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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 62963

Producing

K2 25X

K2 25X is an oil lease in Howard County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field. The Railroad Commission shows 113,570 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

113,570bbl oil, last 12 months
Operator
Ovintiv USA Inc.
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-62963

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County · RRC district 08Open Howard County →
Gas, last 12 months
575,851 mcf
Oil in Jul 2026
6,218 bbl
Reporting to the state
since Oct 2024
Wells
2

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 84% since Oct 2024

Monthly average of 6,703 bbl in the latest 3 months, against 40,726 bbl in the first 3.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 84% since Oct 2024Monthly oil production and gas for K2 25X, Oct 2024 to Jul 2026. Oil output fell 84% since Oct 2024. Monthly average of 6,703 bbl in the latest 3 months, against 40,726 bbl in the first 3.Last 12 months: 113,570 bblbbl per monthmcf per month0020k20k40k40k60k60k80k80kOct 24Jan 25AprJulOctJan 26AprJul
Oil output fell 84% since Oct 2024Monthly oil production and gas for K2 25X, Oct 2024 to Jul 2026. Oil output fell 84% since Oct 2024. Monthly average of 6,703 bbl in the latest 3 months, against 40,726 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0020k20k40k40k60k60k80k80kJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 62963, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 15.0% of the gas in Jan 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 K2 25X gas by disposition code each month, Oct 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 15.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 15.0%Oct 24Jan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of K2 25X gas by disposition code each month, Oct 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 15.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 15.0%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 62963, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 0.8% of the gas was flared. 2 months went above 3%, which we mark in the ledger below.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Ovintiv USA Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeOvintiv USA Inc., Oct 2024 to Jul 202620252026Ovintiv USA Inc.Oct 2024 to nowthrough Jul 2026
Operators of this lease over timeOvintiv USA Inc., Oct 2024 to Jul 202620252026Ovintiv USA Inc.Oct 2024 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

2 wells on this lease

Every well the Railroad Commission links to oil lease 62963 in district 08. The API number is the state’s ID for a well.
Wells on K2 25X
API numberWell no.Status
42-227-424606HFActive
42-227-424617HKActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 62963.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Medallion Operating Company, LLC gathers it.

    100% of it, on the list since Oct 29, 2024

  • Gas from oil wells

    Enterprise Products Operating LLC buys and gathers it.

    Enterprise Products Operating LLC buys it: 100% of it, on the list since Oct 29, 2024 · Enterprise Products Operating LLC gathers it: 100% of it, on the list since Oct 29, 2024

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

746.42 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
22 not plugged
Horizontal
2
First completion
Oct 29, 2024
Latest permit
Apr 10, 2024

An allocation well is on this lease

A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Wells and acres on the permits for K2 25X
API numberWell no.Acreson the permit
42-227-424606HF746.42
42-227-424617HK746.42

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says K2 25X sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

22 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for K2 25X
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Ovintiv USA6,2186,21950,36349,540794$80.46$2.89
Jun 2026Ovintiv USA6,4476,45751,67351,398246$84.81$3.15
May 2026Ovintiv USA7,4437,44854,41854,31771$102.13$2.94
Apr 2026Ovintiv USA7,6477,64852,99552,94323$100.32$2.77
Mar 2026Ovintiv USA8,6458,63154,59553,3891,175$91.38$3.04
Feb 2026Ovintiv USA8,3618,38250,37250,31332$64.51$3.62
Jan 2026Ovintiv USA10,06610,05141,56841,337209$60.04$7.72
Dec 2025Ovintiv USA10,32710,33139,69039,63633$57.97$4.26
Nov 2025Ovintiv USA10,17210,18238,01637,035960$60.06$3.79
Oct 2025Ovintiv USA11,92811,91946,31846,195100$60.89$3.19
Sep 2025Ovintiv USA12,49112,50146,67846,290365$63.96$2.97
Aug 2025Ovintiv USA13,82513,83649,16548,339802$64.86$2.91
Jul 2025Ovintiv USA15,51115,48451,01550,97516$68.39$3.20
Jun 2025Ovintiv USA16,51216,51648,11447,989103$68.17$3.02
May 2025Ovintiv USA18,76418,75347,79847,628149$62.17$3.12
Apr 2025Ovintiv USA20,79420,80145,01242,6422,351$63.54$3.42
Mar 2025Ovintiv USA25,00824,95750,54950,51317$68.24$4.12
Feb 2025Ovintiv USA27,97227,96454,89954,83445$71.53$4.19
Jan 2025Ovintiv USA37,57437,58360,39051,3309,037$75.74$4.13
Dec 2024Ovintiv USA55,20955,21270,25768,5841,649$70.12$3.01
Nov 2024Ovintiv USA66,96866,92850,63550,233375$69.95$2.12
Oct 2024Ovintiv USA00000$71.99$2.20

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyHoward County

Ovintiv USA Inc. in Howard County

All Ovintiv USA Inc. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • K2 25G

    55,465 bbl last 12 months · 0 km away

  • K2 25F

    105,095 bbl last 12 months · 0 km away

  • IDEN 25E

    40,756 bbl last 12 months · 0.2 km away

  • IDEN 25D

    39,598 bbl last 12 months · 0.3 km away

  • K2 25D

    48,665 bbl last 12 months · 0.4 km away

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 62963, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.

FAQ

Questions about K2 25X

Who operates the K2 25X lease?

The Railroad Commission lists Ovintiv USA Inc. (operator number 628658) as the operator of this lease in Howard County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the K2 25X lease produced?

The lease reported 113,570 bbl of oil and 575,851 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 22 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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