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Texas oil lease

Producing

MAGNETO G1

Magneto G1 is an oil lease in Upton County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

26,665bbl oil, last 12 months−30% vs prior year
Operator
Diamondback E&P LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-21686

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
167,140 mcf
Oil in Jul 2026
1,815 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from TRP Operating LLC in Feb 2025.

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

See why checks stop on this lease

Production by month

Oil output fell 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for MAGNETO G1, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 26,665 bbl in the 12 months through Jul 2026, against 37,976 bbl in the 12 months before.Last 12 months: 26,665 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for MAGNETO G1, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 26,665 bbl in the 12 months through Jul 2026, against 37,976 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2025 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 16.0% of the gas in Mar 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2025 the lease's gas goes to a transmission line instead of a processing plantShare of MAGNETO G1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 16.0% of the gas in Mar 2025.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2025: plant to lineFlared 16.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2025 the lease's gas goes to a transmission line instead of a processing plantShare of MAGNETO G1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 16.0% of the gas in Mar 2025.Share of gas by disposition code0%50%100%Mar 25: plant to lineFlared 16.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    92% · 154,296 mcf

  • Lease fuel (1)

    7.7% · 12,844 mcf

Who has run this lease

The operator changed once, most recently in Feb 2025

Operators of this lease over timeTRP Operating LLC, Jun 2022 to Jan 2025; Diamondback E&P LLC, Feb 2025 to Jul 20262023202420252026Changed Feb 2025TRP Operating LLCJun 2022 to Jan 2025Diamondback E&P LLCFeb 2025 to now
Operators of this lease over timeTRP Operating LLC, Jun 2022 to Jan 2025; Diamondback E&P LLC, Feb 2025 to Jul 20262023202420252026Changed Feb 2025TRP Operating LLCJun 2022 to Jan 2025Diamondback E&P LLCFeb 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MAGNETO G1
API numberWell no.Status
42-461-419201003HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers100Jun 6, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jun 6, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 6, 2022

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

Who buys my oilOil price check

950.05 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 Magneto G1
API numberWell no.Acreson the permit
42-461-419201003HA950.05

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 MAGNETO G1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P1,8151,80518,18616,4030$80.46$2.89
Jun 2026Diamondback E&P1,9761,99118,37816,7050$84.81$3.15
May 2026Diamondback E&P2,2632,27511,26510,2300$102.13$2.94
Apr 2026Diamondback E&P2,5782,55711,46010,4000$100.32$2.77
Mar 2026Diamondback E&P1,7451,7717,5276,8000$91.38$3.04
Feb 2026Diamondback E&P2,4702,50310,0149,0860$64.51$3.62
Jan 2026Diamondback E&P2,1892,19613,78612,7950$60.04$7.72
Dec 2025Diamondback E&P3,1253,18514,12113,2270$57.97$4.26
Nov 2025Diamondback E&P2,5042,60912,02111,3010$60.06$3.79
Oct 2025Diamondback E&P1,8651,64413,13712,1170$60.89$3.19
Sep 2025Diamondback E&P1,7581,76615,45314,4190$63.96$2.97
Aug 2025Diamondback E&P2,3772,34421,79220,8130$64.86$2.91
Jul 2025Diamondback E&P2,7272,76018,82118,74972$68.39$3.20
Jun 2025Diamondback E&P2,9342,91714,77814,74731$68.17$3.02
May 2025Diamondback E&P2,3572,3462,5022,5020$62.17$3.12
Apr 2025Diamondback E&P3,1403,1882,2522,2520$63.54$3.42
Mar 2025Diamondback E&P3,7043,62361251498$68.24$4.12
Feb 2025Diamondback E&P1,0151,057000$71.53$4.19
Jan 2025TRP Operating1,1091,0993,4053,0360$75.74$4.13
Dec 2024TRP Operating4,2554,2338,4668,0970$70.12$3.01
Nov 2024TRP Operating3,8003,8156,8636,4940$69.95$2.12
Oct 2024TRP Operating3,8333,8135,4925,1230$71.99$2.20
Sep 2024TRP Operating4,6624,6553,5773,2080$70.24$2.28
Aug 2024TRP Operating4,4404,4383,8423,4730$76.68$1.99
Jul 2024TRP Operating3,7833,7893,3763,0070$81.80$2.07
Jun 2024TRP Operating7767783,7103,3410$79.77$2.54
May 2024TRP Operating21212,4382,0690$80.02$2.12
Apr 2024TRP Operating00000$85.35$1.60
Mar 2024TRP Operating49512,1331,7640$81.28$1.49
Feb 2024TRP Operating4504402,9972,6280$77.25$1.72
Jan 2024TRP Operating2,1482,13412,93812,5690$74.15$3.18
Dec 2023TRP Operating2,3582,37215,63115,2620$71.90$2.52
Nov 2023TRP Operating2,5942,58418,63418,2650$77.69$2.71
Oct 2023TRP Operating3,9983,98534,33433,9650$85.64$2.98
Sep 2023TRP Operating4,4704,49326,26925,9000$89.43$2.64
Aug 2023TRP Operating5,4085,40228,17627,8070$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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Nearby

This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyUpton County

Diamondback E&P LLC in Upton County

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Spraberry (Trend Area) field

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