SPAATZ
SPAATZ 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 June 2025 to August 2026, totalling 12,558 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 $572K, with roughly $383K 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 1,012 barrels a month. Its strongest month on the record we hold was September 2025, at 1,427 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 SPAATZ
- Who operates SPAATZ?
- SPAATZ is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is SPAATZ?
- SPAATZ is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63425.
- Is SPAATZ still producing?
- SPAATZ is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPAATZ is August 2026.
- How much has SPAATZ produced?
- SPAATZ has reported 12,558 barrels of oil (bbl) to the Railroad Commission of Texas between June 2025 and August 2026, from 1 wellbore.
- How much is SPAATZ worth?
- The remaining production from SPAATZ is estimated to be worth about $572K in total as of 26 August 2026, within a range of $474K to $669K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPAATZ is a fraction of it. The estimate fits an Arps decline curve to the production SPAATZ has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPAATZ is an estimate of value, not an offer and not an appraisal.
- How much income does SPAATZ generate in a year?
- SPAATZ is forecast to net about $383K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPAATZ 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 | 63425 |
| Wellbores | 1 |
| Reported production | 12,558 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $572K |
Where SPAATZ 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.