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Texas oil lease

Producing

LOFTIN 7

Loftin 7 is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

4,855bbl oil, last 12 months+17% vs prior year
RRC lease
08-43393

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
6,413 mcf
Oil in Jul 2026
274 bbl

Production by month

Oil output rose 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for LOFTIN 7, Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 4,855 bbl in the 12 months through Jul 2026, against 4,166 bbl in the 12 months before.Last 12 months: 4,855 bblbbl per monthmcf per month002002504005006007508001,0001,0001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for LOFTIN 7, Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 4,855 bbl in the 12 months through Jul 2026, against 4,166 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,0001,0001,250Jan 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 LOFTIN 7 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 LOFTIN 7 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)

    75% · 4,807 mcf

  • Transmission line (2)

    13% · 831 mcf

  • Flared (4)

    12% · 775 mcf

12.1% of the gas flared in the last 12 months. 19 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 LOFTIN 7
API numberWell no.Status
42-317-379922Active
42-317-380881Active

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 gasGathers50Dec 1, 2020Dec 1, 2023
Wtg Gas Processing, L.p.Casinghead gasGathers50Dec 1, 2020Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys50Dec 1, 2020Dec 1, 2023
Wtg Gas Processing, L.p.Casinghead gasBuys50Dec 1, 2020Dec 1, 2023
Lion Oil Trading & Trans, LLCOilGathers50Dec 1, 2020Dec 1, 2023

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

180.50 acres on the newest permit

Permits for Loftin 7
API numberWell no.Acreson the permit
42-317-380881180.50
42-317-379922180.50

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

36 months, newest first

Ledger for LOFTIN 7
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA2742642792736$80.46$2.89
Jun 2026Ovintiv USA2171304154150$84.81$3.15
May 2026Ovintiv USA3423694164160$102.13$2.94
Apr 2026Ovintiv USA4063674194190$100.32$2.77
Mar 2026Ovintiv USA4935305465460$91.38$3.04
Feb 2026Ovintiv USA421505679326353$64.51$3.62
Jan 2026Ovintiv USA491591786370416$60.04$7.72
Dec 2025Ovintiv USA2921364994990$57.97$4.26
Nov 2025Ovintiv USA4915231,0611,0610$60.06$3.79
Oct 2025Ovintiv USA6437286576570$60.89$3.19
Sep 2025Ovintiv USA4643633643640$63.96$2.97
Aug 2025Ovintiv USA3213372922920$64.86$2.91
Jul 2025Ovintiv USA29319634524798$68.39$3.20
Jun 2025Ovintiv USA27333734767280$68.17$3.02
May 2025Ovintiv USA4824666500650$62.17$3.12
Apr 2025Ovintiv USA4153664530453$63.54$3.42
Mar 2025Ovintiv USA2464431980198$68.24$4.12
Feb 2025Ovintiv USA3481522270227$71.53$4.19
Jan 2025Ovintiv USA4905214630463$75.74$4.13
Dec 2024Ovintiv USA4244516520652$70.12$3.01
Nov 2024Ovintiv USA5476126870687$69.95$2.12
Oct 2024Ovintiv USA6113966540654$71.99$2.20
Sep 2024Ovintiv USA3775380538$70.24$2.28
Aug 2024Ovintiv USA053000$76.68$1.99
Jul 2024Ovintiv USA1081723900390$81.80$2.07
Jun 2024Ovintiv USA2422693390339$79.77$2.54
May 2024Ovintiv USA282266000$80.02$2.12
Apr 2024Ovintiv USA268311000$85.35$1.60
Mar 2024Ovintiv USA388399000$81.28$1.49
Feb 2024Ovintiv USA463518000$77.25$1.72
Jan 2024Ovintiv USA2271082732730$74.15$3.18
Dec 2023Ovintiv USA355399661650$71.90$2.52
Nov 2023Ovintiv USA4684293840384$77.69$2.71
Oct 2023Ovintiv USA5076865520552$85.64$2.98
Sep 2023Ovintiv USA63950129674222$89.43$2.64
Aug 2023Ovintiv USA3173113853850$81.39$2.58

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 Martin County

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Spraberry (Trend Area) field

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