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Texas oil lease

Producing

SPAATZ 38-47 B

Spaatz 38-47 B is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

61,502bbl oil, since Feb 2026
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-64808

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, since Feb 2026
70,025 mcf
Oil in Jul 2026
12,319 bbl
First check

Production started March 2026; the first check is due by about July 29, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output rose 65% since Feb 2026

  • Oil (bars)
  • Gas (line)
Oil output rose 65% since Feb 2026Monthly oil production and gas for SPAATZ 38-47 B, Feb 2026 to Jul 2026. Oil output rose 65% since Feb 2026. Monthly average of 12,758 bbl in the latest 3 months, against 7,743 bbl in the first 3.bbl per monthmcf per month005,0005,00010k10k15k15k20k20kOct 25Jan 26AprJul
Oil output rose 65% since Feb 2026Monthly oil production and gas for SPAATZ 38-47 B, Feb 2026 to Jul 2026. Oil output rose 65% since Feb 2026. Monthly average of 12,758 bbl in the latest 3 months, against 7,743 bbl in the first 3.bbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

90% of the gas went to a transmission line in the 5 months reported

Flaring peaked at 7.5% of the gas in Mar 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
90% of the gas went to a transmission line in the 5 months reportedShare of SPAATZ 38-47 B gas by disposition code each month, Feb 2026 to Jul 2026. 90% of the gas went to a transmission line in the 5 months reported. Flaring peaked at 7.5% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 7.5%Oct 25Jan 26AprJul
90% of the gas went to a transmission line in the 5 months reportedShare of SPAATZ 38-47 B gas by disposition code each month, Feb 2026 to Jul 2026. 90% of the gas went to a transmission line in the 5 months reported. Flaring peaked at 7.5% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Flared 7.5%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    90% · 62,928 mcf

  • Lease fuel (1)

    8.9% · 6,238 mcf

  • Flared (4)

    1.2% · 859 mcf

1.2% of the gas flared in the 5 months reported. One month above 3%.

1 well on this lease

Wells on SPAATZ 38-47 B
API numberWell no.Status
42-317-468231LSActive

SourceTexas Railroad Commission Wellbore Query.

640.92 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 Spaatz 38-47 B
API numberWell no.Acreson the permit
42-317-468231LS640.92

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

6 months, newest first

Ledger for SPAATZ 38-47 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202612,31912,30418,40117,2980$80.46$2.89
Jun 202611,03111,02913,11811,9100$84.81$3.15
May 202614,92414,98618,32116,6404$102.13$2.94
Apr 202614,25914,23012,02110,417242$100.32$2.77
Mar 20268,9698,8968,1646,663613$91.38$3.04
Feb 202600000$64.51$3.62

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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