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Texas oil lease

Producing

SHIMANO 28-40 R

Shimano 28-40 R is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

109,453bbl oil, last 12 months
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-62472

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
506,186 mcf
Oil in Jul 2026
2,829 bbl

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.

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

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Production by month

Oil output fell 78% since Jan 2025

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 78% since Jan 2025Monthly oil production and gas for SHIMANO 28-40 R, Jan 2025 to Jul 2026. Oil output fell 78% since Jan 2025. Monthly average of 4,244 bbl in the latest 3 months, against 19,185 bbl in the first 3.Last 12 months: 109,453 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJan 25AprJulOctJan 26AprJul
Oil output fell 78% since Jan 2025Monthly oil production and gas for SHIMANO 28-40 R, Jan 2025 to Jul 2026. Oil output fell 78% since Jan 2025. Monthly average of 4,244 bbl in the latest 3 months, against 19,185 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a transmission line in the last 12 months

Flaring peaked at 37.8% of the gas in Apr 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
93% of the gas went to a transmission line in the last 12 monthsShare of SHIMANO 28-40 R gas by disposition code each month, Jan 2025 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 37.8% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 37.8%Jan 25AprJulOctJan 26AprJul
93% of the gas went to a transmission line in the last 12 monthsShare of SHIMANO 28-40 R gas by disposition code each month, Jan 2025 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 37.8% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 37.8%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 468,382 mcf

  • Lease fuel (1)

    6.1% · 30,626 mcf

  • Flared (4)

    1.4% · 7,178 mcf

1.4% of the gas flared in the last 12 months. 7 months above 3%.

1 well on this lease

Wells on SHIMANO 28-40 R
API numberWell no.Status
42-317-4610618WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers100Nov 6, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Nov 6, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Nov 6, 2024Mar 1, 2026

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

Who buys my oilOil price check

1,286 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.

Check your decimal on this lease
Permits for Shimano 28-40 R
API numberWell no.Acreson the permit
42-317-4610618WA1,286

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

19 months, newest first

Ledger for SHIMANO 28-40 R
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,8292,84534,53232,083254$80.46$2.89
Jun 20264,5194,52540,19636,955970$84.81$3.15
May 20265,3835,39933,00229,651126$102.13$2.94
Apr 20267,9597,94337,71634,74559$100.32$2.77
Mar 20267,7977,77446,41143,387282$91.38$3.04
Feb 20264,9134,91616,91215,488101$64.51$3.62
Jan 20267,9427,95140,22535,0492,471$60.04$7.72
Dec 202510,50110,52141,25337,903245$57.97$4.26
Nov 202511,24511,24254,03650,737301$60.06$3.79
Oct 202511,91211,93441,32037,2441,947$60.89$3.19
Sep 202514,23914,25354,88252,352255$63.96$2.97
Aug 202520,21420,19265,70162,788167$64.86$2.91
Jul 202522,53222,51252,65849,441425$68.39$3.20
Jun 202524,55324,55452,18145,7913,506$68.17$3.02
May 202527,96427,97230,19924,9132,375$62.17$3.12
Apr 202535,48235,51435,96119,70313,583$63.54$3.42
Mar 202547,08847,02144,62932,0379,679$68.24$4.12
Feb 202510,46810,45710,0336,1803,253$71.53$4.19
Jan 202500000$75.74$4.13

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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