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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 39773

Producing

RICHARDS "45"

Richards "45" is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field. The Railroad Commission shows 2,940 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 3 wells

2,940bbl oil, last 12 months−14% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-39773

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County · RRC district 08Open Martin County →
Oil in Jul 2026
118 bbl
Reporting to the state
since Jan 2020
Wells
3
Data through
Jul 2026

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 14% over the last 12 months

2,940 bbl in the 12 months through Jul 2026, against 3,419 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for RICHARDS "45", Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 2,940 bbl in the 12 months through Jul 2026, against 3,419 bbl in the 12 months before.Last 12 months: 2,940 bblbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for RICHARDS "45", Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 2,940 bbl in the 12 months through Jul 2026, against 3,419 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 39773, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

92% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

  • Processing plant (3)
  • Flared (4)
92% of the gas went to flaring in the last 12 monthsShare of RICHARDS "45" gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
92% of the gas went to flaring in the last 12 monthsShare of RICHARDS "45" gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 39773, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 91.6% of the gas was flared. 14 months went above 3%, which we mark in the ledger below.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in Jan 2025

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

3 wells on this lease

Every well the Railroad Commission links to oil lease 39773 in district 08. The API number is the state’s ID for a well.
Wells on RICHARDS "45"
API numberWell no.Status
42-317-307511Active
42-317-352373Active
42-317-352904Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 39773.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Explore Logistics LLC gathers it.

    100% of it, on the list since Apr 1, 2025

  • Gas from oil wells

    Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it.

    Et Gathering & Processing LLC buys it: 100% of it, on the list since Mar 1, 2026 · Energy Transfer Company gathers it: 100% of it, on the list since Apr 1, 2025

Companies that used to be listed: Etc Gas Processing, LLC (buys it, until Mar 1, 2026); Wtg Gas Processing, L.p. (gathers it, until Apr 1, 2025); Wtg Gas Processing, L.p. (buys it, until Apr 1, 2025); Oasis Transp & Marketing Corp. (gathers it, until Apr 1, 2025).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

320.80 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
31 not plugged
Horizontal
0
First completion
Sep 15, 1972
Latest permit
Jan 19, 2018
Wells and acres on the permits for Richards "45"
API numberWell no.Acreson the permit
42-317-307511320.80
42-317-352904320.80
42-317-352373320.80

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Diamondback Energy, Inc. told investors it received

Diamondback E&P LLC is linked to Diamondback Energy, Inc. (FANG). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

Compare with the price on my stub

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says RICHARDS "45" sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for RICHARDS "45"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Diamondback E&P118176000$80.46$2.89
Jun 2026Diamondback E&P252370000$84.81$3.15
May 2026Diamondback E&P277181000$102.13$2.94
Apr 2026Diamondback E&P277367000$100.32$2.77
Mar 2026Diamondback E&P272183000$91.38$3.04
Feb 2026Diamondback E&P281370000$64.51$3.62
Jan 2026Diamondback E&P190180000$60.04$7.72
Dec 2025Diamondback E&P296179000$57.97$4.26
Nov 2025Diamondback E&P306366000$60.06$3.79
Oct 2025Diamondback E&P128181000$60.89$3.19
Sep 2025Diamondback E&P260182000$63.96$2.97
Aug 2025Diamondback E&P283364000$64.86$2.91
Jul 2025Diamondback E&P357355000$68.39$3.20
Jun 2025Diamondback E&P182184000$68.17$3.02
May 2025Diamondback E&P286182000$62.17$3.12
Apr 2025Diamondback E&P246362000$63.54$3.42
Mar 2025Diamondback E&P300190000$68.24$4.12
Feb 2025Diamondback E&P256374000$71.53$4.19
Jan 2025Diamondback E&P268170000$75.74$4.13
Dec 2024Endeavor Energy277357000$70.12$3.01
Nov 2024Endeavor Energy266178000$69.95$2.12
Oct 2024Endeavor Energy3073712,6941,3471,347$71.99$2.20
Sep 2024Endeavor Energy2621751,30301,303$70.24$2.28
Aug 2024Endeavor Energy4123661,63301,633$76.68$1.99
Jul 2024Endeavor Energy1081774970497$81.80$2.07
Jun 2024Endeavor Energy2963561,28901,289$79.77$2.54
May 2024Endeavor Energy2891741,26501,265$80.02$2.12
Apr 2024Endeavor Energy2503481,09201,092$85.35$1.60
Mar 2024Endeavor Energy2693441,19501,195$81.28$1.49
Feb 2024Endeavor Energy2341831,22801,228$77.25$1.72
Jan 2024Endeavor Energy289348000$74.15$3.18
Dec 2023Endeavor Energy3011741,30301,303$71.90$2.52
Nov 2023Endeavor Energy2793341,22401,224$77.69$2.71
Oct 2023Endeavor Energy2573481,24601,246$85.64$2.98
Sep 2023Endeavor Energy2751711,09301,093$89.43$2.64
Aug 2023Endeavor Energy3173351,38901,389$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • SELF

    0 bbl last 12 months · 0.6 km away

  • RICHARDS "44"

    765 bbl last 12 months · 0.8 km away

  • SELF

    397 bbl last 12 months · 0.9 km away

  • RICHARDS 41

    211 bbl last 12 months · 0.9 km away

  • HOLCOMB '45'

    344 bbl last 12 months · 0.9 km away

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 39773, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.