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Texas oil lease

Producing

RAB 34B

Rab 34B is an oil lease in Upton County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

1 well

40,175bbl oil, last 12 months−37% vs prior year
Operator
Ovintiv USA Inc.
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-21712

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
127,224 mcf
Oil in Jul 2026
5,228 bbl

Production by month

Oil output fell 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for RAB 34B, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 40,175 bbl in the 12 months through Jul 2026, against 63,287 bbl in the 12 months before.Last 12 months: 40,175 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for RAB 34B, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 40,175 bbl in the 12 months through Jul 2026, against 63,287 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 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 22.0% of the gas in Aug 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 RAB 34B 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 22.0% of the gas in Aug 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 22.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of RAB 34B 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 22.0% of the gas in Aug 2024.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 22.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    84% · 106,738 mcf

  • Transmission line (2)

    15% · 18,617 mcf

  • Flared (4)

    1.0% · 1,316 mcf

  • Lease fuel (1)

    0.4% · 553 mcf

1.0% of the gas flared in the last 12 months. 12 months above 3%.

1 well on this lease

Wells on RAB 34B
API numberWell no.Status
42-461-419721HDActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Jun 5, 2022
Energy Transfer CompanyCasinghead gasBuys100Jun 5, 2022
Energy Transfer CompanyCasinghead gasGathers100Jun 5, 2022

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

Who buys my oilOil price check

640 acres on the newest permit

An allocation well is on this lease

Permits for Rab 34B
API numberWell no.Acreson the permit
42-461-419721HD640

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 RAB 34B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,2285,1919,7559,62678$80.46$2.89
Jun 20263,3973,40416,60516,47487$84.81$3.15
May 20264,4064,39820,12419,970106$102.13$2.94
Apr 20263,6793,65710,1219,866210$100.32$2.77
Mar 20262,4932,4835,3855,164196$91.38$3.04
Feb 20261,6611,6623,4293,156254$64.51$3.62
Jan 2026662895953757190$60.04$7.72
Dec 20254,1203,9099,5519,4923$57.97$4.26
Nov 20253,2673,27312,15712,05047$60.06$3.79
Oct 20253,6723,67213,16612,976125$60.89$3.19
Sep 20253,5703,56812,23312,15511$63.96$2.97
Aug 20254,0204,06213,74513,6699$64.86$2.91
Jul 20254,2574,21315,05514,819166$68.39$3.20
Jun 20254,2854,28815,46915,203189$68.17$3.02
May 20254,8794,91116,53216,321133$62.17$3.12
Apr 20255,8585,83317,98917,691212$63.54$3.42
Mar 20255,5665,57616,27116,080107$68.24$4.12
Feb 20254,3844,38812,62211,3201,231$71.53$4.19
Jan 20255,9105,89915,18312,7222,390$75.74$4.13
Dec 20246,0786,07716,21815,0861,054$70.12$3.01
Nov 20245,5255,52515,22615,041117$69.95$2.12
Oct 20245,3685,35916,98216,071833$71.99$2.20
Sep 20245,4935,50517,32916,444801$70.24$2.28
Aug 20245,6845,67515,79512,2393,477$76.68$1.99
Jul 20245,8375,87816,23014,3661,801$81.80$2.07
Jun 20245,9575,96215,59214,1551,379$79.77$2.54
May 20244,2484,19410,1717,9172,213$80.02$2.12
Apr 20244,9124,91511,67811,343291$85.35$1.60
Mar 20245,3205,31913,34413,25742$81.28$1.49
Feb 20245,0095,00212,05311,827182$77.25$1.72
Jan 20245,6665,67411,87411,8179$74.15$3.18
Dec 20235,8305,83611,54611,48020$71.90$2.52
Nov 20235,5065,53610,97110,90226$77.69$2.71
Oct 20236,3926,35212,94612,723178$85.64$2.98
Sep 20236,6726,66913,93513,87413$89.43$2.64
Aug 20237,2317,23713,91613,8634$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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This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyUpton County

Ovintiv USA Inc. in Upton County

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Spraberry (Trend Area) field

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