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Texas oil lease

Producing

GIBSON 8B

Gibson 8B is an oil lease in Howard County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

163,392bbl oil, last 12 months
Operator
Ovintiv USA Inc.
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-63036

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
440,872 mcf
Oil in Jul 2026
10,954 bbl

Production by month

Oil output fell 82% since Nov 2024

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 82% since Nov 2024Monthly oil production and gas for GIBSON 8B, Nov 2024 to Jul 2026. Oil output fell 82% since Nov 2024. Monthly average of 10,863 bbl in the latest 3 months, against 61,020 bbl in the first 3.Last 12 months: 163,392 bblbbl per monthmcf per month0025k25k50k50k75k75k100k100kJan 25AprJulOctJan 26AprJul
Oil output fell 82% since Nov 2024Monthly oil production and gas for GIBSON 8B, Nov 2024 to Jul 2026. Oil output fell 82% since Nov 2024. Monthly average of 10,863 bbl in the latest 3 months, against 61,020 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0025k25k50k50k75k75k100k100kJan 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 28.8% of the gas in May 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 GIBSON 8B gas by disposition code each month, Nov 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 28.8% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 28.8%Jan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of GIBSON 8B gas by disposition code each month, Nov 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 28.8% of the gas in May 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 28.8%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    81% · 357,522 mcf

  • Transmission line (2)

    15% · 65,665 mcf

  • Flared (4)

    3.9% · 17,029 mcf

  • Lease fuel (1)

    0.1% · 656 mcf

3.9% of the gas flared in the last 12 months. 12 months above 3%.

2 wells on this lease

Wells on GIBSON 8B
API numberWell no.Status
42-227-425162HJActive
42-227-425243HKActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Nov 16, 2024
Enterprise Products Operating LLCCasinghead gasBuys100Nov 16, 2024
Enterprise Products Operating LLCCasinghead gasGathers100Nov 16, 2024

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

Who buys my oilOil price check

964.88 acres on the newest permit

An allocation well is on this lease

Permits for Gibson 8B
API numberWell no.Acreson the permit
42-227-425162HJ964.88
42-227-425243HK964.88

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

21 months, newest first

Ledger for GIBSON 8B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202610,95410,95137,56837,238275$80.46$2.89
Jun 202611,18911,19336,29836,078165$84.81$3.15
May 202610,44510,44829,67129,58738$102.13$2.94
Apr 202611,20511,19931,40131,29461$100.32$2.77
Mar 202612,57312,57333,91132,0851,772$91.38$3.04
Feb 202612,20212,19536,96534,2022,703$64.51$3.62
Jan 202613,06413,07730,12329,98295$60.04$7.72
Dec 202512,92912,93532,85632,75450$57.97$4.26
Nov 202513,85713,84336,42736,30665$60.06$3.79
Oct 202516,74716,75143,11941,0691,991$60.89$3.19
Sep 202516,43716,44041,39037,2754,054$63.96$2.97
Aug 202521,79021,78751,14345,3175,760$64.86$2.91
Jul 202522,64322,63644,70740,0364,620$68.39$3.20
Jun 202522,73422,78338,70430,0028,656$68.17$3.02
May 202527,84627,82941,71129,64412,018$62.17$3.12
Apr 202532,63632,61559,04147,13211,850$63.54$3.42
Mar 202538,69838,74658,54358,015472$68.24$4.12
Feb 202543,48443,51358,67856,8231,801$71.53$4.19
Jan 202588,01788,04286,91970,54116,301$75.74$4.13
Dec 202483,72983,68056,56354,6691,793$70.12$3.01
Nov 202411,31311,1895,0855,0246$69.95$2.12

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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This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyHoward County

Ovintiv USA Inc. in Howard County

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Spraberry (Trend Area) field

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