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Texas oil lease

No report in 6+ months

WALER STATE UNIT 4

Waler State Unit 4 is an oil lease in Reeves County, Texas, operated by Diamondback E&P LLC in the Phantom (Wolfcamp) field.

3 wells

130,266bbl oil, last 12 months−39% vs prior year
Operator
Diamondback E&P LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-49374

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
320,922 mcf
Oil in Apr 2022
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 39% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for WALER STATE UNIT 4, Jan 2020 to Apr 2022. Oil output fell 39% over the last 12 months. 130,266 bbl in the 12 months through Apr 2022, against 213,325 bbl in the 12 months before.Last 12 months: 130,266 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJan 20AprJulOctJan 21AprJulOctJan 22Apr
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for WALER STATE UNIT 4, Jan 2020 to Apr 2022. Oil output fell 39% over the last 12 months. 130,266 bbl in the 12 months through Apr 2022, against 213,325 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJan 20JulJan 21JulJan 22

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 23.0% of the gas in Oct 2020.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of WALER STATE UNIT 4 gas by disposition code each month, Jan 2020 to Apr 2022. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 23.0% of the gas in Oct 2020.Share of the lease’s gas by disposition code, per month0%50%100%Flared 23.0%Jan 20AprJulOctJan 21AprJulOctJan 22Apr
99% of the gas went to a transmission line in the last 12 monthsShare of WALER STATE UNIT 4 gas by disposition code each month, Jan 2020 to Apr 2022. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 23.0% of the gas in Oct 2020.Share of gas by disposition code0%50%100%Flared 23.0%Jan 20JulJan 21JulJan 22

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 387,983 mcf

  • Flared (4)

    1.0% · 3,932 mcf

  • Lease fuel (1)

    0.0% · 5 mcf

1.0% of the gas flared in the last 12 months. 5 months above 3%.

3 wells on this lease

Wells on WALER STATE UNIT 4
API numberWell no.Status
42-389-355731WAActive
42-389-378482WAActive
42-389-378493WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Diamondback E&P LLCOilGathers50Sep 1, 2018–
Oasis Transp & Marketing Corp.OilGathers50Nov 20, 2020–
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Sep 1, 2018–
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100Sep 1, 2018–
Cp Energy, L.l.c.OilGathers50Mar 1, 2019Nov 20, 2020
Shell Trading (Us) CompanyOilGathers50Sep 1, 2018Mar 1, 2019

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

Who buys my oilOil price check

658.41 acres on the newest permit

Permits for Waler State Unit 4
API numberWell no.Acreson the permit
42-389-378493WA658.41
42-389-378482WA658.50
42-389-355731WA658.41

SourceRailroad Commission drilling permits, Sep 26, 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

28 months, newest first

Ledger for WALER STATE UNIT 4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Apr 202200000$101.78$6.60
Mar 202200000$108.50$4.90
Feb 202200000$91.64$4.69
Jan 202213,43813,96232,32331,3051,018$83.22$4.38
Dec 202114,02313,43336,19236,1920$71.71$3.76
Nov 202113,33613,35142,55042,282268$79.15$5.05
Oct 202114,69214,68438,45838,322136$81.48$5.51
Sep 202115,03115,08739,61639,6160$71.65$5.16
Aug 202116,06016,03539,72039,67545$67.73$4.07
Jul 202117,39617,39444,89844,8980$72.49$3.84
Jun 202116,95416,90531,06330,372686$71.38$3.26
May 20219,3369,32216,10216,02379$65.17$2.91
Apr 202113,73913,75824,24123,0521,189$61.72$2.66
Mar 202115,35615,51825,88325,8830$62.33$2.62
Feb 202113,68413,56120,87420,363511$59.04$5.35
Jan 202116,44116,51427,42727,4270$52.00$2.71
Dec 202017,29417,14625,14025,1400$47.02$2.58
Nov 202016,36616,36224,60523,930199$40.94$2.61
Oct 202018,12518,18828,63221,3816,583$39.40$2.39
Sep 202018,42118,39531,37531,3750$39.63$1.92
Aug 202020,22720,29043,50035,9716,400$42.34$2.30
Jul 202020,51020,39231,78327,9023,881$40.71$1.76
Jun 202020,47820,53829,60528,846759$38.31$1.63
May 202022,68422,63329,20429,2040$28.56$1.75
Apr 202024,21424,22733,84633,710136$16.55$1.74
Mar 202029,60229,80047,59947,51287$29.21$1.79
Feb 202032,45132,52349,91748,8031,114$50.54$1.91
Jan 202041,61341,36761,41461,4140$57.52$2.02

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)CountyReeves County

Diamondback E&P LLC in Reeves County

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Phantom (Wolfcamp) field

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