Texas oil lease

Shut in

MARGARET '247B'

Name: MARGARET '247B' monthly oil and gas production, Martin County, Texas
Creator: Texas Railroad Commission

Margaret '247B' is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

2 wells

0bbl oil, last 12 months

Operator: Diamondback E&P LLC
County: Martin County
Field: Spraberry (Trend Area)
RRC lease: 08-43154

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Where it sits

This county

Martin County

Oil in Jul 2026: 0 bbl
Reporting since: Jan 2020

Checks stopped on this lease?

Buyer
Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.
Sales
No sales reported for the last 12 months of state data (through Jul 2026).

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

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Production by month

No production to chart

The state shows zero oil and zero gas for all 36 months we hold (Aug 2023 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Jan 2021

Diamondback E&P LLC Jan 2021 to now
Guidon Energy Mgmt Services LLC Jan 2020 to Dec 2020

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on MARGARET '247B'
API number	Well no.	Status
42-317-38056	1	Shut-in
42-317-40316	2	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Enterprise Crude Oil LLC	Oil	Gathers	100	Mar 1, 2026	–
Et Gathering & Processing LLC	Casinghead gas	Buys	100	Mar 1, 2026	–
Energy Transfer Company	Casinghead gas	Gathers	100	Aug 1, 2024	–
Etc Gas Processing, LLC	Casinghead gas	Buys	100	Aug 1, 2024	Mar 1, 2026
Ace Gathering, Inc.	Oil	Gathers	100	Nov 1, 2019	Mar 1, 2026
Wtg Gas Processing, L.p.	Casinghead gas	Gathers	100	Nov 1, 2019	Aug 1, 2024
Wtg Gas Processing, L.p.	Casinghead gas	Buys	100	Nov 1, 2019	Aug 1, 2024
Dcp Operating Company, LP	Casinghead gas	Gathers	100	Apr 1, 2017	Nov 1, 2019
Dcp Operating Company, LP	Casinghead gas	Buys	100	Apr 1, 2017	Nov 1, 2019

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

Who buys my oil Oil price check

156.30 acres on the newest permit

Worth asking
A substandard-acreage flag is in the permit records
The RRC permit records include a substandard-acreage flag. Ask which acreage applies to your well and how it was used in your decimal.

Check your decimal on this lease

Permits for Margaret '247B'
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-317-40316	2	Dec 10, 2015	Jan 15, 2016	156.30	Vertical
42-317-38056	1	Aug 11, 2012	Oct 14, 2012	156.30	Vertical

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.
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, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MARGARET '247B'
Month	Operator	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026Diamondback E&P	Diamondback E&P LLC	$80.46	$2.89
Jun 2026Diamondback E&P	Diamondback E&P LLC	$84.81	$3.15
May 2026Diamondback E&P	Diamondback E&P LLC	$102.13	$2.94
Apr 2026Diamondback E&P	Diamondback E&P LLC	$100.32	$2.77
Mar 2026Diamondback E&P	Diamondback E&P LLC	$91.38	$3.04
Feb 2026Diamondback E&P	Diamondback E&P LLC	$64.51	$3.62
Jan 2026Diamondback E&P	Diamondback E&P LLC	$60.04	$7.72
Dec 2025Diamondback E&P	Diamondback E&P LLC	$57.97	$4.26
Nov 2025Diamondback E&P	Diamondback E&P LLC	$60.06	$3.79
Oct 2025Diamondback E&P	Diamondback E&P LLC	$60.89	$3.19
Sep 2025Diamondback E&P	Diamondback E&P LLC	$63.96	$2.97
Aug 2025Diamondback E&P	Diamondback E&P LLC	$64.86	$2.91
Jul 2025Diamondback E&P	Diamondback E&P LLC	$68.39	$3.20
Jun 2025Diamondback E&P	Diamondback E&P LLC	$68.17	$3.02
May 2025Diamondback E&P	Diamondback E&P LLC	$62.17	$3.12
Apr 2025Diamondback E&P	Diamondback E&P LLC	$63.54	$3.42
Mar 2025Diamondback E&P	Diamondback E&P LLC	$68.24	$4.12
Feb 2025Diamondback E&P	Diamondback E&P LLC	$71.53	$4.19
Jan 2025Diamondback E&P	Diamondback E&P LLC	$75.74	$4.13
Dec 2024Diamondback E&P	Diamondback E&P LLC	$70.12	$3.01
Nov 2024Diamondback E&P	Diamondback E&P LLC	$69.95	$2.12
Oct 2024Diamondback E&P	Diamondback E&P LLC	$71.99	$2.20
Sep 2024Diamondback E&P	Diamondback E&P LLC	$70.24	$2.28
Aug 2024Diamondback E&P	Diamondback E&P LLC	$76.68	$1.99
Jul 2024Diamondback E&P	Diamondback E&P LLC	$81.80	$2.07
Jun 2024Diamondback E&P	Diamondback E&P LLC	$79.77	$2.54
May 2024Diamondback E&P	Diamondback E&P LLC	$80.02	$2.12
Apr 2024Diamondback E&P	Diamondback E&P LLC	$85.35	$1.60
Mar 2024Diamondback E&P	Diamondback E&P LLC	$81.28	$1.49
Feb 2024Diamondback E&P	Diamondback E&P LLC	$77.25	$1.72
Jan 2024Diamondback E&P	Diamondback E&P LLC	$74.15	$3.18
Dec 2023Diamondback E&P	Diamondback E&P LLC	$71.90	$2.52
Nov 2023Diamondback E&P	Diamondback E&P LLC	$77.69	$2.71
Oct 2023Diamondback E&P	Diamondback E&P LLC	$85.64	$2.98
Sep 2023Diamondback E&P	Diamondback E&P LLC	$89.43	$2.64
Aug 2023Diamondback E&P	Diamondback E&P LLC	$81.39	$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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