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Texas oil lease

Producing

MADISON 04E

Madison 04E is an oil lease in Howard County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

1 well

42,702bbl oil, last 12 months−23% vs prior year
Operator
Ovintiv USA Inc.
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-56089

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
228,498 mcf
Oil in Jul 2026
3,206 bbl

Production by month

Oil output fell 23% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for MADISON 04E, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 42,702 bbl in the 12 months through Jul 2026, against 55,648 bbl in the 12 months before.Last 12 months: 42,702 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for MADISON 04E, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 42,702 bbl in the 12 months through Jul 2026, against 55,648 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 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 46.2% of the gas in Sep 2023.

  • 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 MADISON 04E 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 46.2% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 46.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of MADISON 04E 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 46.2% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 46.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    82% · 188,046 mcf

  • Transmission line (2)

    12% · 27,910 mcf

  • Flared (4)

    3.0% · 6,806 mcf

  • Lease fuel (1)

    2.5% · 5,736 mcf

3.0% of the gas flared in the last 12 months. 9 months above 3%.

1 well on this lease

Wells on MADISON 04E
API numberWell no.Status
42-227-407054HJActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Nov 10, 2020–
Enterprise Products Operating LLCCasinghead gasBuys100May 1, 2022–
Enterprise Products Operating LLCCasinghead gasGathers100May 1, 2022–
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Nov 10, 2020May 1, 2022
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Nov 10, 2020May 1, 2022

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

Who buys my oilOil price check

1,440.04 acres on the newest permit

An allocation well is on this lease

Permits for Madison 04E
API numberWell no.Acreson the permit
42-227-407054HJ1,440.04

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 MADISON 04E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,2063,21521,68621,16858$80.46$2.89
Jun 20262,6752,69016,22814,8181,018$84.81$3.15
May 20262,1972,23513,54313,0920$102.13$2.94
Apr 20263,7063,69219,63219,00161$100.32$2.77
Mar 20263,8073,75818,46617,9570$91.38$3.04
Feb 20261,4011,4548,7938,414118$64.51$3.62
Jan 20263,1463,11620,40519,415394$60.04$7.72
Dec 20254,3494,38122,59321,0471,024$57.97$4.26
Nov 20254,3684,35822,13821,158481$60.06$3.79
Oct 20254,6354,63622,40720,5001,403$60.89$3.19
Sep 20254,5334,53721,03919,1451,415$63.96$2.97
Aug 20254,6794,63921,56820,241834$64.86$2.91
Jul 20254,9304,93321,37220,86323$68.39$3.20
Jun 20255,2185,27421,18820,551160$68.17$3.02
May 20255,8195,85321,88521,38110$62.17$3.12
Apr 20256,1656,12920,63619,720443$63.54$3.42
Mar 20257,7437,72220,36319,80488$68.24$4.12
Feb 20256,8346,79517,28816,625195$71.53$4.19
Jan 20252,3552,3357,0976,71526$75.74$4.13
Dec 20241,2191,2102,8392,6920$70.12$3.01
Nov 20248879582,8742,70621$69.95$2.12
Oct 20244,0254,29412,99912,250277$71.99$2.20
Sep 20245,2444,95316,24515,249467$70.24$2.28
Aug 20245,2095,22616,42014,7321,124$76.68$1.99
Jul 20245,3375,35115,63613,9451,185$81.80$2.07
Jun 20245,3385,30014,80613,984331$79.77$2.54
May 20245,5465,61114,69214,007191$80.02$2.12
Apr 20245,3615,31514,06613,5740$85.35$1.60
Mar 20245,4975,49813,99413,4690$81.28$1.49
Feb 20245,2855,29113,44913,0060$77.25$1.72
Jan 20246,3396,30114,43613,89668$74.15$3.18
Dec 20233,5653,5969,2018,86215$71.90$2.52
Nov 20236,3816,36915,40214,9420$77.69$2.71
Oct 20236,9676,98716,29015,78812$85.64$2.98
Sep 20237,3357,33316,3538,2947,559$89.43$2.64
Aug 20237,7537,74116,51810,6515,358$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.

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Nearby

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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