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Texas oil lease

Producing

SHIMANO 28-40 X

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

1 well

53,025bbl oil, last 12 months
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-62440

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
409,967 mcf
Oil in Jul 2026
3,195 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 rose 37% since Dec 2024

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 37% since Dec 2024Monthly oil production and gas for SHIMANO 28-40 X, Dec 2024 to Jul 2026. Oil output rose 37% since Dec 2024. Monthly average of 2,818 bbl in the latest 3 months, against 2,050 bbl in the first 3.Last 12 months: 53,025 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJan 25AprJulOctJan 26AprJul
Oil output rose 37% since Dec 2024Monthly oil production and gas for SHIMANO 28-40 X, Dec 2024 to Jul 2026. Oil output rose 37% since Dec 2024. Monthly average of 2,818 bbl in the latest 3 months, against 2,050 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 39.2% 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 X gas by disposition code each month, Dec 2024 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 39.2% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 39.2%Jan 25AprJulOctJan 26AprJul
93% of the gas went to a transmission line in the last 12 monthsShare of SHIMANO 28-40 X gas by disposition code each month, Dec 2024 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 39.2% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 39.2%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 380,661 mcf

  • Lease fuel (1)

    5.6% · 23,159 mcf

  • Flared (4)

    1.5% · 6,147 mcf

1.5% of the gas flared in the last 12 months. 7 months above 3%.

1 well on this lease

Wells on SHIMANO 28-40 X
API numberWell no.Status
42-317-4610824WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers100Nov 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Nov 1, 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 X
API numberWell no.Acreson the permit
42-317-4610824WB1,286

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

20 months, newest first

Ledger for SHIMANO 28-40 X
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,1953,20029,01927,250216$80.46$2.89
Jun 20263,1703,16329,40227,142713$84.81$3.15
May 20262,0892,09026,11423,938101$102.13$2.94
Apr 20262,4852,48328,12426,18845$100.32$2.77
Mar 20262,9312,92335,15733,015214$91.38$3.04
Feb 20262,1782,18024,27422,244144$64.51$3.62
Jan 20263,7953,79832,41128,6732,021$60.04$7.72
Dec 20254,4794,48936,29234,134221$57.97$4.26
Nov 20255,0435,04541,90539,714235$60.06$3.79
Oct 20256,4226,43240,95037,0001,934$60.89$3.19
Sep 20257,3257,33141,55138,932190$63.96$2.97
Aug 20259,9139,90644,76842,431113$64.86$2.91
Jul 202512,63512,62447,68844,744384$68.39$3.20
Jun 202514,01814,02457,93251,7393,961$68.17$3.02
May 202519,92419,93761,95354,3565,182$62.17$3.12
Apr 202531,42731,45862,40335,43924,433$63.54$3.42
Mar 202542,65042,58658,67243,14513,035$68.24$4.12
Feb 20256,1516,1446,2913,9612,085$71.53$4.19
Jan 202500000$75.74$4.13
Dec 202400000$70.12$3.01

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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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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