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Texas oil lease

Producing

PENNYBACKER E UNIT

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

3 wells

79,839bbl oil, last 12 months−14% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-58462

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
121,625 mcf
Oil in Jul 2026
5,457 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for PENNYBACKER E UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 79,839 bbl in the 12 months through Jul 2026, against 92,809 bbl in the 12 months before.Last 12 months: 79,839 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for PENNYBACKER E UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 79,839 bbl in the 12 months through Jul 2026, against 92,809 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40kJan 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 48.1% of the gas in Feb 2024.

  • 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 PENNYBACKER E UNIT 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 48.1% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 48.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of PENNYBACKER E UNIT 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 48.1% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 48.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    69% · 83,709 mcf

  • Transmission line (2)

    18% · 22,345 mcf

  • Flared (4)

    13% · 15,571 mcf

12.8% of the gas flared in the last 12 months. 14 months above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timePetrolegacy Energy II, LLC, Feb 2023 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 2026202420252026Changed Jun 2023Petrolegacy Energy II, LLCFeb 2023 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePetrolegacy Energy II, LLC, Feb 2023 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 2026202420252026Changed Jun 2023Petrolegacy Energy II, LLCFeb 2023 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 PENNYBACKER E UNIT
API numberWell no.Status
42-317-441311WAActive
42-317-441321LSActive
42-317-441332WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Dk Trading & Supply, LLCOilGathers100May 30, 2022
Wtg Gas Processing, LLCCasinghead gasBuys100May 30, 2022
Wtg Gas Processing, LLCCasinghead gasGathers100May 30, 2022

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

Who buys my oilOil price check

815.65 acres on the newest permit

Permits for Pennybacker E Unit
API numberWell no.Acreson the permit
42-317-441311WA815.65
42-317-441321LS815.65
42-317-441332WA815.65

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 PENNYBACKER E UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA5,4575,48611,5896,0995,490$80.46$2.89
Jun 2026Ovintiv USA6,8366,82717,32110,7376,584$84.81$3.15
May 2026Ovintiv USA7,8347,84111,65011,60842$102.13$2.94
Apr 2026Ovintiv USA7,2907,2719,0469,02719$100.32$2.77
Mar 2026Ovintiv USA5,6975,71010,71210,69616$91.38$3.04
Feb 2026Ovintiv USA6,6136,64211,5998,7762,823$64.51$3.62
Jan 2026Ovintiv USA8,0928,05410,98310,576407$60.04$7.72
Dec 2025Ovintiv USA5,2555,2557,2647,25311$57.97$4.26
Nov 2025Ovintiv USA6,5996,6148,9928,95240$60.06$3.79
Oct 2025Ovintiv USA8,4548,42711,65811,57484$60.89$3.19
Sep 2025Ovintiv USA5,3915,3914,9604,93921$63.96$2.97
Aug 2025Ovintiv USA6,3216,3225,8515,81734$64.86$2.91
Jul 2025Ovintiv USA6,3736,3707,8117,542269$68.39$3.20
Jun 2025Ovintiv USA3,2033,2264,9904,95733$68.17$3.02
May 2025Ovintiv USA7,5637,5617,0457,01926$62.17$3.12
Apr 2025Ovintiv USA7,2977,2726,5846,57113$63.54$3.42
Mar 2025Ovintiv USA6,2626,2895,9345,89935$68.24$4.12
Feb 2025Ovintiv USA5,8425,8515,6895,6827$71.53$4.19
Jan 2025Ovintiv USA6,9736,9727,7207,7119$75.74$4.13
Dec 2024Ovintiv USA8,6788,6729,4619,42437$70.12$3.01
Nov 2024Ovintiv USA7,2797,2797,0827,04735$69.95$2.12
Oct 2024Ovintiv USA9,7429,72812,73911,978761$71.99$2.20
Sep 2024Ovintiv USA10,14610,19111,71411,68034$70.24$2.28
Aug 2024Ovintiv USA13,45113,41316,67116,543128$76.68$1.99
Jul 2024Ovintiv USA9,5369,55013,24012,245995$81.80$2.07
Jun 2024Ovintiv USA12,03212,01918,12216,6711,451$79.77$2.54
May 2024Ovintiv USA11,28811,28620,84713,4627,385$80.02$2.12
Apr 2024Ovintiv USA10,49610,5038,4664,7823,684$85.35$1.60
Mar 2024Ovintiv USA13,51513,533000$81.28$1.49
Feb 2024Ovintiv USA12,11312,09612,8096,6546,155$77.25$1.72
Jan 2024Ovintiv USA12,37212,36718,75918,609150$74.15$3.18
Dec 2023Ovintiv USA16,27916,29530,58219,64510,937$71.90$2.52
Nov 2023Ovintiv USA17,81317,81426,42826,213215$77.69$2.71
Oct 2023Ovintiv USA23,90423,87736,47530,9585,517$85.64$2.98
Sep 2023Ovintiv USA26,32126,34636,00835,636372$89.43$2.64
Aug 2023Ovintiv USA25,50625,52327,70926,1871,522$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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