ABU GARCIA 28-16 N
ABU GARCIA 28-16 N 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 July 2024 to August 2026, totalling 246,313 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 $4.5M, with roughly $2.4M 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 9,397 barrels a month. Its strongest month on the record we hold was March 2025, at 37,017 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 ABU GARCIA 28-16 N
- Who operates ABU GARCIA 28-16 N?
- ABU GARCIA 28-16 N is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is ABU GARCIA 28-16 N?
- ABU GARCIA 28-16 N is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61973.
- Is ABU GARCIA 28-16 N still producing?
- ABU GARCIA 28-16 N is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ABU GARCIA 28-16 N is August 2026.
- How much has ABU GARCIA 28-16 N produced?
- ABU GARCIA 28-16 N has reported 246,313 barrels of oil (bbl) to the Railroad Commission of Texas between July 2024 and August 2026, from 1 wellbore.
- How much is ABU GARCIA 28-16 N worth?
- The remaining production from ABU GARCIA 28-16 N is estimated to be worth about $4.5M in total as of 26 August 2026, within a range of $3.7M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ABU GARCIA 28-16 N is a fraction of it. The estimate fits an Arps decline curve to the production ABU GARCIA 28-16 N has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ABU GARCIA 28-16 N is an estimate of value, not an offer and not an appraisal.
- How much income does ABU GARCIA 28-16 N generate in a year?
- ABU GARCIA 28-16 N is forecast to net about $2.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ABU GARCIA 28-16 N 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 | 61973 |
| Wellbores | 1 |
| Reported production | 246,313 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.5M |
Where ABU GARCIA 28-16 N 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.