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Texas oil lease

Producing

SMITH SN 48-37 02

Smith SN 48-37 02 is an oil lease in Howard County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

3 wells

11,560bbl oil, last 12 months−44% vs prior year
Operator
Diamondback E&P LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-45870

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
68,739 mcf
Oil in Jul 2026
1,191 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 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 SMITH SN 48-37 02, Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 11,560 bbl in the 12 months through Jul 2026, against 20,681 bbl in the 12 months before.Last 12 months: 11,560 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for SMITH SN 48-37 02, Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 11,560 bbl in the 12 months through Jul 2026, against 20,681 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a transmission line in the last 12 months

Flaring peaked at 29.5% of the gas in May 2024.

  • Transmission line (2)
  • Other (5 to 8)
  • Flared (4)
94% of the gas went to a transmission line in the last 12 monthsShare of SMITH SN 48-37 02 gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 29.5% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 29.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of SMITH SN 48-37 02 gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 29.5% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 29.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 64,538 mcf

  • Other (5 to 8)

    5.8% · 4,002 mcf

  • Flared (4)

    0.3% · 199 mcf

0.3% of the gas flared in the last 12 months. 7 months above 3%.

3 wells on this lease

Wells on SMITH SN 48-37 02
API numberWell no.Status
42-227-37811101HActive
42-227-38344202HActive
42-227-38392502HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Aug 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, LLCCasinghead gasGathers100Jan 1, 2023Aug 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Jan 1, 2023Aug 1, 2024
Eastex Crude Company, LLCOilGathers50Jan 1, 2023Aug 1, 2024
Shell Trading (Us) CompanyOilGathers50Oct 1, 2015Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100Apr 14, 2014Jan 1, 2023

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

Who buys my oilOil price check

800 acres on the newest permit

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives 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 Smith SN 48-37 02
API numberWell no.Acreson the permit
42-227-38392502H800
42-227-38344202H800
42-227-37811101H800
42-227-37811102H800

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 SMITH SN 48-37 02
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,1911,1283,8243,651173$80.46$2.89
Jun 20264825792,1131,8440$84.81$3.15
May 20267417103,8793,6140$102.13$2.94
Apr 20266495222,5122,5111$100.32$2.77
Mar 20262172401,8691,7170$91.38$3.04
Feb 20267637676,0325,2890$64.51$3.62
Jan 20267838377,8036,4710$60.04$7.72
Dec 20251,0711,0418,8628,8620$57.97$4.26
Nov 20251,2221,2556,6506,62525$60.06$3.79
Oct 20251,4741,4528,7098,6310$60.89$3.19
Sep 20251,4081,3747,1786,2360$63.96$2.97
Aug 20251,5591,5579,3089,0870$64.86$2.91
Jul 20251,3171,31410,39010,1290$68.39$3.20
Jun 20254274813,4723,1660$68.17$3.02
May 20251,2091,2399,2098,4510$62.17$3.12
Apr 20251,9872,0039,5668,7290$63.54$3.42
Mar 20252,0742,0409,4999,4710$68.24$4.12
Feb 20251,9602,03910,30210,3020$71.53$4.19
Jan 20252,3262,29214,08114,0810$75.74$4.13
Dec 20242,4852,50724,76818,6351,015$70.12$3.01
Nov 20242,2022,13622,76717,4300$69.95$2.12
Oct 20242,5252,50814,18713,2220$71.99$2.20
Sep 20241,2071,1957,0275,4350$70.24$2.28
Aug 20249629564,6404,6400$76.68$1.99
Jul 20249579618,5548,5540$81.80$2.07
Jun 20241,1401,1379,9939,9930$79.77$2.54
May 20241,1061,1187,3975,2152,182$80.02$2.12
Apr 20241,1021,0895,0264,587439$85.35$1.60
Mar 20241,0591,0755,3875,3870$81.28$1.49
Feb 20241,0371,0557,4677,019448$77.25$1.72
Jan 20241,5291,5547,0257,0250$74.15$3.18
Dec 20231,2971,2855,8795,212667$71.90$2.52
Nov 20231,5291,4976,9026,9020$77.69$2.71
Oct 20231,4181,4215,4325,103329$85.64$2.98
Sep 20231,0511,0005,2965,2960$89.43$2.64
Aug 20235405274,2254,17451$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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