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Texas oil lease

Producing

ABRAXAS '32C'

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

1 well

1,035bbl oil, last 12 months+16% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-43683

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Where it sits

This county

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

Production by month

Oil output rose 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 16% over the last 12 monthsMonthly oil production and gas for ABRAXAS '32C', Aug 2023 to Jul 2026. Oil output rose 16% over the last 12 months. 1,035 bbl in the 12 months through Jul 2026, against 889 bbl in the 12 months before.Last 12 months: 1,035 bblbbl per monthmcf per month005010100201503020040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 16% over the last 12 monthsMonthly oil production and gas for ABRAXAS '32C', Aug 2023 to Jul 2026. Oil output rose 16% over the last 12 months. 1,035 bbl in the 12 months through Jul 2026, against 889 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005010100201503020040Jan 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 2 months reported

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

All of the gas went to flaring in the 2 months reportedShare of ABRAXAS '32C' gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 2 months 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 2 months reportedShare of ABRAXAS '32C' gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 2 months 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 2 months reported. 2 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.

1 well on this lease

Wells on ABRAXAS '32C'
API numberWell no.Status
42-317-380411Active

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

80.80 acres on the newest permit

Permits for Abraxas '32C'
API numberWell no.Acreson the permit
42-317-38041180.80

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 '32C'
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA054000$80.46$2.89
Jun 2026Ovintiv USA60000$84.81$3.15
May 2026Ovintiv USA1988000$102.13$2.94
Apr 2026Ovintiv USA250000$100.32$2.77
Mar 2026Ovintiv USA29121000$91.38$3.04
Feb 2026Ovintiv USA97107000$64.51$3.62
Jan 2026Ovintiv USA141106000$60.04$7.72
Dec 2025Ovintiv USA149144000$57.97$4.26
Nov 2025Ovintiv USA173115000$60.06$3.79
Oct 2025Ovintiv USA128172000$60.89$3.19
Sep 2025Ovintiv USA9694000$63.96$2.97
Aug 2025Ovintiv USA17247000$64.86$2.91
Jul 2025Ovintiv USA3262000$68.39$3.20
Jun 2025Ovintiv USA104138000$68.17$3.02
May 2025Ovintiv USA108178000$62.17$3.12
Apr 2025Ovintiv USA15286000$63.54$3.42
Mar 2025Ovintiv USA161146000$68.24$4.12
Feb 2025Ovintiv USA109137000$71.53$4.19
Jan 2025Ovintiv USA270000$75.74$4.13
Dec 2024Ovintiv USA310000$70.12$3.01
Nov 2024Ovintiv USA00000$69.95$2.12
Oct 2024Ovintiv USA4182000$71.99$2.20
Sep 2024Ovintiv USA6979000$70.24$2.28
Aug 2024Ovintiv USA551000$76.68$1.99
Jul 2024Ovintiv USA1272101$81.80$2.07
Jun 2024Ovintiv USA14033033$79.77$2.54
May 2024Ovintiv USA80000$80.02$2.12
Apr 2024Ovintiv USA290000$85.35$1.60
Mar 2024Ovintiv USA6289000$81.28$1.49
Feb 2024Ovintiv USA8991000$77.25$1.72
Jan 2024Ovintiv USA410000$74.15$3.18
Dec 2023Ovintiv USA7993000$71.90$2.52
Nov 2023Ovintiv USA7792000$77.69$2.71
Oct 2023Ovintiv USA6490000$85.64$2.98
Sep 2023Ovintiv USA8385000$89.43$2.64
Aug 2023Ovintiv USA4787000$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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