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Texas oil lease

Producing

MARGARET 246 D

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

1 well

22,118bbl oil, last 12 months−46% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-59002

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
68,151 mcf
Oil in Jul 2026
1,380 bbl

Production by month

Oil output fell 46% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for MARGARET 246 D, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 22,118 bbl in the 12 months through Jul 2026, against 41,056 bbl in the 12 months before.Last 12 months: 22,118 bblbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for MARGARET 246 D, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 22,118 bbl in the 12 months through Jul 2026, against 41,056 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20kJan 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 D 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 D 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% · 64,022 mcf

  • Lease fuel (1)

    5.9% · 3,988 mcf

  • Flared (4)

    0.2% · 141 mcf

0.2% of the gas flared in the last 12 months. 3 months above 3%.

1 well on this lease

Wells on MARGARET 246 D
API numberWell no.Status
42-317-4415310LSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Dk Trading & Supply, LLCOilGathers100Dec 2, 2022
Energy Transfer CompanyCasinghead gasBuys100Dec 2, 2022
Energy Transfer CompanyCasinghead gasGathers100Dec 2, 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 D
API numberWell no.Acreson the permit
42-317-4415310LS4,583.58

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 D
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,3801,3825,2934,92238$80.46$2.89
Jun 20261,5641,5625,0664,7520$84.81$3.15
May 20261,5561,5565,1274,8220$102.13$2.94
Apr 20261,5401,5434,8614,5660$100.32$2.77
Mar 20261,8861,8825,0504,7560$91.38$3.04
Feb 20262,0112,0164,7694,4760$64.51$3.62
Jan 20261,9561,9515,0824,7313$60.04$7.72
Dec 20251,6041,6044,2213,9580$57.97$4.26
Nov 20251,7121,7095,0744,7280$60.06$3.79
Oct 20251,7451,7615,5695,2362$60.89$3.19
Sep 20252,3502,3428,0217,57610$63.96$2.97
Aug 20252,8142,81510,0189,49988$64.86$2.91
Jul 20252,1902,1987,1576,8240$68.39$3.20
Jun 20252,8812,8819,9019,4230$68.17$3.02
May 20253,1073,1019,9179,4670$62.17$3.12
Apr 20253,2233,2339,6329,1930$63.54$3.42
Mar 20253,2453,24010,0339,5800$68.24$4.12
Feb 20253,0533,0579,3908,823140$71.53$4.19
Jan 20253,1773,17110,0399,54316$75.74$4.13
Dec 20243,3303,33010,3799,9420$70.12$3.01
Nov 20243,7463,74710,74610,137194$69.95$2.12
Oct 20244,0524,06310,2229,73568$71.99$2.20
Sep 20244,5134,5059,1298,7991$70.24$2.28
Aug 20244,5394,5379,4819,1090$76.68$1.99
Jul 20244,4514,4479,3888,97363$81.80$2.07
Jun 20244,8964,8919,6999,206155$79.77$2.54
May 20244,7384,7399,3778,612416$80.02$2.12
Apr 20244,8224,8377,6086,894385$85.35$1.60
Mar 20245,4605,5408,6948,148208$81.28$1.49
Feb 20245,5835,6479,3178,593201$77.25$1.72
Jan 20248,2988,20313,99212,265963$74.15$3.18
Dec 20234,9264,9459,5709,058130$71.90$2.52
Nov 20236,6926,69212,35111,669197$77.69$2.71
Oct 20237,2697,24812,96512,308219$85.64$2.98
Sep 20237,6337,65414,21813,69062$89.43$2.64
Aug 20237,1767,18715,88815,126208$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)CountyMartin County

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) field

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