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Texas oil lease

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SALE RANCH 28O

Sale Ranch 28O is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

2,963bbl oil, last 12 months−59% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-47583

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
14,962 mcf
Oil in Jul 2026
176 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC NORTH PERMIAN MIDSTREAM 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.

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Production by month

Oil output fell 59% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 59% over the last 12 monthsMonthly oil production and gas for SALE RANCH 28O, Aug 2023 to Jul 2026. Oil output fell 59% over the last 12 months. 2,963 bbl in the 12 months through Jul 2026, against 7,252 bbl in the 12 months before.Last 12 months: 2,963 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 59% over the last 12 monthsMonthly oil production and gas for SALE RANCH 28O, Aug 2023 to Jul 2026. Oil output fell 59% over the last 12 months. 2,963 bbl in the 12 months through Jul 2026, against 7,252 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

86% of the gas went to a processing plant in the last 12 months

Flaring peaked at 24.5% of the gas in Sep 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
86% of the gas went to a processing plant in the last 12 monthsShare of SALE RANCH 28O gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a processing plant in the last 12 months. Flaring peaked at 24.5% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 24.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
86% of the gas went to a processing plant in the last 12 monthsShare of SALE RANCH 28O gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a processing plant in the last 12 months. Flaring peaked at 24.5% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 24.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    86% · 12,816 mcf

  • Lease fuel (1)

    13% · 1,987 mcf

  • Flared (4)

    1.1% · 159 mcf

1.1% of the gas flared in the last 12 months. 8 months above 3%.

1 well on this lease

Wells on SALE RANCH 28O
API numberWell no.Status
42-317-4029015HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Jan 1, 2022–
Etp Crude LLCOilGathers50Jan 1, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
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 gasGathers100Feb 18, 2016Jan 1, 2022
Wtg Gas Processing, L.p.Casinghead gasBuys100Nov 1, 2016Jan 1, 2022
Energy Trans Crude Marketing LLCOilGathers25Jul 1, 2021Jan 1, 2022

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

Who buys my oilOil price check

1,637.60 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 Sale Ranch 28O
API numberWell no.Acreson the permit
42-317-4029015H1,637.60

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

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36 months, newest first

Ledger for SALE RANCH 28O
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261761831,2611,0959$80.46$2.89
Jun 20262452351,6451,4690$84.81$3.15
May 20261161301,02382830$102.13$2.94
Apr 20262952931,6061,3895$100.32$2.77
Mar 20263333301,5241,24950$91.38$3.04
Feb 20262592651,2481,0719$64.51$3.62
Jan 20262622601,07188323$60.04$7.72
Dec 20253783721,4581,25216$57.97$4.26
Nov 20253203241,13097112$60.06$3.79
Oct 20251511419528171$60.89$3.19
Sep 202586966425590$63.96$2.97
Aug 20253423411,4021,2334$64.86$2.91
Jul 202525925988273843$68.39$3.20
Jun 20253964051,4901,31321$68.17$3.02
May 20255535471,4401,2870$62.17$3.12
Apr 20254474521,0689538$63.54$3.42
Mar 20256326411,3541,2124$68.24$4.12
Feb 20256736698818030$71.53$4.19
Jan 20258168161,1311,0156$75.74$4.13
Dec 202457557591674980$70.12$3.01
Nov 2024465462900657147$69.95$2.12
Oct 20248438591,2511,12111$71.99$2.20
Sep 20248268191,199788294$70.24$2.28
Aug 20247677641,03387562$76.68$1.99
Jul 20247907761,1371,0320$81.80$2.07
Jun 20244044091,3991,2680$79.77$2.54
May 20245715681,4771,3370$80.02$2.12
Apr 20245095171,3941,2600$85.35$1.60
Mar 20245455539878863$81.28$1.49
Feb 202459960391377643$77.25$1.72
Jan 202462063171762312$74.15$3.18
Dec 20238218221,6521,4735$71.90$2.52
Nov 20231,1291,1431,9351,7464$77.69$2.71
Oct 20231,3721,3962,2652,0492$85.64$2.98
Sep 20231,2021,1321,7211,52427$89.43$2.64
Aug 20234744701,6881,423110$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

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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