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Texas oil lease

Producing

NEBBIOLO

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

3 wells

5,441bbl oil, last 12 months+56% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-44448

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
5,677 mcf
Oil in Jul 2026
220 bbl

Production by month

Oil output rose 56% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 56% over the last 12 monthsMonthly oil production and gas for NEBBIOLO, Aug 2023 to Jul 2026. Oil output rose 56% over the last 12 months. 5,441 bbl in the 12 months through Jul 2026, against 3,497 bbl in the 12 months before.Last 12 months: 5,441 bblbbl per monthmcf per month002002504005006007508001,0001,0001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 56% over the last 12 monthsMonthly oil production and gas for NEBBIOLO, Aug 2023 to Jul 2026. Oil output rose 56% over the last 12 months. 5,441 bbl in the 12 months through Jul 2026, against 3,497 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

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of NEBBIOLO gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of NEBBIOLO gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 36 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jun 2023

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jun 2021; Black Swan Operating, LLC, Jul 2021 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Jun 2023Diamondback E&P LLCJan 2020 to Jun 2021Black Swan Operating, LLCJul 2021 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jun 2021; Black Swan Operating, LLC, Jul 2021 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Jun 2023Diamondback E&P LLCJan 2020 to Jun 2021Black Swan Operating, LLCJul 2021 to May 2023Ovintiv USA Inc.Jun 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on NEBBIOLO
API numberWell no.Status
42-317-383201Active
42-317-387203Shut-in
42-317-387224Active

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
Enlink Permian, LLCCasinghead gasGathers100Jul 8, 2021Dec 1, 2023
Coronado Midstream LLCCasinghead gasBuys100Jul 8, 2021Dec 1, 2023
Plains Marketing, L.p.OilGathers100Jun 1, 2021Dec 1, 2023
Enlink Permian, LLCCasinghead gasGathers100May 1, 2021Jun 1, 2021
Enlink Gas Marketing, LPCasinghead gasBuys100May 1, 2021Jun 1, 2021

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

Who buys my oilOil price check

403.50 acres on the newest permit

Permits for Nebbiolo
API numberWell no.Acreson the permit
42-317-387203403.50
42-317-387224403.50
42-317-383201403.50

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 NEBBIOLO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA2201842760276$80.46$2.89
Jun 2026Ovintiv USA4955525330533$84.81$3.15
May 2026Ovintiv USA5465336290629$102.13$2.94
Apr 2026Ovintiv USA5685395810581$100.32$2.77
Mar 2026Ovintiv USA5545874590459$91.38$3.04
Feb 2026Ovintiv USA5025685310531$64.51$3.62
Jan 2026Ovintiv USA6575824150415$60.04$7.72
Dec 2025Ovintiv USA6535636520652$57.97$4.26
Nov 2025Ovintiv USA2513613460346$60.06$3.79
Oct 2025Ovintiv USA3313534430443$60.89$3.19
Sep 2025Ovintiv USA4473665870587$63.96$2.97
Aug 2025Ovintiv USA2173692250225$64.86$2.91
Jul 2025Ovintiv USA2851802870287$68.39$3.20
Jun 2025Ovintiv USA2172081460146$68.17$3.02
May 2025Ovintiv USA9948048$62.17$3.12
Apr 2025Ovintiv USA2711903290329$63.54$3.42
Mar 2025Ovintiv USA5305506380638$68.24$4.12
Feb 2025Ovintiv USA2491933270327$71.53$4.19
Jan 2025Ovintiv USA2403733670367$75.74$4.13
Dec 2024Ovintiv USA4215694710471$70.12$3.01
Nov 2024Ovintiv USA4161745120512$69.95$2.12
Oct 2024Ovintiv USA1321884060406$71.99$2.20
Sep 2024Ovintiv USA1551864370437$70.24$2.28
Aug 2024Ovintiv USA5727301,09401,094$76.68$1.99
Jul 2024Ovintiv USA6665619660966$81.80$2.07
Jun 2024Ovintiv USA4463757170717$79.77$2.54
May 2024Ovintiv USA2511855640564$80.02$2.12
Apr 2024Ovintiv USA3273704330433$85.35$1.60
Mar 2024Ovintiv USA5197448380838$81.28$1.49
Feb 2024Ovintiv USA7137719920992$77.25$1.72
Jan 2024Ovintiv USA6275886660666$74.15$3.18
Dec 2023Ovintiv USA6113849800980$71.90$2.52
Nov 2023Ovintiv USA6957568910891$77.69$2.71
Oct 2023Ovintiv USA6831640164$85.64$2.98
Sep 2023Ovintiv USA3584005770577$89.43$2.64
Aug 2023Ovintiv USA3733766000600$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)CountyMartin County

Ovintiv USA Inc. in Martin County

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Spraberry (Trend Area) field

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