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Texas oil lease

Producing

DRUM 23

Drum 23 is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

2,619bbl oil, last 12 months−2% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-42831

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
7,197 mcf
Oil in Jul 2026
209 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for DRUM 23, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,619 bbl in the 12 months through Jul 2026, against 2,681 bbl in the 12 months before.Last 12 months: 2,619 bblbbl per monthmcf per month00100200200400300600400800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for DRUM 23, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,619 bbl in the 12 months through Jul 2026, against 2,681 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100200200400300600400800Jan 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 100.0% of the gas in Oct 2023.

  • 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 DRUM 23 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 100.0% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of DRUM 23 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 100.0% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    80% · 5,734 mcf

  • Transmission line (2)

    15% · 1,100 mcf

  • Flared (4)

    5.0% · 363 mcf

5.0% of the gas flared in the last 12 months. 14 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, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Black Swan Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timeBlack Swan Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Black Swan Operating, 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 DRUM 23
API numberWell no.Status
42-317-374021Active
42-317-374032Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers100Dec 1, 2023Aug 1, 2026
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Dec 1, 2023
Lion Oil Trading & Trans, LLCOilGathers50Oct 1, 2019Dec 1, 2023
Plains Marketing, L.p.OilGathers50Oct 1, 2019Dec 1, 2023
Lion Oil Trading & Trans, LLCOilGathers100Apr 1, 2016Oct 1, 2019

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

Who buys my oilOil price check

160 acres on the newest permit

Permits for Drum 23
API numberWell no.Acreson the permit
42-317-374021160
42-317-374032160

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 DRUM 23
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA2093605975970$80.46$2.89
Jun 2026Ovintiv USA2301785815810$84.81$3.15
May 2026Ovintiv USA18218952951910$102.13$2.94
Apr 2026Ovintiv USA1701615365360$100.32$2.77
Mar 2026Ovintiv USA2101975665660$91.38$3.04
Feb 2026Ovintiv USA2021835055050$64.51$3.62
Jan 2026Ovintiv USA22318149141873$60.04$7.72
Dec 2025Ovintiv USA2533766776770$57.97$4.26
Nov 2025Ovintiv USA1891836916910$60.06$3.79
Oct 2025Ovintiv USA2441697247240$60.89$3.19
Sep 2025Ovintiv USA2433557527520$63.96$2.97
Aug 2025Ovintiv USA264179548268280$64.86$2.91
Jul 2025Ovintiv USA2701884660466$68.39$3.20
Jun 2025Ovintiv USA351372609369240$68.17$3.02
May 2025Ovintiv USA20418431326449$62.17$3.12
Apr 2025Ovintiv USA1211874024020$63.54$3.42
Mar 2025Ovintiv USA1631904954950$68.24$4.12
Feb 2025Ovintiv USA2211845875870$71.53$4.19
Jan 2025Ovintiv USA2161745705700$75.74$4.13
Dec 2024Ovintiv USA215373398233165$70.12$3.01
Nov 2024Ovintiv USA2141812040204$69.95$2.12
Oct 2024Ovintiv USA25819451345657$71.99$2.20
Sep 2024Ovintiv USA2311735075070$70.24$2.28
Aug 2024Ovintiv USA2171892342340$76.68$1.99
Jul 2024Ovintiv USA2283685585580$81.80$2.07
Jun 2024Ovintiv USA2951786226220$79.77$2.54
May 2024Ovintiv USA3855406566560$80.02$2.12
Apr 2024Ovintiv USA34619044342122$85.35$1.60
Mar 2024Ovintiv USA82183000$81.28$1.49
Feb 2024Ovintiv USA1060000$77.25$1.72
Jan 2024Ovintiv USA172379000$74.15$3.18
Dec 2023Ovintiv USA168071071$71.90$2.52
Nov 2023Ovintiv USA17050050$77.69$2.71
Oct 2023Ovintiv USA751611110111$85.64$2.98
Sep 2023Ovintiv USA15117734122319$89.43$2.64
Aug 2023Ovintiv USA23117739335934$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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