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Texas oil lease

Producing

MAGNETO I

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

2 wells

36,299bbl oil, last 12 months−52% vs prior year
Operator
Diamondback E&P LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-21706

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
334,047 mcf
Oil in Jul 2026
2,837 bbl

Production by month

Oil output fell 52% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for MAGNETO I, Aug 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 36,299 bbl in the 12 months through Jul 2026, against 75,790 bbl in the 12 months before.Last 12 months: 36,299 bblbbl per monthmcf per month002,50020k5,00040k7,50060k10k80k12.5k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for MAGNETO I, Aug 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 36,299 bbl in the 12 months through Jul 2026, against 75,790 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50020k5,00040k7,50060k10k80k12.5k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 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 Feb 2025 the lease's gas goes to a transmission line instead of a processing plantShare of MAGNETO I gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 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%Feb 2025: plant to lineFlared 16.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2025 the lease's gas goes to a transmission line instead of a processing plantShare of MAGNETO I gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 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%Feb 25: plant to lineFlared 16.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 311,906 mcf

  • Lease fuel (1)

    6.6% · 22,141 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.

2 wells on this lease

Wells on MAGNETO I
API numberWell no.Status
42-461-419631022HLActive
42-461-419641002HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers100Jun 27, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jun 27, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 27, 2022

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

Who buys my oilOil price check

790.24 acres on the newest permit

An allocation well is on this lease

Permits for Magneto I
API numberWell no.Acreson the permit
42-461-419631022HL790.24
42-461-419641002HA790.24

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

36 months, newest first

Ledger for MAGNETO I
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P2,8372,83236,96934,8590$80.46$2.89
Jun 2026Diamondback E&P3,3853,38133,73031,7030$84.81$3.15
May 2026Diamondback E&P3,0533,05126,59924,6020$102.13$2.94
Apr 2026Diamondback E&P3,0022,99526,30224,4770$100.32$2.77
Mar 2026Diamondback E&P2,4472,44719,73518,4110$91.38$3.04
Feb 2026Diamondback E&P2,5562,62425,28723,7650$64.51$3.62
Jan 2026Diamondback E&P2,8382,83132,25030,6570$60.04$7.72
Dec 2025Diamondback E&P3,6753,75232,80331,1820$57.97$4.26
Nov 2025Diamondback E&P3,0323,24326,89024,9190$60.06$3.79
Oct 2025Diamondback E&P2,7762,46424,42522,2180$60.89$3.19
Sep 2025Diamondback E&P2,9592,96323,18421,1870$63.96$2.97
Aug 2025Diamondback E&P3,7393,69425,87323,9260$64.86$2.91
Jul 2025Diamondback E&P4,6584,72324,90024,80595$68.39$3.20
Jun 2025Diamondback E&P5,2935,33023,90823,85850$68.17$3.02
May 2025Diamondback E&P6,3286,27021,10021,1000$62.17$3.12
Apr 2025Diamondback E&P7,0577,15521,38121,3810$63.54$3.42
Mar 2025Diamondback E&P7,9717,90015,64313,1442,499$68.24$4.12
Feb 2025Diamondback E&P5,5325,47913,45013,4500$71.53$4.19
Jan 2025TRP Operating5,1215,07617,83017,4610$75.74$4.13
Dec 2024TRP Operating9,0388,99128,36627,9970$70.12$3.01
Nov 2024TRP Operating7,3507,37921,78021,4110$69.95$2.12
Oct 2024TRP Operating5,9385,90519,69519,3260$71.99$2.20
Sep 2024TRP Operating5,5235,51521,82421,4550$70.24$2.28
Aug 2024TRP Operating5,9815,97915,95215,5830$76.68$1.99
Jul 2024TRP Operating4,3704,37712,49812,1290$81.80$2.07
Jun 2024TRP Operating3,4243,4327,9237,5540$79.77$2.54
May 2024TRP Operating2,2932,3045,0084,6390$80.02$2.12
Apr 2024TRP Operating7817766,3385,9690$85.35$1.60
Mar 2024TRP Operating2,6772,7677,1946,8250$81.28$1.49
Feb 2024TRP Operating2,5002,44611,08310,7140$77.25$1.72
Jan 2024TRP Operating4,9664,93528,96528,5960$74.15$3.18
Dec 2023TRP Operating5,5035,53535,15434,7850$71.90$2.52
Nov 2023TRP Operating7,2007,17341,93741,5680$77.69$2.71
Oct 2023TRP Operating8,3328,30646,51746,1480$85.64$2.98
Sep 2023TRP Operating8,3268,38351,34150,9720$89.43$2.64
Aug 2023TRP Operating10,67710,66667,22966,8600$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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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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