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Texas oil lease

Producing

ZEBCO 27-39 M

Zebco 27-39 M is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

4 wells

169,630bbl oil, last 12 months−12% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-58795

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
912,681 mcf
Oil in Jul 2026
9,247 bbl

Production by month

Oil output fell 12% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for ZEBCO 27-39 M, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 169,630 bbl in the 12 months through Jul 2026, against 191,724 bbl in the 12 months before.Last 12 months: 169,630 bblbbl per monthmcf per month0050k50k100k100k150k150k200k200k250k250kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for ZEBCO 27-39 M, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 169,630 bbl in the 12 months through Jul 2026, against 191,724 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050k50k100k100k150k150k200k200k250k250kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a transmission line in the last 12 months

Flaring peaked at 49.9% of the gas in Aug 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a transmission line in the last 12 monthsShare of ZEBCO 27-39 M gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months. Flaring peaked at 49.9% of the gas in Aug 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 49.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a transmission line in the last 12 monthsShare of ZEBCO 27-39 M gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months. Flaring peaked at 49.9% of the gas in Aug 2024.Share of gas by disposition code0%50%100%Flared 49.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 888,001 mcf

  • Flared (4)

    1.6% · 14,580 mcf

  • Lease fuel (1)

    1.1% · 10,100 mcf

1.6% of the gas flared in the last 12 months. 13 months above 3%.

4 wells on this lease

Wells on ZEBCO 27-39 M
API numberWell no.Status
42-317-4480121WAActive
42-317-4480225LSActive
42-317-4480326WBActive
42-317-4481313MSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers100Jun 20, 2023–
Etc North Permian Midstream LLCCasinghead gasBuys100Aug 1, 2024–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Wtg North Permian Midstream LLCCasinghead gasGathers100Jun 20, 2023Aug 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jun 20, 2023Aug 1, 2024

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

Who buys my oilOil price check

1,120 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 Zebco 27-39 M
API numberWell no.Acreson the permit
42-317-4480121WA1,120
42-317-4480225LS1,120
42-317-4480326WB1,120
42-317-4481313MS1,120

SourceRailroad Commission drilling permits, Oct 3, 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

36 months, newest first

Ledger for ZEBCO 27-39 M
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269,2479,26875,60469,9935,346$80.46$2.89
Jun 20269,5449,52572,13471,515371$84.81$3.15
May 202610,32310,31578,98777,967756$102.13$2.94
Apr 202610,25110,24374,20573,526442$100.32$2.77
Mar 202611,96911,94975,43775,2010$91.38$3.04
Feb 202611,20311,21968,39467,4840$64.51$3.62
Jan 202613,36413,38674,17668,9624,269$60.04$7.72
Dec 202516,15816,15681,50880,2720$57.97$4.26
Nov 202519,42319,43482,37081,1460$60.06$3.79
Oct 202520,83820,85380,37575,6313,396$60.89$3.19
Sep 202518,47018,46477,79776,3450$63.96$2.97
Aug 202518,84018,83571,69469,9590$64.86$2.91
Jul 202516,70016,69365,00361,1702,106$68.39$3.20
Jun 202513,92713,92271,30368,929224$68.17$3.02
May 202517,95917,96277,71575,5050$62.17$3.12
Apr 202517,41717,39064,83359,5513,352$63.54$3.42
Mar 202515,54815,54967,61253,01912,432$68.24$4.12
Feb 20256,8266,81439,46837,8950$71.53$4.19
Jan 20253,6833,72813,0288,9633,894$75.74$4.13
Dec 202420,76820,79783,96779,0843,150$70.12$3.01
Nov 202420,12520,19675,59374,155898$69.95$2.12
Oct 202421,75621,69182,07381,400144$71.99$2.20
Sep 202420,96020,95177,59572,9914,236$70.24$2.28
Aug 202416,05516,06174,07036,78436,927$76.68$1.99
Jul 202416,86116,92772,29471,9450$81.80$2.07
Jun 202429,93829,94997,17592,2954,429$79.77$2.54
May 202449,01948,975138,337137,406264$80.02$2.12
Apr 202449,36449,444136,127135,402111$85.35$1.60
Mar 202462,41962,370149,497148,8510$81.28$1.49
Feb 202470,58270,549155,578154,9680$77.25$1.72
Jan 202463,87163,904167,402128,40938,094$74.15$3.18
Dec 2023104,891104,919202,542201,3240$71.90$2.52
Nov 2023113,770113,764164,816159,0574,470$77.69$2.71
Oct 2023132,255132,214121,866118,9401,629$85.64$2.98
Sep 202390,95690,86276,39074,3451,273$89.43$2.64
Aug 20232,5772,5452,6232,51781$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

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

Diamondback E&P LLC in Martin County

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