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Texas oil lease

Producing

MARGARET 246 C

Margaret 246 C is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

36,244bbl oil, last 12 months−26% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-59001

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
177,507 mcf
Oil in Jul 2026
2,008 bbl

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for MARGARET 246 C, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 36,244 bbl in the 12 months through Jul 2026, against 48,683 bbl in the 12 months before.Last 12 months: 36,244 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for MARGARET 246 C, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 36,244 bbl in the 12 months through Jul 2026, against 48,683 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a transmission line in the last 12 months

Flaring peaked at 6.9% of the gas in Jan 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a transmission line in the last 12 monthsShare of MARGARET 246 C gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 6.9% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 6.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of MARGARET 246 C gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 6.9% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 6.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 166,588 mcf

  • Lease fuel (1)

    6.0% · 10,660 mcf

  • Flared (4)

    0.1% · 259 mcf

0.1% of the gas flared in the last 12 months. 3 months above 3%.

1 well on this lease

Wells on MARGARET 246 C
API numberWell no.Status
42-317-441529JMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Dk Trading & Supply, LLCOilGathers100Nov 24, 2022
Energy Transfer CompanyCasinghead gasBuys100Nov 24, 2022
Energy Transfer CompanyCasinghead gasGathers100Nov 24, 2022

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

Who buys my oilOil price check

4,583.58 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 Margaret 246 C
API numberWell no.Acreson the permit
42-317-441529JM4,583.58

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 MARGARET 246 C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,0082,00912,87011,96793$80.46$2.89
Jun 20262,0362,03512,34311,5781$84.81$3.15
May 20262,2892,29115,10514,2071$102.13$2.94
Apr 20262,5322,53615,15314,2320$100.32$2.77
Mar 20263,0423,03517,03916,0470$91.38$3.04
Feb 20263,0913,09915,30614,3670$64.51$3.62
Jan 20263,0173,01715,37814,31510$60.04$7.72
Dec 20253,6743,67016,32715,3090$57.97$4.26
Nov 20253,1933,18615,51914,4610$60.06$3.79
Oct 20253,2883,31614,63213,7585$60.89$3.19
Sep 20254,1424,12312,55011,85415$63.96$2.97
Aug 20253,9323,93715,28514,493134$64.86$2.91
Jul 20253,6183,61514,04713,3940$68.39$3.20
Jun 20252,8012,80113,26912,6280$68.17$3.02
May 20252,9252,91413,16012,5630$62.17$3.12
Apr 20252,0892,1038,6428,2480$63.54$3.42
Mar 20253,0483,04513,17612,5810$68.24$4.12
Feb 20253,1483,16512,45311,701186$71.53$4.19
Jan 20254,7014,69014,05213,35822$75.74$4.13
Dec 20244,4944,49414,48313,8730$70.12$3.01
Nov 20245,0965,09415,69814,808283$69.95$2.12
Oct 20245,1545,16818,62917,742123$71.99$2.20
Sep 20245,5035,49521,66620,8822$70.24$2.28
Aug 20246,1066,10217,59416,9040$76.68$1.99
Jul 20245,5915,58719,30418,451129$81.80$2.07
Jun 20246,5106,50522,20721,077355$79.77$2.54
May 20246,7916,79222,63220,7861,004$80.02$2.12
Apr 20246,7266,75520,92118,9561,060$85.35$1.60
Mar 20249,1969,29926,49824,833634$81.28$1.49
Feb 20247,7727,81815,38814,193332$77.25$1.72
Jan 20249,5019,46722,55519,7721,552$74.15$3.18
Dec 202310,21410,20923,45522,201319$71.90$2.52
Nov 202310,87410,87523,49122,194375$77.69$2.71
Oct 202311,98411,95124,29823,066410$85.64$2.98
Sep 202312,74912,74823,35922,493101$89.43$2.64
Aug 20239,3199,36017,28816,458227$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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Spraberry (Trend Area) field

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