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Texas oil lease

Producing

ZEBCO 27-39 P

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

1 well

26,253bbl oil, last 12 months−68% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-58638

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
209,138 mcf
Oil in Jul 2026
2,227 bbl

Production by month

Oil output fell 68% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 68% over the last 12 monthsMonthly oil production and gas for ZEBCO 27-39 P, Aug 2023 to Jul 2026. Oil output fell 68% over the last 12 months. 26,253 bbl in the 12 months through Jul 2026, against 81,178 bbl in the 12 months before.Last 12 months: 26,253 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 68% over the last 12 monthsMonthly oil production and gas for ZEBCO 27-39 P, Aug 2023 to Jul 2026. Oil output fell 68% over the last 12 months. 26,253 bbl in the 12 months through Jul 2026, against 81,178 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a transmission line in the last 12 months

Flaring peaked at 49.4% of the gas in Aug 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a transmission line in the last 12 monthsShare of ZEBCO 27-39 P gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 49.4% of the gas in Aug 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 49.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a transmission line in the last 12 monthsShare of ZEBCO 27-39 P gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 49.4% of the gas in Aug 2024.Share of gas by disposition code0%50%100%Flared 49.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 205,191 mcf

  • Flared (4)

    1.5% · 3,230 mcf

  • Lease fuel (1)

    0.3% · 717 mcf

1.5% of the gas flared in the last 12 months. 13 months above 3%.

1 well on this lease

Wells on ZEBCO 27-39 P
API numberWell no.Status
42-317-4476016LSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers100Jun 8, 2023–
Etc North Permian Midstream LLCCasinghead gasBuys100Aug 1, 2024–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Wtg North Permian Midstream LLCCasinghead gasGathers100Jun 8, 2023Aug 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jun 8, 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 P
API numberWell no.Acreson the permit
42-317-4476016LS1,120

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 P
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,2272,23116,10514,9111,138$80.46$2.89
Jun 20262,0512,04615,75715,62281$84.81$3.15
May 20261,9901,98816,08715,879154$102.13$2.94
Apr 20261,7291,72715,11814,98090$100.32$2.77
Mar 20261,7271,72415,80115,7510$91.38$3.04
Feb 20261,6561,65814,21514,1680$64.51$3.62
Jan 20261,8151,81816,93215,892986$60.04$7.72
Dec 20251,9391,93918,05618,0020$57.97$4.26
Nov 20252,5202,52119,16719,1100$60.06$3.79
Oct 20252,5592,56218,12017,282781$60.89$3.19
Sep 20252,7582,75920,44520,3780$63.96$2.97
Aug 20253,2823,28223,33523,2160$64.86$2.91
Jul 20253,1353,14123,68322,775793$68.39$3.20
Jun 20254,9314,92826,40326,19585$68.17$3.02
May 20255,8215,82327,78427,6590$62.17$3.12
Apr 20256,1496,14023,43222,0671,244$63.54$3.42
Mar 20256,3236,33125,46420,5244,803$68.24$4.12
Feb 20256,3216,31523,12922,9630$71.53$4.19
Jan 20257,3647,37429,13220,1288,798$75.74$4.13
Dec 20247,7487,76031,51230,1511,202$70.12$3.01
Nov 20247,8047,84128,97728,426344$69.95$2.12
Oct 20249,7469,71328,57928,34849$71.99$2.20
Sep 20248,3898,39026,28024,7321,424$70.24$2.28
Aug 20247,4477,46221,84410,94610,793$76.68$1.99
Jul 202410,37110,36729,74429,6030$81.80$2.07
Jun 20249,4359,42829,89428,3941,361$79.77$2.54
May 202412,03412,02938,69038,42874$80.02$2.12
Apr 202414,82114,84639,43239,22232$85.35$1.60
Mar 202418,92918,90641,95441,7740$81.28$1.49
Feb 202417,33517,33935,00934,8720$77.25$1.72
Jan 202422,84622,86143,58633,5539,865$74.15$3.18
Dec 202339,64739,65153,71653,5350$71.90$2.52
Nov 202338,66638,66243,04341,7521,146$77.69$2.71
Oct 202343,42943,43548,80647,918670$85.64$2.98
Sep 202344,36544,68038,28537,397643$89.43$2.64
Aug 202330,66630,29027,61326,514838$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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