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Texas oil lease

Producing

CHOPPER 254 B

Chopper 254 B is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

50,729bbl oil, last 12 months−31% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-57729

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
332,131 mcf
Oil in Jul 2026
3,727 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for CHOPPER 254 B, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 50,729 bbl in the 12 months through Jul 2026, against 73,052 bbl in the 12 months before.Last 12 months: 50,729 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for CHOPPER 254 B, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 50,729 bbl in the 12 months through Jul 2026, against 73,052 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 21.8% of the gas in Jan 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of CHOPPER 254 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 21.8% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 21.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of CHOPPER 254 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 21.8% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 21.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    75% · 247,457 mcf

  • Transmission line (2)

    20% · 64,880 mcf

  • Flared (4)

    6.0% · 19,794 mcf

6.0% of the gas flared in the last 12 months. 18 months above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timeBlack Swan Operating, LLC, Aug 2022 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262023202420252026Changed Jun 2023Black Swan Operating, LLCAug 2022 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timeBlack Swan Operating, LLC, Aug 2022 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262023202420252026Changed Jun 2023Black Swan Operating, LLCAug 2022 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 CHOPPER 254 B
API numberWell no.Status
42-317-439701JMActive
42-317-439712WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2022Oct 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Aug 1, 2022Oct 1, 2023
Dk Trading & Supply, LLCOilGathers100Aug 1, 2022Oct 1, 2023

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

Who buys my oilOil price check

687.90 acres on the newest permit

An allocation well is on this lease

Permits for Chopper 254 B
API numberWell no.Acreson the permit
42-317-439701JM687.90
42-317-439712WA687.90

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 CHOPPER 254 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA3,7273,71935,76534,784981$80.46$2.89
Jun 2026Ovintiv USA3,5843,60731,64331,522121$84.81$3.15
May 2026Ovintiv USA4,1464,12833,41133,35853$102.13$2.94
Apr 2026Ovintiv USA4,4634,47732,28531,889396$100.32$2.77
Mar 2026Ovintiv USA4,9204,92132,03131,275756$91.38$3.04
Feb 2026Ovintiv USA4,4254,41328,68927,795894$64.51$3.62
Jan 2026Ovintiv USA5,4345,44532,79125,6277,164$60.04$7.72
Dec 2025Ovintiv USA5,0004,98430,67027,3223,348$57.97$4.26
Nov 2025Ovintiv USA4,6044,60724,30721,5752,732$60.06$3.79
Oct 2025Ovintiv USA4,5394,53022,13219,9612,171$60.89$3.19
Sep 2025Ovintiv USA3,7143,69916,68215,835847$63.96$2.97
Aug 2025Ovintiv USA2,1732,20511,72511,394331$64.86$2.91
Jul 2025Ovintiv USA5,6725,67839,37233,4935,879$68.39$3.20
Jun 2025Ovintiv USA5,6875,67437,93636,1241,812$68.17$3.02
May 2025Ovintiv USA6,0726,07837,47536,740735$62.17$3.12
Apr 2025Ovintiv USA5,3685,34328,99928,847152$63.54$3.42
Mar 2025Ovintiv USA4,7174,72126,77026,397373$68.24$4.12
Feb 2025Ovintiv USA5,3005,35828,20427,0501,154$71.53$4.19
Jan 2025Ovintiv USA6,4176,37330,54830,076472$75.74$4.13
Dec 2024Ovintiv USA7,2367,24231,87928,1043,775$70.12$3.01
Nov 2024Ovintiv USA6,9646,94329,59829,406192$69.95$2.12
Oct 2024Ovintiv USA5,7995,79126,93826,468470$71.99$2.20
Sep 2024Ovintiv USA5,6315,64727,66527,448217$70.24$2.28
Aug 2024Ovintiv USA8,1898,20235,43534,2331,202$76.68$1.99
Jul 2024Ovintiv USA9,3099,30836,29936,129170$81.80$2.07
Jun 2024Ovintiv USA10,72010,72040,08640,01274$79.77$2.54
May 2024Ovintiv USA10,02010,00236,68632,1144,572$80.02$2.12
Apr 2024Ovintiv USA9,6019,61131,02626,4994,527$85.35$1.60
Mar 2024Ovintiv USA8,9808,99821,95821,86395$81.28$1.49
Feb 2024Ovintiv USA10,54210,54429,70029,551149$77.25$1.72
Jan 2024Ovintiv USA13,58113,56838,02635,4402,586$74.15$3.18
Dec 2023Ovintiv USA15,77115,76930,17429,882292$71.90$2.52
Nov 2023Ovintiv USA11,62611,61713,85313,373480$77.69$2.71
Oct 2023Ovintiv USA10,37610,46113,32012,561759$85.64$2.98
Sep 2023Ovintiv USA10,17610,25213,56713,158409$89.43$2.64
Aug 2023Ovintiv USA7,4847,3567,9187,565353$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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