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Texas oil lease

Producing

GIBSON 8E

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

1 well

71,274bbl oil, last 12 months
RRC lease
08-63038

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
285,333 mcf
Oil in Jul 2026
6,066 bbl

Production by month

Oil output fell 68% since Nov 2024

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 68% since Nov 2024Monthly oil production and gas for GIBSON 8E, Nov 2024 to Jul 2026. Oil output fell 68% since Nov 2024. Monthly average of 5,946 bbl in the latest 3 months, against 18,746 bbl in the first 3.Last 12 months: 71,274 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 25AprJulOctJan 26AprJul
Oil output fell 68% since Nov 2024Monthly oil production and gas for GIBSON 8E, Nov 2024 to Jul 2026. Oil output fell 68% since Nov 2024. Monthly average of 5,946 bbl in the latest 3 months, against 18,746 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 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 8E 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 8E 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)

    76% · 217,061 mcf

  • Transmission line (2)

    20% · 58,062 mcf

  • Flared (4)

    3.4% · 9,782 mcf

  • Lease fuel (1)

    0.2% · 428 mcf

3.4% of the gas flared in the last 12 months. 12 months above 3%.

1 well on this lease

Wells on GIBSON 8E
API numberWell no.Status
42-227-425208HJActive

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).

646.20 acres on the newest permit

An allocation well is on this lease

Permits for Gibson 8E
API numberWell no.Acreson the permit
42-227-425208HJ646.20

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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 8E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,0666,06030,41330,145223$80.46$2.89
Jun 20265,4455,45527,82427,655127$84.81$3.15
May 20266,3276,32730,49430,40739$102.13$2.94
Apr 20266,5096,49529,53429,43457$100.32$2.77
Mar 20265,2195,22222,60721,3901,181$91.38$3.04
Feb 20265,7315,72523,36821,6221,708$64.51$3.62
Jan 20265,3345,33520,73620,63965$60.04$7.72
Dec 20254,4944,49615,25315,20623$57.97$4.26
Nov 20254,8044,79615,98615,93329$60.06$3.79
Oct 20255,0405,05415,89415,138734$60.89$3.19
Sep 20258,0858,07827,20624,5012,665$63.96$2.97
Aug 20258,2208,22826,01823,0532,931$64.86$2.91
Jul 202511,53111,52833,73230,2083,486$68.39$3.20
Jun 202511,80511,82737,27428,8948,336$68.17$3.02
May 202513,58913,57844,88731,90112,934$62.17$3.12
Apr 202514,95814,94937,75230,1377,577$63.54$3.42
Mar 202518,06518,08237,64337,303304$68.24$4.12
Feb 202518,39618,40229,51128,578906$71.53$4.19
Jan 202533,99833,98036,51529,6356,848$75.74$4.13
Dec 202418,79818,79714,93014,429474$70.12$3.01
Nov 20243,4433,4061,7241,7042$69.95$2.12

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

Ovintiv USA Inc. in Howard County

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Spraberry (Trend Area) field

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