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Texas oil lease

No report in 6+ months

MARGARET 247E

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

1 well

0bbl oil, last 12 months
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-46796

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Oil in Dec 2023
0 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

  • Wells

    The one well on this lease is marked plugged.

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

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Production by month

No oil produced in the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
No oil produced in the last 12 monthsMonthly oil production and gas for MARGARET 247E, Jan 2021 to Dec 2023. No oil produced in the last 12 months. The state shows zero output for every month we hold.Last 12 months: 0 bblbbl per monthmcf per month001122334455Jan 21AprJulOctJan 22AprJulOctJan 23AprJulOct
No oil produced in the last 12 monthsMonthly oil production and gas for MARGARET 247E, Jan 2021 to Dec 2023. No oil produced in the last 12 months. The state shows zero output for every month we hold.Last 12 monthsbbl per monthmcf per month001122334455Jan 21JulJan 22JulJan 23Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the only month reported

All of the gas went to a processing plant in the only month reportedShare of MARGARET 247E gas by disposition code each month, Jan 2021 to Dec 2023. All of the gas went to a processing plant in the only month reported.Share of the lease’s gas by disposition code, per month0%50%100%Jan 21AprJulOctJan 22AprJulOctJan 23AprJulOct
All of the gas went to a processing plant in the only month reportedShare of MARGARET 247E gas by disposition code each month, Jan 2021 to Dec 2023. All of the gas went to a processing plant in the only month reported.Share of gas by disposition code0%50%100%Jan 21JulJan 22JulJan 23Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jan 2021

Operators of this lease over timeGuidon Energy Mgmt Services LLC, Jan 2020 to Dec 2020; Diamondback E&P LLC, Jan 2021 to Dec 20232020202120222023Changed Jan 2021Guidon Energy Mgmt Services L…Jan 2020 to Dec 2020Diamondback E&P LLCJan 2021 to now
Operators of this lease over timeGuidon Energy Mgmt Services LLC, Jan 2020 to Dec 2020; Diamondback E&P LLC, Jan 2021 to Dec 20232020202120222023Changed Jan 2021Guidon Energy Mgmt Services LLCJan 2020 to Dec 2020Diamondback E&P LLCJan 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MARGARET 247E
API numberWell no.Status
42-317-401611Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ace Gathering, Inc.OilGathers100Nov 1, 2019–
Wtg Gas Processing, L.p.Casinghead gasBuys100Nov 1, 2019–
Wtg Gas Processing, L.p.Casinghead gasGathers100Nov 1, 2019–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Nov 1, 2019
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Nov 1, 2019
Lpc Crude Oil Marketing LLCOilGathers100Oct 1, 2016Nov 1, 2019

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

Who buys my oilOil price check

156.50 acres on the newest permit

  • Good to know

    All listed wells are plugged

    The RRC wellbore records mark all listed wells as plugged. These records do not show whether earlier royalties remain payable. Ask the payor about any unpaid months.

Check your decimal on this lease
Permits for Margaret 247E
API numberWell no.Acreson the permit
42-317-401611156.50

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 247E
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Dec 2023Diamondback E&P000$71.90$2.52
Nov 2023Diamondback E&P000$77.69$2.71
Oct 2023Diamondback E&P000$85.64$2.98
Sep 2023Diamondback E&P000$89.43$2.64
Aug 2023Diamondback E&P000$81.39$2.58
Jul 2023Diamondback E&P000$76.07$2.55
Jun 2023Diamondback E&P000$70.25$2.18
May 2023Diamondback E&P000$71.58$2.15
Apr 2023Diamondback E&P000$79.45$2.16
Mar 2023Diamondback E&P000$73.28$2.31
Feb 2023Diamondback E&P000$76.83$2.38
Jan 2023Diamondback E&P000$78.12$3.27
Dec 2022Diamondback E&P000$76.44$5.53
Nov 2022Diamondback E&P000$84.37$5.45
Oct 2022Diamondback E&P000$87.55$5.66
Sep 2022Diamondback E&P000$84.26$7.88
Aug 2022Diamondback E&P000$93.67$8.81
Jul 2022Diamondback E&P000$101.62$7.28
Jun 2022Diamondback E&P000$114.84$7.70
May 2022Diamondback E&P000$109.55$8.14
Apr 2022Diamondback E&P000$101.78$6.60
Mar 2022Diamondback E&P000$108.50$4.90
Feb 2022Diamondback E&P000$91.64$4.69
Jan 2022Diamondback E&P000$83.22$4.38
Dec 2021Diamondback E&P000$71.71$3.76
Nov 2021Diamondback E&P000$79.15$5.05
Oct 2021Diamondback E&P000$81.48$5.51
Sep 2021Diamondback E&P000$71.65$5.16
Aug 2021Diamondback E&P000$67.73$4.07
Jul 2021Diamondback E&P000$72.49$3.84
Jun 2021Diamondback E&P550$71.38$3.26
May 2021Diamondback E&P000$65.17$2.91
Apr 2021Diamondback E&P000$61.72$2.66
Mar 2021Diamondback E&P000$62.33$2.62
Feb 2021Diamondback E&P000$59.04$5.35
Jan 2021Diamondback E&P000$52.00$2.71

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)CountyMidland County

Diamondback E&P LLC in Midland County

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Spraberry (Trend Area) field

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