Texas oil lease · RRC district 7C · Lease 21503
ProducingMAGNETO E
Magneto E is an oil lease in Upton County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field. The Railroad Commission shows 14,187 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 1 well
- Operator
- Diamondback E&P LLC
- County
- Upton County
- RRC lease
- 7C-21503
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Where it sits
This county
- Gas, last 12 months
- 342,699 mcf
- Oil in Jul 2026
- 1,364 bbl
- Reporting to the state
- since Dec 2021
- Wells
- 1
Production
Month by month, from the state record
Oil output fell 72% over the last 12 months
14,187 bbl in the 12 months through Jul 2026, against 51,563 bbl in the 12 months before.
- Oil (bars, left axis)
- Gas (line, right axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 21503, district 7C. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
Since Feb 2025 the lease's gas goes to a transmission line instead of a processing plant
Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 16.0% of the gas in Mar 2025.
- Processing plant (3)
- Transmission line (2)
- Lease fuel (1)
- Flared (4)
SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 21503, district 7C. Reported through Jul 2026.
Processing plant (3)
Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.
Transmission line (2)
Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.
Lease fuel (1)
Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.
Flared (4)
Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.
None of the gas was flared in the last 12 months. One month went above 3%, which we mark in the ledger below.
Operator history
Who has run this lease
The operator changed once, most recently in Feb 2025
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- Diamondback E&P LLC Feb 2025 to now
- TRP Operating LLC Dec 2021 to Jan 2025
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
1 well on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-461-41887 | 1024HL | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 7C, lease 21503.
Who buys and gathers
Who moves and buys this lease's production
Oil
Enlink Crude Marketing, LLC gathers it.
100% of it, on the list since Dec 16, 2021
Gas from oil wells
Targa Pl Mid-Cont Westtex LLC buys and gathers it.
Targa Pl Mid-Cont Westtex LLC buys it: 100% of it, on the list since Dec 16, 2021 · Targa Pl Mid-Cont Westtex LLC gathers it: 100% of it, on the list since Dec 16, 2021
SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.
Unit and wells
790.24 acres on the newest permit
- Wells on the permits
- 11 not plugged
- Horizontal
- 1
- First completion
- Dec 16, 2021
- Latest permit
- Aug 9, 2021
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.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-461-41887 | 1024HL | Aug 9, 2021 | Dec 16, 2021 | 790.24 |
What the operator reported
What Diamondback Energy, Inc. told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $96.82 | −$2.15 | $18.56 | SEC filing |
| Q1 2026 | $73.47 | $0.18 | $16.68 | SEC filing |
| Q4 2025 | $58.00 | $0.03 | $13.51 | SEC filing |
| Q3 2025 | $64.60 | $0.75 | $17.28 | SEC filing |
| Q2 2025 | $63.23 | $0.88 | $18.13 | SEC filing |
| Q1 2025 | $70.95 | $2.11 | $23.94 | SEC filing |
SourceDiamondback Energy, Inc. quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says MAGNETO E sold each month.
For example 0.00097656, or a fraction like 1/1024.
Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf, code 4 | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Diamondback E&P | 1,364 | 1,366 | 33,492 | 33,212 | 0 | $80.46 | $2.89 |
| Jun 2026Diamondback E&P | 1,767 | 1,748 | 30,325 | 30,184 | 0 | $84.81 | $3.15 |
| May 2026Diamondback E&P | 1,134 | 1,124 | 23,792 | 22,849 | 0 | $102.13 | $2.94 |
| Apr 2026Diamondback E&P | 861 | 859 | 24,219 | 23,455 | 0 | $100.32 | $2.77 |
| Mar 2026Diamondback E&P | 710 | 717 | 23,450 | 22,749 | 0 | $91.38 | $3.04 |
| Feb 2026Diamondback E&P | 924 | 938 | 27,359 | 26,499 | 0 | $64.51 | $3.62 |
| Jan 2026Diamondback E&P | 845 | 839 | 27,555 | 26,896 | 0 | $60.04 | $7.72 |
| Dec 2025Diamondback E&P | 993 | 1,041 | 30,714 | 29,730 | 0 | $57.97 | $4.26 |
| Nov 2025Diamondback E&P | 1,162 | 1,257 | 30,755 | 29,801 | 0 | $60.06 | $3.79 |
| Oct 2025Diamondback E&P | 1,150 | 1,025 | 26,709 | 25,692 | 0 | $60.89 | $3.19 |
| Sep 2025Diamondback E&P | 1,330 | 1,343 | 28,666 | 27,799 | 0 | $63.96 | $2.97 |
| Aug 2025Diamondback E&P | 1,947 | 1,919 | 35,663 | 34,738 | 0 | $64.86 | $2.91 |
