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Texas oil lease

Producing

SOTO 43-7 (ALLOC-4SH)

Soto 43-7 (Alloc-4SH) is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) R 40 Exc field.

1 well

10,875bbl oil, last 12 months−69% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-55630

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
9,451 mcf
Oil in Jul 2026
1,719 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.

See why checks stop on this lease

Production by month

Oil output fell 69% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for SOTO 43-7 (ALLOC-4SH), Aug 2023 to Jul 2026. Oil output fell 69% over the last 12 months. 10,875 bbl in the 12 months through Jul 2026, against 35,348 bbl in the 12 months before.Last 12 months: 10,875 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for SOTO 43-7 (ALLOC-4SH), Aug 2023 to Jul 2026. Oil output fell 69% over the last 12 months. 10,875 bbl in the 12 months through Jul 2026, against 35,348 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 38.8% of the gas in Aug 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a transmission line in the last 12 monthsShare of SOTO 43-7 (ALLOC-4SH) gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 38.8% of the gas in Aug 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 38.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a transmission line in the last 12 monthsShare of SOTO 43-7 (ALLOC-4SH) gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 38.8% of the gas in Aug 2024.Share of gas by disposition code0%50%100%Flared 38.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 9,409 mcf

  • Flared (4)

    0.4% · 38 mcf

  • Lease fuel (1)

    0.0% · 4 mcf

0.4% of the gas flared in the last 12 months. 5 months above 3%.

1 well on this lease

Wells on SOTO 43-7 (ALLOC-4SH)
API numberWell no.Status
42-317-428355LBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Delek Marketing & Supply, LPOilGathers100Mar 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Dk Trading & Supply, LLCOilGathers100Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers100Aug 26, 2020Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys100Aug 26, 2020Aug 1, 2024
Lion Oil Trading & Trans, LLCOilGathers100Aug 26, 2020Aug 1, 2024

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

Who buys my oilOil price check

882.24 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 Soto 43-7 (Alloc-4SH)
API numberWell no.Acreson the permit
42-317-428355LB882.24

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 SOTO 43-7 (ALLOC-4SH)
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,7191,6761,1631,1603$80.46$2.89
Jun 20264814781941940$84.81$3.15
May 20263993961791781$102.13$2.94
Apr 20263473501181180$100.32$2.77
Mar 20264214251981980$91.38$3.04
Feb 20264074663663588$64.51$3.62
Jan 20264984893143095$60.04$7.72
Dec 20255715612092081$57.97$4.26
Nov 20258187965905882$60.06$3.79
Oct 20251,0051,1189389344$60.89$3.19
Sep 20252,1972,1162,0962,0932$63.96$2.97
Aug 20252,0122,0293,0863,07112$64.86$2.91
Jul 20252,4452,5042,9042,86436$68.39$3.20
Jun 20252,3582,3333,6593,60637$68.17$3.02
May 20252,8532,8423,4313,4051$62.17$3.12
Apr 20252,8762,8623,6223,488121$63.54$3.42
Mar 20252,6752,6612,5542,5450$68.24$4.12
Feb 20252,5682,5912,5092,5010$71.53$4.19
Jan 20253,0673,0312,6742,6640$75.74$4.13
Dec 20243,1793,1982,3232,3150$70.12$3.01
Nov 20243,0733,0662,3462,3320$69.95$2.12
Oct 20243,5203,5522,1992,1930$71.99$2.20
Sep 20244,5244,4661,7981,70389$70.24$2.28
Aug 20242,2102,2421,061645412$76.68$1.99
Jul 20243,9914,0672,6262,6160$81.80$2.07
Jun 20244,1414,0622,2712,24422$79.77$2.54
May 20244,3704,3842,2412,2307$80.02$2.12
Apr 20244,0344,0181,4341,4292$85.35$1.60
Mar 20244,0864,0121,2661,2640$81.28$1.49
Feb 202440039252511$77.25$1.72
Jan 202400000$74.15$3.18
Dec 202300000$71.90$2.52
Nov 2023070110$77.69$2.71
Oct 20233,1243,1587,1826,859316$85.64$2.98
Sep 20235,8485,88114,40814,163244$89.43$2.64
Aug 20236,8146,80615,82314,5881,232$81.39$2.58

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) R 40 ExcCountyMartin County

Diamondback E&P LLC in Martin County

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Spraberry (Trend Area) R 40 Exc field

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