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Texas oil lease

Producing

STRAIN RANCH 24-25

Strain Ranch 24-25 is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

3 wells

7,527bbl oil, last 12 months−70% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-50998

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
93,858 mcf
Oil in Jul 2026
325 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.

See why checks stop on this lease

Production by month

Oil output fell 70% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 70% over the last 12 monthsMonthly oil production and gas for STRAIN RANCH 24-25, Aug 2023 to Jul 2026. Oil output fell 70% over the last 12 months. 7,527 bbl in the 12 months through Jul 2026, against 24,778 bbl in the 12 months before.Last 12 months: 7,527 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 70% over the last 12 monthsMonthly oil production and gas for STRAIN RANCH 24-25, Aug 2023 to Jul 2026. Oil output fell 70% over the last 12 months. 7,527 bbl in the 12 months through Jul 2026, against 24,778 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

90% of the gas went to a processing plant in the last 12 months

Flaring peaked at 54.0% of the gas in Feb 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
90% of the gas went to a processing plant in the last 12 monthsShare of STRAIN RANCH 24-25 gas by disposition code each month, Aug 2023 to Jul 2026. 90% of the gas went to a processing plant in the last 12 months. Flaring peaked at 54.0% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 54.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
90% of the gas went to a processing plant in the last 12 monthsShare of STRAIN RANCH 24-25 gas by disposition code each month, Aug 2023 to Jul 2026. 90% of the gas went to a processing plant in the last 12 months. Flaring peaked at 54.0% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 54.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    90% · 84,377 mcf

  • Lease fuel (1)

    9.3% · 8,719 mcf

  • Flared (4)

    0.8% · 762 mcf

0.8% of the gas flared in the last 12 months. 8 months above 3%.

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 24-25
API numberWell no.Status
42-317-410064315HActive
42-317-410072815HActive
42-317-410114215HActive

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,llcOilGathers100May 8, 2018Feb 1, 2025
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 gasGathers100May 8, 2018Jan 1, 2022
Wtg Gas Processing, L.p.Casinghead gasBuys100May 8, 2018Jan 1, 2022

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

Who buys my oilOil price check

643.60 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 Strain Ranch 24-25
API numberWell no.Acreson the permit
42-317-410072815H643.60
42-317-410114215H643.60
42-317-410064315H643.60

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for STRAIN RANCH 24-25
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pioneer Natural3253937,9127,0880$80.46$2.89
Jun 2026Pioneer Natural5863677,1776,3950$84.81$3.15
May 2026Pioneer Natural3425607,1926,3700$102.13$2.94
Apr 2026Pioneer Natural2903006,5465,7490$100.32$2.77
Mar 2026Pioneer Natural3282766,7436,0380$91.38$3.04
Feb 2026Pioneer Natural161545,7534,423693$64.51$3.62
Jan 2026Pioneer Natural1561575,2714,5940$60.04$7.72
Dec 2025Pioneer Natural3974385,3974,7040$57.97$4.26
Nov 2025Pioneer Natural1,2381,46910,3939,7260$60.06$3.79
Oct 2025Pioneer Natural1,2741,66810,95710,20169$60.89$3.19
Sep 2025Pioneer Natural9828539,4688,7090$63.96$2.97
Aug 2025Pioneer Natural1,4481,43811,04910,3800$64.86$2.91
Jul 2025Pioneer Natural2,0311,81312,90812,1490$68.39$3.20
Jun 2025Pioneer Natural2,0822,47512,88112,1180$68.17$3.02
May 2025Pioneer Natural1,8591,65912,74812,0010$62.17$3.12
Apr 2025Pioneer Natural1,3581,6919,2548,53167$63.54$3.42
Mar 2025Pioneer Natural2,4981,86410,1807,7731,677$68.24$4.12
Feb 2025Pioneer Natural1,9322,10010,2679,56830$71.53$4.19
Jan 2025Pioneer Natural1,9251,93811,68510,8970$75.74$4.13
Dec 2024Pioneer Natural1,8341,86612,43211,6480$70.12$3.01
Nov 2024Pioneer Natural2,3872,24112,1799,7951,620$69.95$2.12
Oct 2024Pioneer Natural2,4572,51213,69612,9040$71.99$2.20
Sep 2024Pioneer Natural2,1372,10512,57311,8280$70.24$2.28
Aug 2024Pioneer Natural2,2782,16512,82311,931109$76.68$1.99
Jul 2024Pioneer Natural1,8301,98611,28110,48525$81.80$2.07
Jun 2024Pioneer Natural3,5213,11113,97212,489750$79.77$2.54
May 2024Pioneer Natural5,2805,66017,49316,500202$80.02$2.12
Apr 2024Pioneer Natural5,4115,27017,11916,29062$85.35$1.60
Mar 2024Pioneer Natural4,9715,17816,3257,5138,070$81.28$1.49
Feb 2024Pioneer Natural5,6415,54815,5386,4248,391$77.25$1.72
Jan 2024Pioneer Natural3,7993,75214,40613,271425$74.15$3.18
Dec 2023Pioneer Natural4,9445,60016,24615,177278$71.90$2.52
Nov 2023Pioneer Natural4,7664,86814,49011,6012,160$77.69$2.71
Oct 2023Pioneer Natural6,0755,62213,82913,1460$85.64$2.98
Sep 2023Pioneer Natural4,6824,43112,13611,313110$89.43$2.64
Aug 2023Pioneer Natural6,0406,40416,09414,410897$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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