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Texas oil lease

Producing

PRESIDIO 254E

Presidio 254E is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

165,190bbl oil, last 12 months−44% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-62713

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
283,582 mcf
Oil in Jul 2026
9,283 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 PRESIDIO 254E, May 2024 to Jul 2026. Oil output fell 44% over the last 12 months. 165,190 bbl in the 12 months through Jul 2026, against 295,289 bbl in the 12 months before.Last 12 months: 165,190 bblbbl per monthmcf per month0020k20k40k40k60k60k80k80kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for PRESIDIO 254E, May 2024 to Jul 2026. Oil output fell 44% over the last 12 months. 165,190 bbl in the 12 months through Jul 2026, against 295,289 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k20k40k40k60k60k80k80kJul 24Jan 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 7.6% of the gas in Nov 2025.

  • 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 PRESIDIO 254E gas by disposition code each month, May 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 7.6% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 7.6%Jul 24OctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of PRESIDIO 254E gas by disposition code each month, May 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 7.6% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 7.6%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    81% · 230,656 mcf

  • Transmission line (2)

    16% · 46,449 mcf

  • Flared (4)

    2.1% · 6,047 mcf

  • Lease fuel (1)

    0.2% · 430 mcf

2.1% of the gas flared in the last 12 months. 4 months above 3%.

2 wells on this lease

Wells on PRESIDIO 254E
API numberWell no.Status
42-317-45778101HFActive
42-317-45779102HLActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Oryx Midland Oil Gathering LLCOilGathers100May 25, 2024
Et Gathering & Processing LLCCasinghead gasBuys100May 25, 2024
Energy Transfer CompanyCasinghead gasGathers100May 25, 2024

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

Who buys my oilOil price check

1,162.10 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Presidio 254E
API numberWell no.Acreson the permit
42-317-45778101HF1,162.10
42-317-45779102HL1,162.10

SourceRailroad Commission drilling permits, Oct 3, 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

27 months, newest first

Ledger for PRESIDIO 254E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269,2839,28020,46420,138293$80.46$2.89
Jun 20269,6399,64521,38620,801549$84.81$3.15
May 202611,13811,13525,68925,6480$102.13$2.94
Apr 202610,68410,68724,59024,5510$100.32$2.77
Mar 202612,10012,09627,26427,20713$91.38$3.04
Feb 202611,61311,61722,73822,6956$64.51$3.62
Jan 202613,77713,77729,64227,7841,815$60.04$7.72
Dec 202515,00015,00527,84127,466336$57.97$4.26
Nov 202517,64917,64223,91522,0721,808$60.06$3.79
Oct 202517,70617,70324,76124,109618$60.89$3.19
Sep 202517,41517,43418,31617,811480$63.96$2.97
Aug 202519,18619,17016,97616,823129$64.86$2.91
Jul 202517,75117,75313,14112,688436$68.39$3.20
Jun 202517,67317,67313,68913,496175$68.17$3.02
May 20259,8129,80710,0109,90678$62.17$3.12
Apr 20253,2903,3304,6024,57725$63.54$3.42
Mar 202520,94620,93130,95330,150803$68.24$4.12
Feb 202519,46119,62928,50827,858650$71.53$4.19
Jan 202524,49624,33332,27832,080198$75.74$4.13
Dec 202424,18124,17830,95128,8102,141$70.12$3.01
Nov 202425,19625,20628,78228,523259$69.95$2.12
Oct 202431,77931,78436,41435,477937$71.99$2.20
Sep 202442,09142,09546,95146,88467$70.24$2.28
Aug 202458,61358,62461,14460,786358$76.68$1.99
Jul 202477,38877,43372,10372,03766$81.80$2.07
Jun 202471,69171,97856,24756,145102$79.77$2.54
May 202414,56014,14811,02410,882142$80.02$2.12

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 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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