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Texas oil lease

Producing

STRAIN RANCH 12-1

Strain Ranch 12-1 is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

3 wells

13,399bbl oil, last 12 months−25% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-49216

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
152,502 mcf
Oil in Jul 2026
472 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 25% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for STRAIN RANCH 12-1, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 13,399 bbl in the 12 months through Jul 2026, against 17,780 bbl in the 12 months before.Last 12 months: 13,399 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for STRAIN RANCH 12-1, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 13,399 bbl in the 12 months through Jul 2026, against 17,780 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a processing plant in the last 12 months

Flaring peaked at 11.5% of the gas in Aug 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a processing plant in the last 12 monthsShare of STRAIN RANCH 12-1 gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a processing plant in the last 12 months. Flaring peaked at 11.5% of the gas in Aug 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 11.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
95% of the gas went to a processing plant in the last 12 monthsShare of STRAIN RANCH 12-1 gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a processing plant in the last 12 months. Flaring peaked at 11.5% of the gas in Aug 2024.Share of gas by disposition code0%50%100%Flared 11.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    95% · 144,253 mcf

  • Lease fuel (1)

    5.4% · 8,191 mcf

  • Flared (4)

    0.0% · 58 mcf

Who has run this lease

The operator changed once, most recently in Feb 2021

Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on STRAIN RANCH 12-1
API numberWell no.Status
42-317-408054315HActive
42-317-408062815HActive
42-317-408074215HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Feb 1, 2025–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
Nustar Permian Trans and Stg,llcOilGathers100Aug 24, 2017Feb 1, 2025
Wtg North Permian Midstream LLCCasinghead gasGathers100Jan 1, 2022Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jan 1, 2022Dec 1, 2024
Energy Transfer CompanyCasinghead gasGathers100Aug 24, 2017Jan 1, 2022
Energy Transfer CompanyCasinghead gasBuys100Aug 24, 2017Jan 1, 2022

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

Who buys my oilOil price check

480 acres on the newest permit

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Permits for Strain Ranch 12-1
API numberWell no.Acreson the permit
42-317-408054315H480
42-317-408062815H480
42-317-408074215H480

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

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36 months, newest first

Ledger for STRAIN RANCH 12-1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pioneer Natural4724733,6073,22813$80.46$2.89
Jun 2026Pioneer Natural1,0471,05213,20112,4670$84.81$3.15
May 2026Pioneer Natural1,1591,15912,82611,8860$102.13$2.94
Apr 2026Pioneer Natural1,1581,16213,68512,7530$100.32$2.77
Mar 2026Pioneer Natural1,3391,33613,61812,6620$91.38$3.04
Feb 2026Pioneer Natural8248136,9546,0780$64.51$3.62
Jan 2026Pioneer Natural7378335,5155,0360$60.04$7.72
Dec 2025Pioneer Natural1,2641,29914,63714,0790$57.97$4.26
Nov 2025Pioneer Natural1,4351,41219,50118,8110$60.06$3.79
Oct 2025Pioneer Natural1,3471,33117,64316,9630$60.89$3.19
Sep 2025Pioneer Natural1,2401,25614,79214,2770$63.96$2.97
Aug 2025Pioneer Natural1,3771,37616,52316,01345$64.86$2.91
Jul 2025Pioneer Natural1,0269889,4259,1671$68.39$3.20
Jun 2025Pioneer Natural1,1791,19415,77515,29431$68.17$3.02
May 2025Pioneer Natural1,1551,19411,38310,96858$62.17$3.12
Apr 2025Pioneer Natural7056704,5124,31245$63.54$3.42
Mar 2025Pioneer Natural1,0661,0908,5508,17834$68.24$4.12
Feb 2025Pioneer Natural1,5241,52918,47817,84522$71.53$4.19
Jan 2025Pioneer Natural1,7021,65523,95323,022124$75.74$4.13
Dec 2024Pioneer Natural1,7761,82426,09723,5921,778$70.12$3.01
Nov 2024Pioneer Natural1,7481,77123,33822,7292$69.95$2.12
Oct 2024Pioneer Natural2,0061,98727,38026,478216$71.99$2.20
Sep 2024Pioneer Natural1,8361,82326,24725,54022$70.24$2.28
Aug 2024Pioneer Natural2,0572,06131,20526,9383,582$76.68$1.99
Jul 2024Pioneer Natural1,8311,94627,41026,150480$81.80$2.07
Jun 2024Pioneer Natural2,1522,09730,20129,226103$79.77$2.54
May 2024Pioneer Natural2,4562,39429,94628,99729$80.02$2.12
Apr 2024Pioneer Natural1,7241,73521,42420,7870$85.35$1.60
Mar 2024Pioneer Natural2,8292,85030,36129,4700$81.28$1.49
Feb 2024Pioneer Natural2,1932,20525,11724,3640$77.25$1.72
Jan 2024Pioneer Natural2,7422,72034,29333,3330$74.15$3.18
Dec 2023Pioneer Natural2,5922,58323,85522,8910$71.90$2.52
Nov 2023Pioneer Natural1,9601,99919,38218,81719$77.69$2.71
Oct 2023Pioneer Natural2,9162,95828,02125,4921,677$85.64$2.98
Sep 2023Pioneer Natural2,4142,31624,84923,996113$89.43$2.64
Aug 2023Pioneer Natural2,4512,62526,06624,1881,087$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

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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