SPAATZ 38-47 C
SPAATZ 38-47 C is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2025 to August 2026, totalling 151,545 barrels. The lease is intermittent. 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 $73.8M, with roughly $14.0M 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 18,099 barrels a month, about 9,049 per wellbore. Its strongest month on the record we hold was April 2026, at 50,581 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 SPAATZ 38-47 C
- Who operates SPAATZ 38-47 C?
- SPAATZ 38-47 C is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is SPAATZ 38-47 C?
- SPAATZ 38-47 C is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64857.
- Is SPAATZ 38-47 C still producing?
- SPAATZ 38-47 C is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SPAATZ 38-47 C is August 2026.
- How much has SPAATZ 38-47 C produced?
- SPAATZ 38-47 C has reported 151,545 barrels of oil (bbl) to the Railroad Commission of Texas between December 2025 and August 2026, from 2 wellbores.
- How much is SPAATZ 38-47 C worth?
- The remaining production from SPAATZ 38-47 C is estimated to be worth about $73.8M in total as of 27 August 2026, within a range of $60.5M to $87.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPAATZ 38-47 C is a fraction of it. The estimate fits an Arps decline curve to the production SPAATZ 38-47 C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPAATZ 38-47 C is an estimate of value, not an offer and not an appraisal.
- How much income does SPAATZ 38-47 C generate in a year?
- SPAATZ 38-47 C is forecast to net about $14.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPAATZ 38-47 C 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 | 64857 |
| Wellbores | 2 |
| Reported production | 151,545 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $73.8M |
Where SPAATZ 38-47 C 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.