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Texas oil lease

Producing

RED BUD W UNIT

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

2 wells

152,895bbl oil, last 12 months−33% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-59232

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
187,453 mcf
Oil in Jul 2026
13,197 bbl

Production by month

Oil output fell 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for RED BUD W UNIT, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 152,895 bbl in the 12 months through Jul 2026, against 227,178 bbl in the 12 months before.Last 12 months: 152,895 bblbbl per monthmcf per month0020k10k40k20k60k30k80k40k100k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for RED BUD W UNIT, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 152,895 bbl in the 12 months through Jul 2026, against 227,178 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k10k40k20k60k30k80k40k100k50kJan 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 74.1% 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 RED BUD W 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 74.1% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 74.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of RED BUD W 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 74.1% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 74.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    86% · 160,362 mcf

  • Transmission line (2)

    13% · 24,032 mcf

  • Flared (4)

    1.6% · 3,059 mcf

1.6% of the gas flared in the last 12 months. 16 months above 3%.

2 wells on this lease

Wells on RED BUD W UNIT
API numberWell no.Status
42-317-450421DNActive
42-317-450432DNActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Lpc Crude Iii, LLCOilGathers100Mar 16, 2023
Wtg Gas Processing, LLCCasinghead gasBuys100Mar 16, 2023
Wtg Gas Processing, LLCCasinghead gasGathers100Mar 16, 2023

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

Who buys my oilOil price check

640.83 acres on the newest permit

Permits for Red Bud W Unit
API numberWell no.Acreson the permit
42-317-450421DN640.83
42-317-450432DN640.83

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 RED BUD W UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202613,19713,00013,66913,60069$80.46$2.89
Jun 202612,56412,52512,98712,90186$84.81$3.15
May 202612,34812,31611,16411,13133$102.13$2.94
Apr 202613,98914,03412,07712,05324$100.32$2.77
Mar 202613,24613,22710,93610,88551$91.38$3.04
Feb 202612,21412,30810,2729,456816$64.51$3.62
Jan 202614,73414,76012,26310,2981,965$60.04$7.72
Dec 202511,60511,5649,2099,19811$57.97$4.26
Nov 20258,4448,40314,94214,9420$60.06$3.79
Oct 202513,39913,39926,67226,6720$60.89$3.19
Sep 202513,12413,12425,48025,4782$63.96$2.97
Aug 202514,03114,03127,78227,7802$64.86$2.91
Jul 202514,86714,90226,95526,9523$68.39$3.20
Jun 202515,63715,57327,30926,936373$68.17$3.02
May 202514,99015,01425,59024,881709$62.17$3.12
Apr 202516,92116,96328,30727,1521,155$63.54$3.42
Mar 202518,00117,95027,12226,559563$68.24$4.12
Feb 202518,03018,03724,92024,9173$71.53$4.19
Jan 202512,55812,60119,17319,1694$75.74$4.13
Dec 202419,68619,69530,40530,4032$70.12$3.01
Nov 202420,61820,61430,81430,8113$69.95$2.12
Oct 202422,99522,91034,05834,03127$71.99$2.20
Sep 202423,77523,82932,05931,705354$70.24$2.28
Aug 202429,10028,87934,90133,7211,180$76.68$1.99
Jul 202429,73529,73728,75627,5791,177$81.80$2.07
Jun 202416,75616,75916,42315,538885$79.77$2.54
May 202420,26120,26120,12611,2458,881$80.02$2.12
Apr 202428,64828,93627,97721,1206,857$85.35$1.60
Mar 202434,30434,31630,52128,7861,735$81.28$1.49
Feb 202436,10836,09832,34425,0507,294$77.25$1.72
Jan 202443,55943,60335,90731,1014,806$74.15$3.18
Dec 202349,32549,96441,56914,12927,440$71.90$2.52
Nov 202355,34155,45442,52517,62724,898$77.69$2.71
Oct 202361,69260,92042,05110,88731,164$85.64$2.98
Sep 202361,06361,13635,93110,28325,648$89.43$2.64
Aug 202342,67542,62326,0989,11316,985$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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