| Jul 2025Diamondback E&P | 2,224 | 2,250 | 34,147 | 34,016 | 131 | $68.39 | $3.20 |
| Jun 2025Diamondback E&P | 2,366 | 2,378 | 30,435 | 30,371 | 64 | $68.17 | $3.02 |
| May 2025Diamondback E&P | 2,686 | 2,663 | 31,643 | 31,643 | 0 | $62.17 | $3.12 |
| Apr 2025Diamondback E&P | 3,094 | 3,147 | 32,684 | 32,684 | 0 | $63.54 | $3.42 |
| Mar 2025Diamondback E&P | 3,810 | 3,831 | 31,324 | 26,319 | 5,005 | $68.24 | $4.12 |
| Feb 2025Diamondback E&P | 4,360 | 4,457 | 26,380 | 26,380 | 0 | $71.53 | $4.19 |
| Jan 2025TRP Operating | 2,842 | 2,817 | 16,996 | 16,627 | 0 | $75.74 | $4.13 |
| Dec 2024TRP Operating | 4,682 | 4,658 | 21,669 | 21,300 | 0 | $70.12 | $3.01 |
| Nov 2024TRP Operating | 4,092 | 4,108 | 16,659 | 16,290 | 0 | $69.95 | $2.12 |
| Oct 2024TRP Operating | 5,094 | 5,066 | 11,605 | 11,236 | 0 | $71.99 | $2.20 |
| Sep 2024TRP Operating | 8,114 | 8,102 | 6,932 | 6,563 | 0 | $70.24 | $2.28 |
| Aug 2024TRP Operating | 8,199 | 8,196 | 5,088 | 4,719 | 0 | $76.68 | $1.99 |
| Jul 2024TRP Operating | 4,454 | 4,462 | 3,073 | 2,704 | 0 | $81.80 | $2.07 |
| Jun 2024TRP Operating | 1,549 | 1,553 | 1,853 | 1,484 | 0 | $79.77 | $2.54 |
| May 2024TRP Operating | 1,882 | 1,891 | 2,386 | 2,017 | 0 | $80.02 | $2.12 |
| Apr 2024TRP Operating | 0 | 0 | 0 | 0 | 0 | $85.35 | $1.60 |
| Mar 2024TRP Operating | 0 | 0 | 1,741 | 1,372 | 0 | $81.28 | $1.49 |
| Feb 2024TRP Operating | 520 | 508 | 4,780 | 4,411 | 0 | $77.25 | $1.72 |
| Jan 2024TRP Operating | 3,277 | 3,256 | 24,276 | 23,907 | 0 | $74.15 | $3.18 |
| Dec 2023TRP Operating | 4,674 | 4,701 | 35,766 | 35,397 | 0 | $71.90 | $2.52 |
| Nov 2023TRP Operating | 6,324 | 6,301 | 43,450 | 43,081 | 0 | $77.69 | $2.71 |
| Oct 2023TRP Operating | 3,908 | 3,895 | 22,536 | 22,167 | 0 | $85.64 | $2.98 |
| Sep 2023TRP Operating | 3,834 | 3,860 | 26,318 | 25,949 | 0 | $89.43 | $2.64 |
| Aug 2023TRP Operating | 4,249 | 4,245 | 29,240 | 28,871 | 0 | $81.39 | $2.58 |
No report filed More than 3% of gas flared
SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).
Check your statements
Do your checks match this lease?
Upload your statements for MAGNETO E. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Diamondback E&P LLC.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
Diamondback E&P LLC in Upton County
- NEFF EAST J 9-45
832,256 bbl last 12 months
- NEFF EAST N 9-45
766,395 bbl last 12 months
- NEFF EAST K 9-45
544,797 bbl last 12 months
- KENNETT SHERROD 42-6 UNIT 1
293,153 bbl last 12 months
- CARBON 12-13 UNIT 1
263,689 bbl last 12 months
Spraberry (Trend Area) field
- ROCKER B
1,620,409 bbl last 12 months
- BULLHEAD
1,457,007 bbl last 12 months
- PEMBROOK UNIT
1,325,549 bbl last 12 months
- CHILI
1,118,345 bbl last 12 months
- RWT BUFFALO BAYOU 16-4 UNIT
1,106,913 bbl last 12 months
Leases within 10 km
Found by the location of their wells.
- MAGNETO D
18,530 bbl last 12 months · 0 km away
- MAGNETO C
13,533 bbl last 12 months · 0 km away
- HASEL7
0 bbl last 12 months · 0.2 km away
- LYNCH50
15 bbl last 12 months · 0.3 km away
- DAVY JONES A
65,446 bbl last 12 months · 0.4 km away
Drilling permits within 10 km
NEAL 9C #103H
new drill · horizontal · Pioneer Natural Res. USA, Inc. · Upton County · 9.1 km away
Permit 0916914 · Aug 11, 2026
NEAL 9I #109H
new drill · horizontal · Pioneer Natural Res. USA, Inc. · Upton County · 8.9 km away
Permit 0916922 · Aug 7, 2026
NEAL 9G #107H
new drill · horizontal · Pioneer Natural Res. USA, Inc. · Upton County · 8.9 km away
Permit 0916919 · Aug 7, 2026
NEAL 9F #106H
new drill · horizontal · Pioneer Natural Res. USA, Inc. · Upton County · 8.9 km away
Permit 0916918 · Aug 7, 2026
NEAL 9E #105H
new drill · horizontal · Pioneer Natural Res. USA, Inc. · Upton County · 8.8 km away
Permit 0916916 · Aug 7, 2026
How to read this page
Questions owners ask
What is a decimal interest?
It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.
How do I use this page to check a royalty check?
Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.
Why is the newest month Jul 2026?
The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.
Does this page show what my check should be?
No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.
Sources and method
Where these numbers come from
- Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 21503, district 7C, reported through Jul 2026.
- Wells: Texas Railroad Commission Wellbore Query.
- Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
- Page updated Sep 28, 2026.
We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.