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Texas oil lease

Producing

STUBBS E UNIT

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

3 wells

99,080bbl oil, last 12 months−32% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-58961

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
140,518 mcf
Oil in Jul 2026
6,929 bbl

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for STUBBS E UNIT, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 99,080 bbl in the 12 months through Jul 2026, against 145,827 bbl in the 12 months before.Last 12 months: 99,080 bblbbl per monthmcf per month0010k5,00020k10k30k15k40k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for STUBBS E UNIT, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 99,080 bbl in the 12 months through Jul 2026, against 145,827 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k5,00020k10k30k15k40k20kJan 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 99.7% 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 STUBBS E 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 99.7% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 99.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of STUBBS E 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 99.7% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 99.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    84% · 117,850 mcf

  • Transmission line (2)

    14% · 20,013 mcf

  • Flared (4)

    1.8% · 2,472 mcf

  • Lease fuel (1)

    0.1% · 183 mcf

1.8% of the gas flared in the last 12 months. 19 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, Dec 2022 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262023202420252026Changed Jun 2023Petrolegacy Energy II, LLCDec 2022 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePetrolegacy Energy II, LLC, Dec 2022 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262023202420252026Changed Jun 2023Petrolegacy Energy II, LLCDec 2022 to May 2023Ovintiv USA Inc.Jun 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on STUBBS E UNIT
API numberWell no.Status
42-317-442621LSActive
42-317-442631WAActive
42-317-442641MSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Lpc Crude Iii, LLCOilGathers100Dec 4, 2022
Wtg Gas Processing, LLCCasinghead gasBuys100Dec 4, 2022
Wtg Gas Processing, LLCCasinghead gasGathers100Dec 4, 2022

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

Who buys my oilOil price check

641.34 acres on the newest permit

Permits for Stubbs E Unit
API numberWell no.Acreson the permit
42-317-442621LS641.34
42-317-442631WA641.34
42-317-442641MS641.34

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 STUBBS E UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA6,9296,98910,0689,897171$80.46$2.89
Jun 2026Ovintiv USA7,1597,21610,1759,661423$84.81$3.15
May 2026Ovintiv USA7,6787,71610,56710,352123$102.13$2.94
Apr 2026Ovintiv USA5,1675,0708,0838,03845$100.32$2.77
Mar 2026Ovintiv USA7,6357,54011,71511,603112$91.38$3.04
Feb 2026Ovintiv USA7,6667,78411,35211,204148$64.51$3.62
Jan 2026Ovintiv USA9,1979,21113,12212,799323$60.04$7.72
Dec 2025Ovintiv USA9,7009,71612,96812,739229$57.97$4.26
Nov 2025Ovintiv USA10,0189,93413,35613,109247$60.06$3.79
Oct 2025Ovintiv USA8,8598,92612,39712,32968$60.89$3.19
Sep 2025Ovintiv USA8,9188,98912,67912,427252$63.96$2.97
Aug 2025Ovintiv USA10,15410,04614,03613,705331$64.86$2.91
Jul 2025Ovintiv USA10,69910,70614,16713,668499$68.39$3.20
Jun 2025Ovintiv USA10,62210,57713,65113,346305$68.17$3.02
May 2025Ovintiv USA11,61211,69214,80314,433370$62.17$3.12
Apr 2025Ovintiv USA12,24612,24214,52714,063464$63.54$3.42
Mar 2025Ovintiv USA14,09514,01516,23215,577655$68.24$4.12
Feb 2025Ovintiv USA14,12614,12614,88914,417472$71.53$4.19
Jan 2025Ovintiv USA14,88614,99914,41213,964448$75.74$4.13
Dec 2024Ovintiv USA7,1807,1375,6575,513144$70.12$3.01
Nov 2024Ovintiv USA10,94310,86511,80411,537267$69.95$2.12
Oct 2024Ovintiv USA13,00413,06414,29714,071226$71.99$2.20
Sep 2024Ovintiv USA13,35613,08214,28213,569713$70.24$2.28
Aug 2024Ovintiv USA13,05813,05613,49613,113383$76.68$1.99
Jul 2024Ovintiv USA12,99312,99313,20012,500700$81.80$2.07
Jun 2024Ovintiv USA14,88314,88514,17013,516654$79.77$2.54
May 2024Ovintiv USA17,23617,24113,3988,4194,979$80.02$2.12
Apr 2024Ovintiv USA16,63516,95516,42511,9744,451$85.35$1.60
Mar 2024Ovintiv USA18,70618,5828,5544,0064,548$81.28$1.49
Feb 2024Ovintiv USA11,43011,6274,334144,320$77.25$1.72
Jan 2024Ovintiv USA22,71122,62711,8943,8748,020$74.15$3.18
Dec 2023Ovintiv USA23,45223,69315,9475,9829,965$71.90$2.52
Nov 2023Ovintiv USA25,24425,12017,16210,5616,601$77.69$2.71
Oct 2023Ovintiv USA22,85522,81316,7553,95012,805$85.64$2.98
Sep 2023Ovintiv USA24,28424,24916,5306,04410,486$89.43$2.64
Aug 2023Ovintiv USA23,82723,82817,4266,70310,723$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)CountyMartin County

Ovintiv USA Inc. in Martin County

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Spraberry (Trend Area) field

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