VANDENBERG WEST 12-24 UNIT
VANDENBERG WEST 12-24 UNIT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 12 wellbores on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 4,172,655 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 $58.6M, with roughly $29.8M 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 56,356 barrels a month, about 4,696 per wellbore. Its strongest month on the record we hold was March 2023, at 198,892 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 VANDENBERG WEST 12-24 UNIT
- Who operates VANDENBERG WEST 12-24 UNIT?
- VANDENBERG WEST 12-24 UNIT is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is VANDENBERG WEST 12-24 UNIT?
- VANDENBERG WEST 12-24 UNIT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57510.
- Is VANDENBERG WEST 12-24 UNIT still producing?
- VANDENBERG WEST 12-24 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VANDENBERG WEST 12-24 UNIT is August 2026.
- How much has VANDENBERG WEST 12-24 UNIT produced?
- VANDENBERG WEST 12-24 UNIT has reported 4,172,655 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 12 wellbores.
- How much is VANDENBERG WEST 12-24 UNIT worth?
- The remaining production from VANDENBERG WEST 12-24 UNIT is estimated to be worth about $58.6M in total as of 27 August 2026, within a range of $48.1M to $69.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VANDENBERG WEST 12-24 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production VANDENBERG WEST 12-24 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VANDENBERG WEST 12-24 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does VANDENBERG WEST 12-24 UNIT generate in a year?
- VANDENBERG WEST 12-24 UNIT is forecast to net about $29.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VANDENBERG WEST 12-24 UNIT 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 | 57510 |
| Wellbores | 12 |
| Reported production | 4,172,655 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $58.6M |
Where VANDENBERG WEST 12-24 UNIT 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.