12$3.01
Nov 20244974885,3535,3530$69.95$2.12
Oct 20245115237,2896,2201,069$71.99$2.20
Sep 20244394357,1877,1870$70.24$2.28
Aug 20244354516,6186,4450$76.68$1.99
Jul 202448146817,33914,4760$81.80$2.07
Jun 202454054423,98019,2720$79.77$2.54
May 202468668131,70417,7596,703$80.02$2.12
Apr 202469870326,88719,2431,616$85.35$1.60
Mar 202477776525,72312,4470$81.28$1.49
Feb 202477378824,99514,758919$77.25$1.72
Jan 202492490625,59517,9700$74.15$3.18
Dec 202389091224,53116,3654,087$71.90$2.52
Nov 202385786622,39518,0480$77.69$2.71
Oct 202396392624,47216,4663,256$85.64$2.98
Sep 202357057119,98816,521306$89.43$2.64
Aug 202357158214,14211,376548$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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This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyHoward County

Diamondback E&P LLC in Howard County

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