SPAATZ 38-47 E
SPAATZ 38-47 E 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 January 2026 to August 2026, totalling 85,241 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 $55.3M, with roughly $10.5M 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 13,384 barrels a month. Its strongest month on the record we hold was April 2026, at 31,629 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 E
- Who operates SPAATZ 38-47 E?
- SPAATZ 38-47 E is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is SPAATZ 38-47 E?
- SPAATZ 38-47 E is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64870.
- Is SPAATZ 38-47 E still producing?
- SPAATZ 38-47 E is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SPAATZ 38-47 E is August 2026.
- How much has SPAATZ 38-47 E produced?
- SPAATZ 38-47 E has reported 85,241 barrels of oil (bbl) to the Railroad Commission of Texas between January 2026 and August 2026, from 1 wellbore.
- How much is SPAATZ 38-47 E worth?
- The remaining production from SPAATZ 38-47 E is estimated to be worth about $55.3M in total as of 26 August 2026, within a range of $45.4M to $65.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPAATZ 38-47 E is a fraction of it. The estimate fits an Arps decline curve to the production SPAATZ 38-47 E 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 E is an estimate of value, not an offer and not an appraisal.
- How much income does SPAATZ 38-47 E generate in a year?
- SPAATZ 38-47 E is forecast to net about $10.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPAATZ 38-47 E 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 | 64870 |
| Wellbores | 1 |
| Reported production | 85,241 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $55.3M |
Where SPAATZ 38-47 E 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.