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Texas oil lease

Producing

STATE NEAL LETHCO 29-28 C

State Neal Lethco 29-28 C is an oil lease in Pecos County, Texas, operated by Diamondback E&P LLC in the Phantom (Wolfcamp) field.

2 wells

16,787bbl oil, last 12 months−7% vs prior year
Operator
Diamondback E&P LLC
County
Pecos County
Field
Phantom (Wolfcamp)
RRC lease
08-53530

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
87,962 mcf
Oil in Jul 2026
1,200 bbl

Production by month

Oil output fell 7% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for STATE NEAL LETHCO 29-28 C, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 16,787 bbl in the 12 months through Jul 2026, against 18,036 bbl in the 12 months before.Last 12 months: 16,787 bblbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for STATE NEAL LETHCO 29-28 C, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 16,787 bbl in the 12 months through Jul 2026, against 18,036 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kJan 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 12.9% of the gas in Jan 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a transmission line in the last 12 monthsShare of STATE NEAL LETHCO 29-28 C 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 12.9% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 12.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of STATE NEAL LETHCO 29-28 C 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 12.9% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Flared 12.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 82,842 mcf

  • Lease fuel (1)

    3.7% · 3,287 mcf

  • Flared (4)

    2.1% · 1,833 mcf

2.1% of the gas flared in the last 12 months. 8 months above 3%.

2 wells on this lease

Wells on STATE NEAL LETHCO 29-28 C
API numberWell no.Status
42-301-341271Shut-in
42-371-399083WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Diamondback E&P LLCOilGathers50Jun 2, 2019–
Eastex Crude CompanyOilGathers50Feb 1, 2023–
Brazos Midstream Operating, LLCCasinghead gasBuys100Jun 2, 2019–
Brazos Midstream Operating, LLCCasinghead gasGathers100Jun 2, 2019–
Eastex Crude Company, LLCOilGathers50Jan 1, 2023Feb 1, 2023
Eastex Crude CompanyOilGathers50Nov 20, 2020Jan 1, 2023
Pilot Travel Centers LLCOilGathers50Jun 2, 2019Nov 20, 2020

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

Who buys my oilOil price check

10 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.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 10 and 1,282.88 acres. Use the acres from your own division order for the well you are paid on.

  • 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 State Neal Lethco 29-28 C
API numberWell no.Acreson the permit
42-301-34127110
42-371-399083WA1,282.88

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 STATE NEAL LETHCO 29-28 C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,2001,1877,8986,995601$80.46$2.89
Jun 20261,1401,1615,9915,7540$84.81$3.15
May 20261,6901,7098,0107,6850$102.13$2.94
Apr 20261,3481,3115,8565,6310$100.32$2.77
Mar 20261,4211,4435,2095,0710$91.38$3.04
Feb 20269569737,4997,085205$64.51$3.62
Jan 20261,6041,9076,8265,672883$60.04$7.72
Dec 20251,6771,34610,1169,8450$57.97$4.26
Nov 20251,5211,4859,9839,7080$60.06$3.79
Oct 20259691,1015,3695,1110$60.89$3.19
Sep 20251,5441,4787,8667,4780$63.96$2.97
Aug 20251,7171,7297,3396,807144$64.86$2.91
Jul 20251,4241,3676,0995,71143$68.39$3.20
Jun 20251,5791,5838,6598,1770$68.17$3.02
May 20251,6101,6877,0326,71357$62.17$3.12
Apr 20251,5271,4735,6735,4610$63.54$3.42
Mar 20251,6311,6016,2785,888194$68.24$4.12
Feb 20251,3101,3338,0917,533318$71.53$4.19
Jan 20251,4661,4229,1658,8540$75.74$4.13
Dec 20241,5461,6428,9168,5560$70.12$3.01
Nov 20241,7761,7467,6557,3700$69.95$2.12
Oct 20241,3521,3328,9408,6310$71.99$2.20
Sep 20241,4721,4598,0177,64476$70.24$2.28
Aug 20241,3431,3357,3687,0930$76.68$1.99
Jul 20241,1531,1937,9677,459187$81.80$2.07
Jun 20241,0331,0384,6263,724471$79.77$2.54
May 20241,4231,4636,6755,832431$80.02$2.12
Apr 20241,3901,3719,2068,8110$85.35$1.60
Mar 20241,6651,69410,2859,9710$81.28$1.49
Feb 20241,7021,6689,5119,13254$77.25$1.72
Jan 20242,0082,1069,7289,4020$74.15$3.18
Dec 20232,2412,0846,5016,2900$71.90$2.52
Nov 20231,1341,2594,2463,859198$77.69$2.71
Oct 20231,8011,6397,6427,3250$85.64$2.98
Sep 20231,3711,3886,1555,753230$89.43$2.64
Aug 20231,4951,4875,8825,7000$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 LLCFieldPhantom (Wolfcamp)CountyPecos County

Diamondback E&P LLC in Pecos County

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Phantom (Wolfcamp) field

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