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Texas oil lease

Producing

PHOENIX 16B

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

1 well

27,935bbl oil, last 12 months−25% vs prior year
Operator
Ovintiv USA Inc.
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-56583

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
106,503 mcf
Oil in Jul 2026
2,730 bbl

Production by month

Oil output fell 25% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for PHOENIX 16B, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 27,935 bbl in the 12 months through Jul 2026, against 37,208 bbl in the 12 months before.Last 12 months: 27,935 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for PHOENIX 16B, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 27,935 bbl in the 12 months through Jul 2026, against 37,208 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kJan 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 29.2% of the gas in Feb 2024.

  • 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 PHOENIX 16B 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 29.2% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 29.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of PHOENIX 16B 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 29.2% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 29.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    80% · 85,276 mcf

  • Transmission line (2)

    17% · 18,219 mcf

  • Flared (4)

    2.6% · 2,803 mcf

  • Lease fuel (1)

    0.2% · 205 mcf

2.6% of the gas flared in the last 12 months. 12 months above 3%.

1 well on this lease

Wells on PHOENIX 16B
API numberWell no.Status
42-227-408633HJActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100May 11, 2021–
Enterprise Products Operating LLCCasinghead gasBuys100Apr 1, 2022–
Enterprise Products Operating LLCCasinghead gasGathers100Apr 1, 2022–
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100May 11, 2021Apr 1, 2022
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100May 11, 2021Apr 1, 2022

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

Who buys my oilOil price check

780.53 acres on the newest permit

An allocation well is on this lease

Permits for Phoenix 16B
API numberWell no.Acreson the permit
42-227-408633HJ780.53

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 PHOENIX 16B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,7302,70411,95811,611325$80.46$2.89
Jun 20262,0662,0649,0798,340718$84.81$3.15
May 20262,1502,1479,9759,87977$102.13$2.94
Apr 20261,7891,7828,6198,56933$100.32$2.77
Mar 20262,0522,0598,8188,75547$91.38$3.04
Feb 20262,0622,0557,8337,8172$64.51$3.62
Jan 20261,9841,9877,6247,6100$60.04$7.72
Dec 20252,5072,5068,7978,636145$57.97$4.26
Nov 20252,4292,4368,3247,537772$60.06$3.79
Oct 20252,5322,5308,7088,405285$60.89$3.19
Sep 20252,7122,7298,0887,847226$63.96$2.97
Aug 20252,9222,9138,6808,489173$64.86$2.91
Jul 20253,0573,0508,6608,6383$68.39$3.20
Jun 20253,0233,0438,4868,4670$68.17$3.02
May 20253,1563,1458,6578,6360$62.17$3.12
Apr 20252,7632,7748,3677,934416$63.54$3.42
Mar 20253,0943,0858,9038,86322$68.24$4.12
Feb 20252,8072,7997,4245,7921,619$71.53$4.19
Jan 20252,2362,2515,9245,9121$75.74$4.13
Dec 20243,5343,5258,6678,518132$70.12$3.01
Nov 20243,7253,7319,0048,94445$69.95$2.12
Oct 20244,0654,0599,0869,0692$71.99$2.20
Sep 20243,6873,6727,5047,43754$70.24$2.28
Aug 20242,0612,0634,4844,4770$76.68$1.99
Jul 20242,7142,7166,0326,0202$81.80$2.07
Jun 20242,9982,9996,1506,1390$79.77$2.54
May 20243,5163,5236,3316,3210$80.02$2.12
Apr 20243,4483,4496,1415,908223$85.35$1.60
Mar 20243,3653,3335,9135,282621$81.28$1.49
Feb 20240024177$77.25$1.72
Jan 202401615132$74.15$3.18
Dec 20231,6101,6323,9423,85482$71.90$2.52
Nov 20235,6325,69213,48412,684782$77.69$2.71
Oct 20235,9235,87612,73110,9771,736$85.64$2.98
Sep 20236,1446,10914,08913,722348$89.43$2.64
Aug 20232,1302,1455,5985,134456$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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