BADFISH 31-43 L
BADFISH 31-43 L is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2022 to August 2026, totalling 258,688 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $3.7M, with roughly $1.9M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 3,524 barrels a month. Its strongest month on the record we hold was August 2023, at 21,373 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BADFISH 31-43 L
- Who operates BADFISH 31-43 L?
- BADFISH 31-43 L is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is BADFISH 31-43 L?
- BADFISH 31-43 L is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58823.
- Is BADFISH 31-43 L still producing?
- BADFISH 31-43 L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BADFISH 31-43 L is August 2026.
- How much has BADFISH 31-43 L produced?
- BADFISH 31-43 L has reported 258,688 barrels of oil (bbl) to the Railroad Commission of Texas between November 2022 and August 2026, from 1 wellbore.
- How much is BADFISH 31-43 L worth?
- The remaining production from BADFISH 31-43 L is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $3.1M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BADFISH 31-43 L is a fraction of it. The estimate fits an Arps decline curve to the production BADFISH 31-43 L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BADFISH 31-43 L is an estimate of value, not an offer and not an appraisal.
- How much income does BADFISH 31-43 L generate in a year?
- BADFISH 31-43 L is forecast to net about $1.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BADFISH 31-43 L receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 58823 |
| Wellbores | 1 |
| Reported production | 258,688 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where BADFISH 31-43 L sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.