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Texas oil lease

Producing

TIPPETT "7"

Tippett "7" is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

5 wells

1,900bbl oil, last 12 months−31% vs prior year
RRC lease
08-34401

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
2,255 mcf
Oil in Jul 2026
28 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for TIPPETT "7", Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 1,900 bbl in the 12 months through Jul 2026, against 2,755 bbl in the 12 months before.Last 12 months: 1,900 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for TIPPETT "7", Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 1,900 bbl in the 12 months through Jul 2026, against 2,755 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Oct 2023.

  • Processing plant (3)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of TIPPETT "7" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of TIPPETT "7" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 27 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on TIPPETT "7"
API numberWell no.Status
42-329-331691Active
42-329-332632Active
42-329-333374Active
42-329-333383Active
42-329-392285Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Sep 1, 2026–
Enterprise M B Midstream LLCCasinghead gasBuys100Aug 1, 2025–
Enterprise Products Operating LLCCasinghead gasGathers100Aug 1, 2025–
Midcon Gathering LLCOilGathers100Aug 1, 2025Sep 1, 2026
Oasis Transp & Marketing Corp.OilGathers100Oct 1, 2019Aug 1, 2025
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Mar 1, 2018Oct 1, 2019
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Mar 1, 2018Oct 1, 2019
Cp Energy, L.l.c.OilGathers100Mar 1, 2018Oct 1, 2019

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

323.10 acres on the newest permit

The wells on this lease state different acreage

The permits state between 323.1 and 520 acres.

Permits for Tippett "7"
API numberWell no.Acreson the permit
42-329-392285323.10
42-329-333374520
42-329-333383520
42-329-332632520
42-329-331691360

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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 TIPPETT "7"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P2801290129$80.46$2.89
Jun 2026Diamondback E&P481841930193$84.81$3.15
May 2026Diamondback E&P8302650265$102.13$2.94
Apr 2026Diamondback E&P851873110311$100.32$2.77
Mar 2026Diamondback E&P8001730173$91.38$3.04
Feb 2026Diamondback E&P9701200120$64.51$3.62
Jan 2026Diamondback E&P1313231170117$60.04$7.72
Dec 2025Diamondback E&P2791921740174$57.97$4.26
Nov 2025Diamondback E&P2281841900190$60.06$3.79
Oct 2025Diamondback E&P00000$60.89$3.19
Sep 2025Diamondback E&P11029029$63.96$2.97
Aug 2025Diamondback E&P8309105540554$64.86$2.91
Jul 2025Diamondback E&P3131881070107$68.39$3.20
Jun 2025Diamondback E&P52013013$68.17$3.02
May 2025Diamondback E&P00000$62.17$3.12
Apr 2025Diamondback E&P159000$63.54$3.42
Mar 2025Diamondback E&P00000$68.24$4.12
Feb 2025Diamondback E&P741823420342$71.53$4.19
Jan 2025Diamondback E&P4943672,05902,059$75.74$4.13
Dec 2024Endeavor Energy3263731,55601,556$70.12$3.01
Nov 2024Endeavor Energy1791841,43201,432$69.95$2.12
Oct 2024Endeavor Energy4205531,57501,575$71.99$2.20
Sep 2024Endeavor Energy3603461,92301,923$70.24$2.28
Aug 2024Endeavor Energy5363611,46401,464$76.68$1.99
Jul 2024Endeavor Energy2103661,54501,545$81.80$2.07
Jun 2024Endeavor Energy3983672,23102,231$79.77$2.54
May 2024Endeavor Energy3533392,1634651,698$80.02$2.12
Apr 2024Endeavor Energy4035316,0086,0080$85.35$1.60
Mar 2024Endeavor Energy4815416,0366,0360$81.28$1.49
Feb 2024Endeavor Energy4785474,3343,1711,163$77.25$1.72
Jan 2024Endeavor Energy32111,10201,102$74.15$3.18
Dec 2023Endeavor Energy00000$71.90$2.52
Nov 2023Endeavor Energy4757282,90602,906$77.69$2.71
Oct 2023Endeavor Energy6645531,47301,473$85.64$2.98
Sep 2023Endeavor Energy1,7621,767000$89.43$2.64
Aug 2023Endeavor Energy3,5693,792000$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Diamondback E&P LLC in Midland County

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Spraberry (Trend Area) field

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Drilling permits within 10 km