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Texas oil lease

Producing

PHILLIPS 16

Phillips 16 is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

1,156bbl oil, last 12 months−44% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-42636

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
3,543 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output fell 44% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for PHILLIPS 16, Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 1,156 bbl in the 12 months through Jul 2026, against 2,074 bbl in the 12 months before.Last 12 months: 1,156 bblbbl per monthmcf per month00100200200400300600400800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for PHILLIPS 16, Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 1,156 bbl in the 12 months through Jul 2026, against 2,074 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100200200400300600400800Jan 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 PHILLIPS 16 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 PHILLIPS 16 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)

    69% · 2,454 mcf

  • Flared (4)

    18% · 626 mcf

  • Transmission line (2)

    13% · 463 mcf

17.7% 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 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 PHILLIPS 16
API numberWell no.Status
42-317-374041Active
42-317-374052Active

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 gasGathers100Apr 1, 2017Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Dec 1, 2023
Lion Oil Trading & Trans, LLCOilGathers50Oct 1, 2019Dec 1, 2023
Plains Marketing, L.p.OilGathers50Oct 1, 2019Dec 1, 2023
Lion Oil Trading & Trans, LLCOilGathers100Apr 1, 2016Oct 1, 2019

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

Who buys my oilOil price check

160 acres on the newest permit

Permits for Phillips 16
API numberWell no.Acreson the permit
42-317-374041160
42-317-374052160

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 PHILLIPS 16
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA0035350$80.46$2.89
Jun 2026Ovintiv USA901742062060$84.81$3.15
May 2026Ovintiv USA11302632576$102.13$2.94
Apr 2026Ovintiv USA1031732802800$100.32$2.77
Mar 2026Ovintiv USA9402402400$91.38$3.04
Feb 2026Ovintiv USA9619424820741$64.51$3.62
Jan 2026Ovintiv USA148186382166216$60.04$7.72
Dec 2025Ovintiv USA7403853850$57.97$4.26
Nov 2025Ovintiv USA1241703853850$60.06$3.79
Oct 2025Ovintiv USA1231824304300$60.89$3.19
Sep 2025Ovintiv USA93034132615$63.96$2.97
Aug 2025Ovintiv USA981683480348$64.86$2.91
Jul 2025Ovintiv USA10803780378$68.39$3.20
Jun 2025Ovintiv USA72178389187202$68.17$3.02
May 2025Ovintiv USA69046040060$62.17$3.12
Apr 2025Ovintiv USA1421795485480$63.54$3.42
Mar 2025Ovintiv USA1491855385380$68.24$4.12
Feb 2025Ovintiv USA14305245240$71.53$4.19
Jan 2025Ovintiv USA15419253150130$75.74$4.13
Dec 2024Ovintiv USA1651712820282$70.12$3.01
Nov 2024Ovintiv USA174180000$69.95$2.12
Oct 2024Ovintiv USA2753617787780$71.99$2.20
Sep 2024Ovintiv USA27718271270012$70.24$2.28
Aug 2024Ovintiv USA346376000$76.68$1.99
Jul 2024Ovintiv USA214173000$81.80$2.07
Jun 2024Ovintiv USA122189000$79.77$2.54
May 2024Ovintiv USA137184000$80.02$2.12
Apr 2024Ovintiv USA22018852520$85.35$1.60
Mar 2024Ovintiv USA177183550$81.28$1.49
Feb 2024Ovintiv USA1440000$77.25$1.72
Jan 2024Ovintiv USA170355000$74.15$3.18
Dec 2023Ovintiv USA77020020$71.90$2.52
Nov 2023Ovintiv USA1411821000100$77.69$2.71
Oct 2023Ovintiv USA1611671040104$85.64$2.98
Sep 2023Ovintiv USA13101695164$89.43$2.64
Aug 2023Ovintiv USA17218041670346$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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