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Texas oil lease

Producing

RHODES -16A-

Rhodes -16A- is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

2,558bbl oil, last 12 months+19% vs prior year
RRC lease
08-43697

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
2,231 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from Pbex Operations, LLC in May 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 20% 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 rose 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 19% over the last 12 monthsMonthly oil production and gas for RHODES -16A-, Aug 2023 to Jul 2026. Oil output rose 19% over the last 12 months. 2,558 bbl in the 12 months through Jul 2026, against 2,149 bbl in the 12 months before.Last 12 months: 2,558 bblbbl per monthmcf per month00100100200200300300400400500500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 19% over the last 12 monthsMonthly oil production and gas for RHODES -16A-, Aug 2023 to Jul 2026. Oil output rose 19% over the last 12 months. 2,558 bbl in the 12 months through Jul 2026, against 2,149 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

Over 99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Jun 2025.

  • Transmission line (2)
  • Flared (4)
Over 99% of the gas went to a transmission line in the last 12 monthsShare of RHODES -16A- gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a transmission line in the last 12 monthsShare of RHODES -16A- gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2025.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)

    100% · 2,298 mcf

  • Flared (4)

    0.4% · 10 mcf

0.4% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in May 2025

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jun 2024; Pbex Operations, LLC, Jul 2024 to Apr 2025; Diamondback E&P LLC, May 2025 to Jul 20262020202120222023202420252026Changed Jul 2024Changed May 2025Diamondback E&P LLCJan 2020 to Jun 2024Pbex Operations, LLCJul 2024 to Apr 2025Diamondback E&P LLCMay 2025 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jun 2024; Pbex Operations, LLC, Jul 2024 to Apr 2025; Diamondback E&P LLC, May 2025 to Jul 20262020202120222023202420252026Changed Jul 2024Changed May 2025Diamondback E&P LLCJan 2020 to Jun 2024Pbex Operations, LLCJul 2024 to Apr 2025Diamondback E&P LLCMay 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on RHODES -16A-
API numberWell no.Status
42-317-371281Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Lpc Crude Iii, LLCOilGathers100Dec 1, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Dec 1, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 1, 2021–
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Oct 1, 2015Dec 1, 2021
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Oct 1, 2015Dec 1, 2021
Eastex Crude CompanyOilGathers50Oct 1, 2015Dec 1, 2021
Shell Trading (Us) CompanyOilGathers50Oct 1, 2015Dec 1, 2021

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

24 acres on the newest permit

  • 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 Rhodes -16A-
API numberWell no.Acreson the permit
42-317-37128124

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

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 RHODES -16A-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P00000$80.46$2.89
Jun 2026Diamondback E&P00000$84.81$3.15
May 2026Diamondback E&P1121641931930$102.13$2.94
Apr 2026Diamondback E&P2793464864860$100.32$2.77
Mar 2026Diamondback E&P2893393403400$91.38$3.04
Feb 2026Diamondback E&P3331713043040$64.51$3.62
Jan 2026Diamondback E&P3043332542540$60.04$7.72
Dec 2025Diamondback E&P2963431821820$57.97$4.26
Nov 2025Diamondback E&P3543461871870$60.06$3.79
Oct 2025Diamondback E&P2623501311310$60.89$3.19
Sep 2025Diamondback E&P3291771541540$63.96$2.97
Aug 2025Diamondback E&P00000$64.86$2.91
Jul 2025Diamondback E&P13515440400$68.39$3.20
Jun 2025Diamondback E&P18163303$68.17$3.02
May 2025Diamondback E&P155034277$62.17$3.12
Apr 2025Pbex Operations,4035145450$63.54$3.42
Mar 2025Pbex Operations,1421681331330$68.24$4.12
Feb 2025Pbex Operations,31601311310$71.53$4.19
Jan 2025Pbex Operations,1593432022020$75.74$4.13
Dec 2024Pbex Operations,2711622502500$70.12$3.01
Nov 2024Pbex Operations,18430099990$69.95$2.12
Oct 2024Pbex Operations,27116199990$71.99$2.20
Sep 2024Pbex Operations,17531753530$70.24$2.28
Aug 2024Pbex Operations,2831662032030$76.68$1.99
Jul 2024Pbex Operations,291297000$81.80$2.07
Jun 2024Diamondback E&P2371702522520$79.77$2.54
May 2024Diamondback E&P2381712742740$80.02$2.12
Apr 2024Diamondback E&P1933252512510$85.35$1.60
Mar 2024Diamondback E&P2201552532530$81.28$1.49
Feb 2024Diamondback E&P2191612252250$77.25$1.72
Jan 2024Diamondback E&P2312992362360$74.15$3.18
Dec 2023Diamondback E&P2381771951950$71.90$2.52
Nov 2023Diamondback E&P2142802782780$77.69$2.71
Oct 2023Diamondback E&P2231482982980$85.64$2.98
Sep 2023Diamondback E&P2193433033030$89.43$2.64
Aug 2023Diamondback E&P2491593573570$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

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) field

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