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Texas oil lease

Producing

ABRAXAS "32-B"

Abraxas "32-B" is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

1,031bbl oil, last 12 months−32% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-41949

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Oil in Jul 2026
57 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for ABRAXAS "32-B", Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 1,031 bbl in the 12 months through Jul 2026, against 1,506 bbl in the 12 months before.Last 12 months: 1,031 bblbbl per monthmcf per month00501010020150302004025050Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for ABRAXAS "32-B", Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 1,031 bbl in the 12 months through Jul 2026, against 1,506 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00501010020150302004025050Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the only month reported

Flaring peaked at 100.0% of the gas in Jun 2024.

All of the gas went to flaring in the only month reportedShare of ABRAXAS "32-B" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the only month reported. Flaring peaked at 100.0% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the only month reportedShare of ABRAXAS "32-B" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the only month reported. Flaring peaked at 100.0% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the only month reported. One month 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 "32-B"
API numberWell no.Status
42-317-369108Shut-in
42-317-3823110Active

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

161.70 acres on the newest permit

Check your decimal on this lease
Permits for Abraxas "32-B"
API numberWell no.Acreson the permit
42-317-3823110161.70
42-317-369108161.70

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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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 "32-B"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA57136000$80.46$2.89
Jun 2026Ovintiv USA950000$84.81$3.15
May 2026Ovintiv USA71108000$102.13$2.94
Apr 2026Ovintiv USA700000$100.32$2.77
Mar 2026Ovintiv USA6969000$91.38$3.04
Feb 2026Ovintiv USA3480000$64.51$3.62
Jan 2026Ovintiv USA10575000$60.04$7.72
Dec 2025Ovintiv USA12660000$57.97$4.26
Nov 2025Ovintiv USA6283000$60.06$3.79
Oct 2025Ovintiv USA83203000$60.89$3.19
Sep 2025Ovintiv USA12699000$63.96$2.97
Aug 2025Ovintiv USA133150000$64.86$2.91
Jul 2025Ovintiv USA151126000$68.39$3.20
Jun 2025Ovintiv USA207249000$68.17$3.02
May 2025Ovintiv USA208222000$62.17$3.12
Apr 2025Ovintiv USA190108000$63.54$3.42
Mar 2025Ovintiv USA201258000$68.24$4.12
Feb 2025Ovintiv USA209230000$71.53$4.19
Jan 2025Ovintiv USA340000$75.74$4.13
Dec 2024Ovintiv USA491000$70.12$3.01
Nov 2024Ovintiv USA480000$69.95$2.12
Oct 2024Ovintiv USA5994000$71.99$2.20
Sep 2024Ovintiv USA8783000$70.24$2.28
Aug 2024Ovintiv USA631000$76.68$1.99
Jul 2024Ovintiv USA1275000$81.80$2.07
Jun 2024Ovintiv USA12045045$79.77$2.54
May 2024Ovintiv USA70000$80.02$2.12
Apr 2024Ovintiv USA350000$85.35$1.60
Mar 2024Ovintiv USA55101000$81.28$1.49
Feb 2024Ovintiv USA10499000$77.25$1.72
Jan 2024Ovintiv USA470000$74.15$3.18
Dec 2023Ovintiv USA8293000$71.90$2.52
Nov 2023Ovintiv USA7795000$77.69$2.71
Oct 2023Ovintiv USA6498000$85.64$2.98
Sep 2023Ovintiv USA85101000$89.43$2.64
Aug 2023Ovintiv USA6496000$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 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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