Skip to content
Royalty Clerk

Texas oil lease

Producing

FAYTH 38E

Fayth 38E is an oil lease in Midland County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

33,610bbl oil, last 12 months+7% vs prior year
Operator
Ovintiv USA Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-50930

Is your check right?

Check my statement

Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
28,064 mcf
Oil in Jul 2026
2,954 bbl

Production by month

Oil output rose 7% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 7% over the last 12 monthsMonthly oil production and gas for FAYTH 38E, Aug 2023 to Jul 2026. Oil output rose 7% over the last 12 months. 33,610 bbl in the 12 months through Jul 2026, against 31,543 bbl in the 12 months before.Last 12 months: 33,610 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 7% over the last 12 monthsMonthly oil production and gas for FAYTH 38E, Aug 2023 to Jul 2026. Oil output rose 7% over the last 12 months. 33,610 bbl in the 12 months through Jul 2026, against 31,543 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kJan 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 17.4% of the gas in Jun 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of FAYTH 38E 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 17.4% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 17.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of FAYTH 38E 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 17.4% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 17.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    84% · 23,580 mcf

  • Transmission line (2)

    15% · 4,288 mcf

  • Flared (4)

    0.5% · 150 mcf

  • Lease fuel (1)

    0.2% · 46 mcf

0.5% of the gas flared in the last 12 months. 4 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2020

Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now
Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on FAYTH 38E
API numberWell no.Status
42-329-424012HEActive
42-329-424021HFActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Aug 18, 2018
Energy Transfer CompanyCasinghead gasBuys100Aug 18, 2018
Energy Transfer CompanyCasinghead gasGathers100Aug 18, 2018

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

Who buys my oilOil price check

648.02 acres on the newest permit

An allocation well is on this lease

The wells on this lease state different acreage

The permits state between 648.02 and 1,375.5 acres.

Permits for Fayth 38E
API numberWell no.Acreson the permit
42-329-424021HF648.02
42-329-424012HE1,375.50

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 FAYTH 38E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA2,9542,9415,5695,5536$80.46$2.89
Jun 2026Ovintiv USA2,6032,5984,8564,8474$84.81$3.15
May 2026Ovintiv USA2,1662,2063,5503,5470$102.13$2.94
Apr 2026Ovintiv USA2,7702,7583,7803,7730$100.32$2.77
Mar 2026Ovintiv USA3,2223,2135,2305,19425$91.38$3.04
Feb 2026Ovintiv USA3,0143,0411,7121,69712$64.51$3.62
Jan 2026Ovintiv USA3,2443,29399290090$60.04$7.72
Dec 2025Ovintiv USA2,7012,6256926910$57.97$4.26
Nov 2025Ovintiv USA2,9022,8977587542$60.06$3.79
Oct 2025Ovintiv USA2,9422,9504914882$60.89$3.19
Sep 2025Ovintiv USA2,7292,7312192171$63.96$2.97
Aug 2025Ovintiv USA2,3632,3902152078$64.86$2.91
Jul 2025Ovintiv USA2,1162,150978512$68.39$3.20
Jun 2025Ovintiv USA2,0091,947927516$68.17$3.02
May 2025Ovintiv USA1,6761,6702,2272,20810$62.17$3.12
Apr 2025Ovintiv USA1,2651,3092,8672,80157$63.54$3.42
Mar 2025Ovintiv USA2,7692,76410,37910,3439$68.24$4.12
Feb 2025Ovintiv USA3,3623,35411,29611,2780$71.53$4.19
Jan 2025Ovintiv USA3,5793,57211,70911,6920$75.74$4.13
Dec 2024Ovintiv USA3,5763,58210,33010,3150$70.12$3.01
Nov 2024Ovintiv USA3,0933,0678,1318,1190$69.95$2.12
Oct 2024Ovintiv USA3,1713,1517,9397,9280$71.99$2.20
Sep 2024Ovintiv USA1,6001,6287,2627,2520$70.24$2.28
Aug 2024Ovintiv USA3,3273,33712,41412,3970$76.68$1.99
Jul 2024Ovintiv USA3,6603,64214,96114,84794$81.80$2.07
Jun 2024Ovintiv USA2,9212,93810,56410,5471$79.77$2.54
May 2024Ovintiv USA2,9872,97511,60411,49888$80.02$2.12
Apr 2024Ovintiv USA3,0243,0239,9199,9030$85.35$1.60
Mar 2024Ovintiv USA3,6203,62211,18411,1690$81.28$1.49
Feb 2024Ovintiv USA3,8083,7899,8129,7990$77.25$1.72
Jan 2024Ovintiv USA2,9752,9725,3955,3880$74.15$3.18
Dec 2023Ovintiv USA2,6182,6072,4522,4490$71.90$2.52
Nov 2023Ovintiv USA1,7941,7938508481$77.69$2.71
Oct 2023Ovintiv USA1,5831,5803,4543,43117$85.64$2.98
Sep 2023Ovintiv USA2,0432,0812,7802,7760$89.43$2.64
Aug 2023Ovintiv USA3,8933,86315,24815,2280$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.

How to check your stub against this lease

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyMidland County

Ovintiv USA Inc. in Midland County

All Ovintiv USA Inc. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km