MAGNETO D

Operated by DIAMONDBACK E&P LLC (P-5 217012) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21505District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$34.6 M
Dec 2021 – May 2026
Value, last 12 filed months
$3.2 M
at the published price for each month
Months reported
54
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered
1904-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: AREA) 85279200.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition338,128 bbl$28,793,505
Casinghead gasProduction1,541,524 Mcf$5,759,203
Total$34,552,709

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.2930, -101.9509. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.29298, -101.95088 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,816 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 8,816 ft.

Completions filed
Dec 2021
1 of 1 wells

1 well

42-461418811014HU8,816 ftDec 2021

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (54)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

54 months

May 20262,01948,926106.413.05$363,863
Apr 20261,24837,00098.932.87$229,644
Mar 20261,15531,89689.753.15$204,116
Feb 20261,38032,98663.503.75$211,338
Jan 20261,17030,01459.138.00$309,232
Dec 202598835,45456.664.41$212,451
Nov 20251,70337,04258.593.93$245,222
Oct 20251,17832,79759.383.30$178,338
Sep 20251,73636,91562.743.08$222,501
Aug 20252,46451,69163.933.01$313,359
Jul 20252,56553,82666.743.32$349,632
Jun 20252,51258,50066.483.13$350,028
May 20252,76963,17260.553.23$371,855
Apr 20253,51647,56562.363.54$387,786
Mar 20251,69942,57367.704.27$296,737
Feb 20253,51639,70270.884.34$421,554
Jan 20252,26523,73974.324.28$269,906
Dec 20244,31632,19468.993.12$398,250
Nov 20245,91214,50969.052.20$440,121
Oct 20242,4777,13671.372.28$193,064
Sep 20241,0456,73669.612.36$88,669
Aug 20241,3035,67775.632.06$110,261
Jul 20242,0735,36179.932.15$177,203
Jun 20243,2553,94578.082.63$264,541
May 20241,7683,78978.812.20$147,666
Apr 2024061284.451.66$1,015
Mar 202492,08480.301.55$3,943
Feb 20241782,35076.091.78$17,736
Jan 20241,55415,44973.023.30$164,419
Dec 20234,32338,20471.262.61$407,797
Nov 20234,65239,38177.892.81$472,909
Oct 20235,00239,95985.443.09$550,736
Sep 20234,76933,95089.042.74$517,486
Aug 20233,93833,67080.522.67$407,084
Jul 20235,49737,71674.852.64$511,089
Jun 20235,82837,14068.962.26$485,779
May 20236,70944,07370.622.23$571,958
Apr 20238,47048,44478.122.24$770,082
Mar 20239,42329,95272.852.39$758,145
Feb 20239,77839,35775.112.47$831,467
Jan 202310,46245,82276.533.39$955,889
Dec 202212,33548,80276.415.73$1,222,108
Nov 202213,24233,99585.005.65$1,317,513
Oct 202214,87427,90987.185.86$1,460,367
Sep 202220,72224,71084.888.16$1,960,608
Aug 202219,06118,04494.529.13$1,966,336
Jul 202216,59521,937101.587.54$1,851,171
Jun 20226,6809,245115.097.98$842,550
May 20221,199780109.378.43$137,712
Apr 20229,7898,968104.226.84$1,081,529
Mar 202230,10326,246108.885.08$3,410,850
Feb 202225,77824,29091.054.86$2,465,108
Jan 202230,25323,81681.844.54$2,583,975
Dec 20218731,47471.323.90$68,010

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Oil                2,019 bbl  × $106.41 =   $214,842
Casinghead gas    48,926 Mcf  × $  3.05 =   $149,021

────────────────────────────────────────────────────
Month total                                 $363,863

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 7C/O/21505 is the state's own key, not one this site invented.