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MARTIN 40

Martin 40 is an oil lease in Martin 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
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-45796

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Oil in Jul 2026
0 bbl
Reporting since
Jan 2020

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 MARTIN 40, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Feb 2025, at 47 bbl.Last 12 months: 0 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
No oil produced in the last 12 monthsMonthly oil production and gas for MARTIN 40, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Feb 2025, at 47 bbl.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the 11 months reported

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the 11 months reportedShare of MARTIN 40 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 11 months reported. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the 11 months reportedShare of MARTIN 40 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 11 months reported. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the 11 months reported. 11 months above 3%.

Who has run this lease

The operator changed once, most recently in Oct 2021

Operators of this lease over timeQep Energy Company, Jan 2020 to Sep 2021; Diamondback E&P LLC, Oct 2021 to Jul 20262020202120222023202420252026Changed Oct 2021Qep Energy CompanyJan 2020 to Sep 2021Diamondback E&P LLCOct 2021 to now
Operators of this lease over timeQep Energy Company, Jan 2020 to Sep 2021; Diamondback E&P LLC, Oct 2021 to Jul 20262020202120222023202420252026Changed Oct 2021Qep Energy CompanyJan 2020 to Sep 2021Diamondback E&P LLCOct 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MARTIN 40
API numberWell no.Status
42-317-385252Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Aug 1, 2023–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, LLCCasinghead gasGathers100Aug 1, 2023Aug 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Aug 1, 2023Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100Jul 7, 2014Aug 1, 2023
Wtg Gas Processing, L.p.Casinghead gasBuys100Jan 1, 2019Aug 1, 2023
Transoil Marketing, LLCOilGathers100Jan 1, 2019Aug 1, 2023

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

Who buys my oilOil price check

80 acres on the newest permit

Permits for Martin 40
API numberWell no.Acreson the permit
42-317-38525280

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 MARTIN 40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P00000$80.46$2.89
Jun 2026Diamondback E&P00000$84.81$3.15
May 2026Diamondback E&P00000$102.13$2.94
Apr 2026Diamondback E&P00000$100.32$2.77
Mar 2026Diamondback E&P00000$91.38$3.04
Feb 2026Diamondback E&P00000$64.51$3.62
Jan 2026Diamondback E&P00000$60.04$7.72
Dec 2025Diamondback E&P00000$57.97$4.26
Nov 2025Diamondback E&P00000$60.06$3.79
Oct 2025Diamondback E&P00000$60.89$3.19
Sep 2025Diamondback E&P00000$63.96$2.97
Aug 2025Diamondback E&P00000$64.86$2.91
Jul 2025Diamondback E&P00000$68.39$3.20
Jun 2025Diamondback E&P00000$68.17$3.02
May 2025Diamondback E&P00000$62.17$3.12
Apr 2025Diamondback E&P00000$63.54$3.42
Mar 2025Diamondback E&P00000$68.24$4.12
Feb 2025Diamondback E&P4767202$71.53$4.19
Jan 2025Diamondback E&P00000$75.74$4.13
Dec 2024Diamondback E&P13617816016$70.12$3.01
Nov 2024Diamondback E&P0030030$69.95$2.12
Oct 2024Diamondback E&P3025025$71.99$2.20
Sep 2024Diamondback E&P110404$70.24$2.28
Aug 2024Diamondback E&P00000$76.68$1.99
Jul 2024Diamondback E&P00000$81.80$2.07
Jun 2024Diamondback E&P27021021$79.77$2.54
May 2024Diamondback E&P40303$80.02$2.12
Apr 2024Diamondback E&P68174000$85.35$1.60
Mar 2024Diamondback E&P246171000$81.28$1.49
Feb 2024Diamondback E&P750000$77.25$1.72
Jan 2024Diamondback E&P120172000$74.15$3.18
Dec 2023Diamondback E&P209362000$71.90$2.52
Nov 2023Diamondback E&P12116826026$77.69$2.71
Oct 2023Diamondback E&P36817736036$85.64$2.98
Sep 2023Diamondback E&P12716984084$89.43$2.64
Aug 2023Diamondback E&P5102250225$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)CountyMartin County

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) field

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