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Texas oil lease

Producing

RICHARDS "44"

Richards "44" is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

765bbl oil, last 12 months−30% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-38633

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Where it sits

This county

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

Production by month

Oil output fell 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for RICHARDS "44", Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 765 bbl in the 12 months through Jul 2026, against 1,100 bbl in the 12 months before.Last 12 months: 765 bblbbl per monthmcf per month00501010020150302004025050Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for RICHARDS "44", Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 765 bbl in the 12 months through Jul 2026, against 1,100 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00501010020150302004025050Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the 11 months reported

Flaring peaked at 100.0% of the gas in Aug 2025.

All of the gas went to flaring in the 11 months reportedShare of RICHARDS "44" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 11 months reported. Flaring peaked at 100.0% of the gas in Aug 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the 11 months reportedShare of RICHARDS "44" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 11 months reported. Flaring peaked at 100.0% of the gas in Aug 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the 11 months reported. 11 months above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timePetrolegacy Energy II, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Petrolegacy Energy II, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePetrolegacy Energy II, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Petrolegacy Energy II, 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 RICHARDS "44"
API numberWell no.Status
42-317-347883Active
42-317-350664Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Nov 1, 2020–
Lion Oil Trading & Trans, LLCOilGathers100May 1, 2020Nov 1, 2020
Plains Marketing, L.p.OilGathers100Dec 1, 2018May 1, 2020

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

Who buys my oilOil price check

320 acres on the newest permit

Permits for Richards "44"
API numberWell no.Acreson the permit
42-317-350664320
42-317-347883320

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 RICHARDS "44"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA089000$80.46$2.89
Jun 2026Ovintiv USA390707$84.81$3.15
May 2026Ovintiv USA8916716016$102.13$2.94
Apr 2026Ovintiv USA77015015$100.32$2.77
Mar 2026Ovintiv USA9618317017$91.38$3.04
Feb 2026Ovintiv USA81013013$64.51$3.62
Jan 2026Ovintiv USA8917414014$60.04$7.72
Dec 2025Ovintiv USA85022022$57.97$4.26
Nov 2025Ovintiv USA78182808$60.06$3.79
Oct 2025Ovintiv USA50029029$60.89$3.19
Sep 2025Ovintiv USA51046046$63.96$2.97
Aug 2025Ovintiv USA3017012012$64.86$2.91
Jul 2025Ovintiv USA390000$68.39$3.20
Jun 2025Ovintiv USA930000$68.17$3.02
May 2025Ovintiv USA113183000$62.17$3.12
Apr 2025Ovintiv USA91186000$63.54$3.42
Mar 2025Ovintiv USA1040000$68.24$4.12
Feb 2025Ovintiv USA87174000$71.53$4.19
Jan 2025Ovintiv USA1260000$75.74$4.13
Dec 2024Ovintiv USA67176000$70.12$3.01
Nov 2024Ovintiv USA520000$69.95$2.12
Oct 2024Ovintiv USA123183000$71.99$2.20
Sep 2024Ovintiv USA1370000$70.24$2.28
Aug 2024Ovintiv USA68183000$76.68$1.99
Jul 2024Ovintiv USA890000$81.80$2.07
Jun 2024Ovintiv USA85182000$79.77$2.54
May 2024Ovintiv USA990000$80.02$2.12
Apr 2024Ovintiv USA69176000$85.35$1.60
Mar 2024Ovintiv USA760000$81.28$1.49
Feb 2024Ovintiv USA69190000$77.25$1.72
Jan 2024Ovintiv USA1160000$74.15$3.18
Dec 2023Ovintiv USA100191000$71.90$2.52
Nov 2023Ovintiv USA1140000$77.69$2.71
Oct 2023Ovintiv USA93189000$85.64$2.98
Sep 2023Ovintiv USA1180000$89.43$2.64
Aug 2023Ovintiv USA88188000$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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