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ABRAXAS '16'

Abraxas '16' is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

2,600bbl oil, last 12 months−42% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-43403

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
1,711 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output fell 42% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for ABRAXAS '16', Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 2,600 bbl in the 12 months through Jul 2026, against 4,497 bbl in the 12 months before.Last 12 months: 2,600 bblbbl per monthmcf per month002502005004007506001,000800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for ABRAXAS '16', Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 2,600 bbl in the 12 months through Jul 2026, against 4,497 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502005004007506001,000800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to flaring in the 9 months reported

Flaring peaked at 100.0% of the gas in May 2025.

  • Processing plant (3)
  • Flared (4)
97% of the gas went to flaring in the 9 months reportedShare of ABRAXAS '16' gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to flaring in the 9 months reported. Flaring peaked at 100.0% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to flaring in the 9 months reportedShare of ABRAXAS '16' gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to flaring in the 9 months reported. Flaring peaked at 100.0% of the gas in May 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    97% · 1,912 mcf

  • Processing plant (3)

    2.9% · 58 mcf

97.1% of the gas flared in the 9 months reported. 8 months above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timePetrolegacy Energy II, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Petrolegacy Energy II, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePetrolegacy Energy II, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Petrolegacy Energy II, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on ABRAXAS '16'
API numberWell no.Status
42-317-378281Active
42-317-385192Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Nov 1, 2020–
Wtg Gas Processing, L.p.Casinghead gasGathers100Dec 1, 2019Nov 1, 2020
Wtg Gas Processing, L.p.Casinghead gasBuys100Dec 1, 2019Nov 1, 2020
Lion Oil Trading & Trans, LLCOilGathers100Dec 1, 2019Nov 1, 2020
Rio Energy International, Inc.OilGathers100Sep 1, 2018Dec 1, 2019

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

322.90 acres on the newest permit

Permits for Abraxas '16'
API numberWell no.Acreson the permit
42-317-385192322.90
42-317-378281322.90

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for ABRAXAS '16'
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA00000$80.46$2.89
Jun 2026Ovintiv USA00000$84.81$3.15
May 2026Ovintiv USA00000$102.13$2.94
Apr 2026Ovintiv USA00000$100.32$2.77
Mar 2026Ovintiv USA00000$91.38$3.04
Feb 2026Ovintiv USA00000$64.51$3.62
Jan 2026Ovintiv USA00000$60.04$7.72
Dec 2025Ovintiv USA4266023310331$57.97$4.26
Nov 2025Ovintiv USA6885675710571$60.06$3.79
Oct 2025Ovintiv USA6327284600460$60.89$3.19
Sep 2025Ovintiv USA5995433340334$63.96$2.97
Aug 2025Ovintiv USA25518915015$64.86$2.91
Jul 2025Ovintiv USA28938064064$68.39$3.20
Jun 2025Ovintiv USA2771721230123$68.17$3.02
May 2025Ovintiv USA12120014014$62.17$3.12
Apr 2025Ovintiv USA169179000$63.54$3.42
Mar 2025Ovintiv USA850000$68.24$4.12
Feb 2025Ovintiv USA484585000$71.53$4.19
Jan 2025Ovintiv USA585535000$75.74$4.13
Dec 2024Ovintiv USA683739000$70.12$3.01
Nov 2024Ovintiv USA273179000$69.95$2.12
Oct 2024Ovintiv USA600694000$71.99$2.20
Sep 2024Ovintiv USA447380000$70.24$2.28
Aug 2024Ovintiv USA484537000$76.68$1.99
Jul 2024Ovintiv USA678539000$81.80$2.07
Jun 2024Ovintiv USA726716000$79.77$2.54
May 2024Ovintiv USA779912000$80.02$2.12
Apr 2024Ovintiv USA563548000$85.35$1.60
Mar 2024Ovintiv USA210169000$81.28$1.49
Feb 2024Ovintiv USA417370000$77.25$1.72
Jan 2024Ovintiv USA873920000$74.15$3.18
Dec 2023Ovintiv USA59258458580$71.90$2.52
Nov 2023Ovintiv USA908933000$77.69$2.71
Oct 2023Ovintiv USA344553000$85.64$2.98
Sep 2023Ovintiv USA709586000$89.43$2.64
Aug 2023Ovintiv USA749744000$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyMartin County

Ovintiv USA Inc. in Martin County

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Spraberry (Trend Area) field

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