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Texas oil lease

Producing

REED 1 G

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

1 well

6,795bbl oil, last 12 months+50% vs prior year
Operator
Diamondback E&P LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-52361

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
196,569 mcf
Oil in Jul 2026
571 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.

See why checks stop on this lease

Production by month

Oil output rose 50% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 50% over the last 12 monthsMonthly oil production and gas for REED 1 G, Aug 2023 to Jul 2026. Oil output rose 50% over the last 12 months. 6,795 bbl in the 12 months through Jul 2026, against 4,526 bbl in the 12 months before.Last 12 months: 6,795 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 50% over the last 12 monthsMonthly oil production and gas for REED 1 G, Aug 2023 to Jul 2026. Oil output rose 50% over the last 12 months. 6,795 bbl in the 12 months through Jul 2026, against 4,526 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 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 G 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 G 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% · 188,432 mcf

  • Other (5 to 8)

    4.1% · 7,994 mcf

  • Flared (4)

    0.1% · 143 mcf

0.1% of the gas flared in the last 12 months. 8 months above 3%.

1 well on this lease

Wells on REED 1 G
API numberWell no.Status
42-227-396874LSActive

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,llcOilGathers50Feb 1, 2023Feb 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

641.49 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Reed 1 G
API numberWell no.Acreson the permit
42-227-396874LS641.49

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 REED 1 G
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202657157818,70414,0090$80.46$2.89
Jun 202648048719,20319,1100$84.81$3.15
May 202655856221,24321,2430$102.13$2.94
Apr 202659958623,89023,6640$100.32$2.77
Mar 202666065722,80622,8060$91.38$3.04
Feb 202653554718,22118,2210$64.51$3.62
Jan 202659768416,49916,4990$60.04$7.72
Dec 202556845916,69815,2730$57.97$4.26
Nov 202556557214,87513,3200$60.06$3.79
Oct 20254595409,7639,7630$60.89$3.19
Sep 20256014988,6188,475143$63.96$2.97
Aug 20256026156,0496,0490$64.86$2.91
Jul 20257737998,3268,3260$68.39$3.20
Jun 20256126547,2917,24249$68.17$3.02
May 202573166610,31610,091225$62.17$3.12
Apr 20254063927,4707,4700$63.54$3.42
Mar 20252392299,1008,1550$68.24$4.12
Feb 20251601705,7824,234100$71.53$4.19
Jan 20251861955,7754,4420$75.74$4.13
Dec 20243072915,1554,542613$70.12$3.01
Nov 20242542534,4474,4470$69.95$2.12
Oct 20243383459,5058,1111,394$71.99$2.20
Sep 20242732698,4098,4090$70.24$2.28
Aug 20242472598,8068,5760$76.68$1.99
Jul 20243073059,1587,6460$81.80$2.07
Jun 20244504599,2367,4230$79.77$2.54
May 202466265312,7247,1282,690$80.02$2.12
Apr 202457658510,3347,396621$85.35$1.60
Mar 202475874511,5055,5670$81.28$1.49
Feb 20247017035,9873,535220$77.25$1.72
Jan 202457356910,0167,0320$74.15$3.18
Dec 20238348679,7256,4881,620$71.90$2.52
Nov 20231,0321,03110,1758,2000$77.69$2.71
Oct 20239509248,7805,9081,168$85.64$2.98
Sep 20239579659,4367,799145$89.43$2.64
Aug 20231,1601,1669,3217,498361$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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