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Texas oil lease

Producing

SMITH SN 48-37-36 03

Smith SN 48-37-36 03 is an oil lease in Howard County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

2 wells

36,622bbl oil, last 12 months−20% vs prior year
Operator
Diamondback E&P LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-53746

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
214,626 mcf
Oil in Jul 2026
1,683 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.

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Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for SMITH SN 48-37-36 03, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 36,622 bbl in the 12 months through Jul 2026, against 45,713 bbl in the 12 months before.Last 12 months: 36,622 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for SMITH SN 48-37-36 03, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 36,622 bbl in the 12 months through Jul 2026, against 45,713 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a transmission line in the last 12 months

Flaring peaked at 34.4% of the gas in May 2024.

  • Transmission line (2)
  • Other (5 to 8)
  • Flared (4)
93% of the gas went to a transmission line in the last 12 monthsShare of SMITH SN 48-37-36 03 gas by disposition code each month, Aug 2023 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 34.4% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 34.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
93% of the gas went to a transmission line in the last 12 monthsShare of SMITH SN 48-37-36 03 gas by disposition code each month, Aug 2023 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 34.4% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 34.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 200,356 mcf

  • Other (5 to 8)

    6.4% · 13,732 mcf

  • Flared (4)

    0.3% · 538 mcf

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

2 wells on this lease

Wells on SMITH SN 48-37-36 03
API numberWell no.Status
42-227-40064103WAActive
42-227-40067503LSActive

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, L.p.Casinghead gasGathers100Feb 1, 2023Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys100Feb 1, 2023Aug 1, 2024
Eastex Crude CompanyOilGathers10Feb 1, 2023Aug 1, 2024
Nustar Permian Trans and Stg,llcOilGathers80Feb 1, 2023Aug 1, 2024
Shell Trading (Us) CompanyOilGathers10Feb 1, 2023Aug 1, 2024

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

Who buys my oilOil price check

1,040 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for 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 48-37-36 03
API numberWell no.Acreson the permit
42-227-40064103WA1,040
42-227-40067503LS1,040

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 48-37-36 03
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,6831,6786,4836,076407$80.46$2.89
Jun 20261,2381,2857,8036,8110$84.81$3.15
May 20261,0229273,6243,3770$102.13$2.94
Apr 20266396251,2951,2941$100.32$2.77
Mar 20262,3912,42912,37111,3620$91.38$3.04
Feb 20263,6313,69020,13517,6540$64.51$3.62
Jan 20264,5084,71225,59921,2280$60.04$7.72
Dec 20254,9074,68028,53528,5350$57.97$4.26
Nov 20253,8603,93524,50924,379130$60.06$3.79
Oct 20254,2154,14326,79226,5510$60.89$3.19
Sep 20253,8553,77228,15224,4560$63.96$2.97
Aug 20254,6734,69229,32828,6330$64.86$2.91
Jul 20254,7875,00325,92125,2700$68.39$3.20
Jun 20254,4584,44419,75818,0140$68.17$3.02
May 20254,6494,53013,83612,6970$62.17$3.12
Apr 20253,6853,67314,05512,8250$63.54$3.42
Mar 20253,2053,18313,59713,5570$68.24$4.12
Feb 20253,6373,72116,97916,9790$71.53$4.19
Jan 20253,4913,39218,16118,1610$75.74$4.13
Dec 20242,9203,03827,83819,9112,459$70.12$3.01
Nov 20243,8003,69929,24522,3900$69.95$2.12
Oct 20244,6724,78018,22416,9850$71.99$2.20
Sep 20244,2364,10313,30610,2920$70.24$2.28
Aug 20242,1732,2836,3566,3560$76.68$1.99
Jul 20243,9593,96912,01212,0120$81.80$2.07
Jun 20244,5744,58414,62614,6260$79.77$2.54
May 20244,8454,91512,5908,2554,335$80.02$2.12
Apr 20245,0344,97713,52311,7161,807$85.35$1.60
Mar 20244,8854,94412,86712,8670$81.28$1.49
Feb 20244,5784,55212,37010,5951,775$77.25$1.72
Jan 20245,1684,89811,24811,2480$74.15$3.18
Dec 20237028161,6031,229374$71.90$2.52
Nov 20232,4602,4607,2187,2180$77.69$2.71
Oct 20233,1913,2509,3628,0471,315$85.64$2.98
Sep 20233,0032,9669,3229,3220$89.43$2.64
Aug 20233,2873,32510,56010,342218$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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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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