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Texas oil lease

Producing

RICHARDS "25"

Richards "25" is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

7 wells

2,465bbl oil, last 12 months−44% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-40259

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
6,526 mcf
Oil in Jul 2026
26 bbl

Production by month

Oil output fell 44% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for RICHARDS "25", Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 2,465 bbl in the 12 months through Jul 2026, against 4,404 bbl in the 12 months before.Last 12 months: 2,465 bblbbl per monthmcf per month002505005001,0007501,5001,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for RICHARDS "25", Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 2,465 bbl in the 12 months through Jul 2026, against 4,404 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505005001,0007501,5001,0002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 57.5% of the gas in Mar 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of RICHARDS "25" gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 57.5% of the gas in Mar 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: plant to fuelFlared 57.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of RICHARDS "25" gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 57.5% of the gas in Mar 2024.Share of gas by disposition code0%50%100%Jul 26: plant to fuelFlared 57.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    78% · 5,066 mcf

  • Lease fuel (1)

    22% · 1,460 mcf

7 wells on this lease

Wells on RICHARDS "25"
API numberWell no.Status
42-317-358443Shut-in
42-317-369081Active
42-317-372324Active
42-317-376476Active
42-317-376485Active
42-317-377452Active
42-317-393337Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ngl Crude Assets and Mktg, LLCOilGathers100Jul 21, 2025–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
Ngl Crude Logistics, LLCOilGathers100Jul 1, 2014Jul 21, 2025
Wtg North Permian Midstream LLCCasinghead gasGathers100Jan 1, 2022Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jan 1, 2022Dec 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100Apr 1, 2015Jan 1, 2022
Wtg Gas Processing, L.p.Casinghead gasBuys100Apr 1, 2015Jan 1, 2022

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

Who buys my oilOil price check

480.40 acres on the newest permit

7 wells are listed on this lease

Permits for Richards "25"
API numberWell no.Acreson the permit
42-317-393337480.40
42-317-377452480.40
42-317-376476480.40
42-317-376485480.40
42-317-372324480.40
42-317-369081480.40
42-317-358443480.40

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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36 months, newest first

Ledger for RICHARDS "25"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026263592281040$80.46$2.89
Jun 20265702961760$84.81$3.15
May 20262401893071830$102.13$2.94
Apr 202631178166460$100.32$2.77
Mar 20269703732490$91.38$3.04
Feb 2026830193810$64.51$3.62
Jan 20261451933872630$60.04$7.72
Dec 20251473735594350$57.97$4.26
Nov 20256453801,0539330$60.06$3.79
Oct 20252483667125880$60.89$3.19
Sep 20252913729268060$63.96$2.97
Aug 20254553421,3261,2020$64.86$2.91
Jul 20253923564763520$68.39$3.20
Jun 20251923804763560$68.17$3.02
May 20253473921,0689440$62.17$3.12
Apr 20255213798227020$63.54$3.42
Mar 20253463829598350$68.24$4.12
Feb 20253593599468340$71.53$4.19
Jan 20255613576455210$75.74$4.13
Dec 20242151776735490$70.12$3.01
Nov 2024760202820$69.95$2.12
Oct 2024251720330100106$71.99$2.20
Sep 20244911884583380$70.24$2.28
Aug 20246536686745500$76.68$1.99
Jul 20246617108327080$81.80$2.07
Jun 20245657011,1351,0150$79.77$2.54
May 20244263683131890$80.02$2.12
Apr 202419602371170$85.35$1.60
Mar 202431235848783280$81.28$1.49
Feb 20248201,08733462156$77.25$1.72
Jan 202470873328351108$74.15$3.18
Dec 20238005547276030$71.90$2.52
Nov 20235597353652450$77.69$2.71
Oct 202386374049333732$85.64$2.98
Sep 20233223504313074$89.43$2.64
Aug 202341736141327712$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

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMartin County

Pioneer Natural Res. USA, Inc. in Martin County

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Spraberry (Trend Area) field

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