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Texas oil lease

Producing

PRESTON, MARTHA JANE

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

2 wells

5,436bbl oil, last 12 months−18% vs prior year
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-35356

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
18,764 mcf
Oil in Jul 2026
291 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 2025.

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

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Production by month

Oil output fell 18% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for PRESTON, MARTHA JANE, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 5,436 bbl in the 12 months through Jul 2026, against 6,654 bbl in the 12 months before.Last 12 months: 5,436 bblbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for PRESTON, MARTHA JANE, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 5,436 bbl in the 12 months through Jul 2026, against 6,654 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of PRESTON, MARTHA JANE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of PRESTON, MARTHA JANE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Nov 24: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on PRESTON, MARTHA JANE
API numberWell no.Status
42-329-336491Active
42-329-366182Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Sep 1, 2026–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Midcon Gathering LLCOilGathers100Aug 1, 2025Sep 1, 2026
Oasis Transp & Marketing Corp.OilGathers100May 1, 2008Aug 1, 2025

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

Who buys my oilOil price check

161.80 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 161.8 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Preston, Martha Jane
API numberWell no.Acreson the permit
42-329-366182161.80
42-329-336491160

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 PRESTON, MARTHA JANE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P2913658048040$80.46$2.89
Jun 2026Diamondback E&P3433612,0392,0390$84.81$3.15
May 2026Diamondback E&P4373781,8891,8890$102.13$2.94
Apr 2026Diamondback E&P4635532,0202,0200$100.32$2.77
Mar 2026Diamondback E&P5013662,0982,0980$91.38$3.04
Feb 2026Diamondback E&P5215611,8721,8720$64.51$3.62
Jan 2026Diamondback E&P5025591,9581,9580$60.04$7.72
Dec 2025Diamondback E&P5635632,0342,0340$57.97$4.26
Nov 2025Diamondback E&P4233638108100$60.06$3.79
Oct 2025Diamondback E&P4945601,0081,0080$60.89$3.19
Sep 2025Diamondback E&P3381826816810$63.96$2.97
Aug 2025Diamondback E&P5607181,5511,5510$64.86$2.91
Jul 2025Diamondback E&P6015441,1531,1530$68.39$3.20
Jun 2025Diamondback E&P6075641,0091,0090$68.17$3.02
May 2025Diamondback E&P6697469829820$62.17$3.12
Apr 2025Diamondback E&P7287398268260$63.54$3.42
Mar 2025Diamondback E&P3203713683680$68.24$4.12
Feb 2025Diamondback E&P1,1891,1117147140$71.53$4.19
Jan 2025Diamondback E&P2552271991990$75.74$4.13
Dec 2024Endeavor Energy00000$70.12$3.01
Nov 2024Endeavor Energy5755525585580$69.95$2.12
Oct 2024Endeavor Energy6637184724720$71.99$2.20
Sep 2024Endeavor Energy6637374404400$70.24$2.28
Aug 2024Endeavor Energy3841841931930$76.68$1.99
Jul 2024Endeavor Energy12010100$81.80$2.07
Jun 2024Endeavor Energy00000$79.77$2.54
May 2024Endeavor Energy00000$80.02$2.12
Apr 2024Endeavor Energy017512120$85.35$1.60
Mar 2024Endeavor Energy17121611610$81.28$1.49
Feb 2024Endeavor Energy1151721781780$77.25$1.72
Jan 2024Endeavor Energy1381751661660$74.15$3.18
Dec 2023Endeavor Energy1201782782780$71.90$2.52
Nov 2023Endeavor Energy12502962960$77.69$2.71
Oct 2023Endeavor Energy1211773183180$85.64$2.98
Sep 2023Endeavor Energy11302492490$89.43$2.64
Aug 2023Endeavor Energy1121793123120$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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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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