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Texas oil lease

Producing

TP LAND TRUST "K"

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

2 wells

464bbl oil, last 12 months−59% vs prior year
RRC lease
08-37188

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
3,048 mcf
Oil in Jul 2026
47 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 59% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 59% over the last 12 monthsMonthly oil production and gas for TP LAND TRUST "K", Aug 2023 to Jul 2026. Oil output fell 59% over the last 12 months. 464 bbl in the 12 months through Jul 2026, against 1,132 bbl in the 12 months before.Last 12 months: 464 bblbbl per monthmcf per month00502001004001506002008002501,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 59% over the last 12 monthsMonthly oil production and gas for TP LAND TRUST "K", Aug 2023 to Jul 2026. Oil output fell 59% over the last 12 months. 464 bbl in the 12 months through Jul 2026, against 1,132 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502001004001506002008002501,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 98.7% of the gas in Jul 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of TP LAND TRUST "K" gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 98.7% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineFlared 98.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of TP LAND TRUST "K" gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 98.7% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Nov 24: plant to lineFlared 98.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    79% · 2,602 mcf

  • Flared (4)

    21% · 693 mcf

21.0% of the gas flared in the last 12 months. 17 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.

2 wells on this lease

Wells on TP LAND TRUST "K"
API numberWell no.Status
42-329-349232501Shut-in
42-329-349792502Active

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–
Dcp Operating Company, LPCasinghead gasBuys100Aug 1, 2025–
Dcp Operating Company, LPCasinghead gasGathers100Aug 1, 2025–
Midcon Gathering LLCOilGathers100Aug 1, 2025Sep 1, 2026
Oasis Transp & Marketing Corp.OilGathers100Dec 5, 2008Aug 1, 2025
Chevron U. S. A. Inc.Casinghead gasGathers100Sep 5, 2003Jun 1, 2020
Chevron U. S. A. Inc.Casinghead gasBuys100Sep 5, 2003Jun 1, 2020

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

160 acres on the newest permit

Permits for TP Land Trust "K"
API numberWell no.Acreson the permit
42-329-349792502160
42-329-349232501160

SourceRailroad Commission drilling permits, Oct 3, 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 TP LAND TRUST "K"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P4740544304240$80.46$2.89
Jun 2026Diamondback E&P4125437297140$84.81$3.15
May 2026Diamondback E&P09000$102.13$2.94
Apr 2026Diamondback E&P2747344209135$100.32$2.77
Mar 2026Diamondback E&P605319011179$91.38$3.04
Feb 2026Diamondback E&P39331581580$64.51$3.62
Jan 2026Diamondback E&P41401851850$60.04$7.72
Dec 2025Diamondback E&P35322092090$57.97$4.26
Nov 2025Diamondback E&P283623521322$60.06$3.79
Oct 2025Diamondback E&P42392332285$60.89$3.19
Sep 2025Diamondback E&P473927425618$63.96$2.97
Aug 2025Diamondback E&P576523921227$64.86$2.91
Jul 2025Diamondback E&P696524722027$68.39$3.20
Jun 2025Diamondback E&P829543537659$68.17$3.02
May 2025Diamondback E&P72663893890$62.17$3.12
Apr 2025Diamondback E&P1051014244240$63.54$3.42
Mar 2025Diamondback E&P1031034464460$68.24$4.12
Feb 2025Diamondback E&P1041044354350$71.53$4.19
Jan 2025Diamondback E&P1171184604600$75.74$4.13
Dec 2024Endeavor Energy11411441340013$70.12$3.01
Nov 2024Endeavor Energy86882762760$69.95$2.12
Oct 2024Endeavor Energy110108407260147$71.99$2.20
Sep 2024Endeavor Energy8784408196212$70.24$2.28
Aug 2024Endeavor Energy838352847256$76.68$1.99
Jul 2024Endeavor Energy1011065988590$81.80$2.07
Jun 2024Endeavor Energy142139529424105$79.77$2.54
May 2024Endeavor Energy1471484404346$80.02$2.12
Apr 2024Endeavor Energy1611624424402$85.35$1.60
Mar 2024Endeavor Energy1241343453441$81.28$1.49
Feb 2024Endeavor Energy13611930328914$77.25$1.72
Jan 2024Endeavor Energy15617428826127$74.15$3.18
Dec 2023Endeavor Energy1981882502500$71.90$2.52
Nov 2023Endeavor Energy2132142002000$77.69$2.71
Oct 2023Endeavor Energy2382432852850$85.64$2.98
Sep 2023Endeavor Energy1631441831830$89.43$2.64
Aug 2023Endeavor Energy1721851741740$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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Diamondback E&P LLC in Midland County

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