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Texas oil lease

Producing

TARGET M

Target M is an oil lease in Glasscock County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

4,631bbl oil, last 12 months−48% vs prior year
Operator
Diamondback E&P LLC
County
Glasscock County
Field
Spraberry (Trend Area)
RRC lease
08-51850

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Where it sits

This county

Glasscock CountyGlasscockMitchellMartinSterlingMidlandHowardGlasscock County
Glasscock County
Gas, last 12 months
84,764 mcf
Oil in Jul 2026
183 bbl

Production by month

Oil output fell 48% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for TARGET M, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 4,631 bbl in the 12 months through Jul 2026, against 8,858 bbl in the 12 months before.Last 12 months: 4,631 bblbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for TARGET M, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 4,631 bbl in the 12 months through Jul 2026, against 8,858 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2026 the lease's gas goes to other uses instead of a transmission line

Flaring peaked at 5.3% of the gas in Aug 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Other (5 to 8)
  • Flared (4)
Since Apr 2026 the lease's gas goes to other uses instead of a transmission lineShare of TARGET M gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to other uses instead of a transmission line. Flaring peaked at 5.3% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2026: line to otherFlared 5.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2026 the lease's gas goes to other uses instead of a transmission lineShare of TARGET M gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to other uses instead of a transmission line. Flaring peaked at 5.3% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Apr 26: line to otherFlared 5.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    53% · 45,335 mcf

  • Other (5 to 8)

    45% · 38,481 mcf

  • Lease fuel (1)

    1.1% · 948 mcf

1 well on this lease

Wells on TARGET M
API numberWell no.Status
42-173-376103907WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Feb 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jul 1, 2019–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jul 1, 2019–
Eastex Crude CompanyOilGathers10Feb 1, 2023Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers80Feb 1, 2023Feb 1, 2025
Shell Trading (Us) CompanyOilGathers10Feb 1, 2023Feb 1, 2025
Eastex Crude Company, LLCOilGathers25Jan 1, 2023Feb 1, 2023
Nustar Permian Trans and Stg,llcOilGathers25Jan 1, 2023Feb 1, 2023
Shell Trading (Us) CompanyOilGathers50Jan 1, 2023Feb 1, 2023

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

Who buys my oilOil price check

807.80 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.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Target M
API numberWell no.Acreson the permit
42-173-376103907WA807.80

SourceRailroad Commission drilling permits, Sep 26, 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 TARGET M
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261831936,0222,4940$80.46$2.89
Jun 20261741714,7401,6830$84.81$3.15
May 20261291273,6471,1400$102.13$2.94
Apr 20261581753,7901,2130$100.32$2.77
Mar 20261812008,9234,6300$91.38$3.04
Feb 20264605007,9904,3200$64.51$3.62
Jan 20265796487,0055,4970$60.04$7.72
Dec 20255584474,3352,2460$57.97$4.26
Nov 20254744647,7264,9850$60.06$3.79
Oct 20255086229,9296,3440$60.89$3.19
Sep 202559048611,4675,6120$63.96$2.97
Aug 20256376369,1905,1710$64.86$2.91
Jul 20258127946,1603,8350$68.39$3.20
Jun 202568471010,9067,9010$68.17$3.02
May 20251,0321,05425,59423,1410$62.17$3.12
Apr 20251,00595317,34515,4230$63.54$3.42
Mar 202577677613,31612,0480$68.24$4.12
Feb 202573673513,99311,5750$71.53$4.19
Jan 202583482912,85911,4390$75.74$4.13
Dec 20241,00999815,75313,7650$70.12$3.01
Nov 202451851715,28714,4330$69.95$2.12
Oct 202452652814,13413,4380$71.99$2.20
Sep 202449249515,12112,4470$70.24$2.28
Aug 202443442515,87013,1100$76.68$1.99
Jul 202431630810,3776,5550$81.80$2.07
Jun 202468641,6896760$79.77$2.54
May 202437594171140$80.02$2.12
Apr 20245195239,7649,072111$85.35$1.60
Mar 202439538212,13010,1080$81.28$1.49
Feb 202444744513,03810,1770$77.25$1.72
Jan 202427426915,54711,0870$74.15$3.18
Dec 202330030817,35213,0490$71.90$2.52
Nov 202339439014,84414,3640$77.69$2.71
Oct 202358662114,30013,7000$85.64$2.98
Sep 202353149514,77713,0040$89.43$2.64
Aug 20233553619,7798,504517$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)CountyGlasscock County

Diamondback E&P LLC in Glasscock County

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Spraberry (Trend Area) field

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