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Texas oil lease

Producing

TXL N 7B

TXL N 7B is an oil lease in Midland County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

1 well

1,270bbl oil, last 12 months−74% vs prior year
Operator
Ovintiv USA Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-45275

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
56,674 mcf
Oil in Jul 2026
129 bbl

Production by month

Oil output fell 74% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for TXL N 7B, Aug 2023 to Jul 2026. Oil output fell 74% over the last 12 months. 1,270 bbl in the 12 months through Jul 2026, against 4,958 bbl in the 12 months before.Last 12 months: 1,270 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for TXL N 7B, Aug 2023 to Jul 2026. Oil output fell 74% over the last 12 months. 1,270 bbl in the 12 months through Jul 2026, against 4,958 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 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 32.7% of the gas in Oct 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 TXL N 7B 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 32.7% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 32.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of TXL N 7B 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 32.7% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 32.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    73% · 41,130 mcf

  • Transmission line (2)

    23% · 12,889 mcf

  • Flared (4)

    2.4% · 1,362 mcf

  • Lease fuel (1)

    2.3% · 1,293 mcf

2.4% of the gas flared in the last 12 months. 11 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2020

Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now
Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on TXL N 7B
API numberWell no.Status
42-329-387895HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Nov 1, 2017
Energy Transfer CompanyCasinghead gasBuys100Mar 1, 2016
Energy Transfer CompanyCasinghead gasGathers100Mar 1, 2016

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

Who buys my oilOil price check

160 acres on the newest permit

An allocation well is on this lease

Permits for TXL N 7B
API numberWell no.Acreson the permit
42-329-387895H160

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 TXL N 7B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA1291499,8668,980585$80.46$2.89
Jun 2026Ovintiv USA2049023,04822,58474$84.81$3.15
May 2026Ovintiv USA98492,7012,6584$102.13$2.94
Apr 2026Ovintiv USA39746256053$100.32$2.77
Mar 2026Ovintiv USA1081001,6921,61528$91.38$3.04
Feb 2026Ovintiv USA891131,3821,25490$64.51$3.62
Jan 2026Ovintiv USA1321502,2821,673547$60.04$7.72
Dec 2025Ovintiv USA1441063,1253,0152$57.97$4.26
Nov 2025Ovintiv USA102704,0143,9116$60.06$3.79
Oct 2025Ovintiv USA84673,4293,33722$60.89$3.19
Sep 2025Ovintiv USA61802,2752,2101$63.96$2.97
Aug 2025Ovintiv USA802822,2352,1770$64.86$2.91
Jul 2025Ovintiv USA2174234,2424,08015$68.39$3.20
Jun 2025Ovintiv USA41720012,79112,45438$68.17$3.02
May 2025Ovintiv USA37935612,95712,534197$62.17$3.12
Apr 2025Ovintiv USA37133010,23810,0122$63.54$3.42
Mar 2025Ovintiv USA3734778,5138,175146$68.24$4.12
Feb 2025Ovintiv USA4083756,2336,01859$71.53$4.19
Jan 2025Ovintiv USA4644666,7196,49949$75.74$4.13
Dec 2024Ovintiv USA4744887,6597,46713$70.12$3.01
Nov 2024Ovintiv USA5455609,6599,41930$69.95$2.12
Oct 2024Ovintiv USA5064928,6485,6292,830$71.99$2.20
Sep 2024Ovintiv USA4634057,0105,5731,273$70.24$2.28
Aug 2024Ovintiv USA3413474,2623,269882$76.68$1.99
Jul 2024Ovintiv USA4704936,3094,4231,751$81.80$2.07
Jun 2024Ovintiv USA5425476,6964,5532,002$79.77$2.54
May 2024Ovintiv USA6187276,6214,8841,585$80.02$2.12
Apr 2024Ovintiv USA6223387,3046,657409$85.35$1.60
Mar 2024Ovintiv USA1682137,4847,004296$81.28$1.49
Feb 2024Ovintiv USA3854897,4477,23239$77.25$1.72
Jan 2024Ovintiv USA7647828,6798,29598$74.15$3.18
Dec 2023Ovintiv USA80292711,08210,67222$71.90$2.52
Nov 2023Ovintiv USA1,2211,0264,6744,49331$77.69$2.71
Oct 2023Ovintiv USA8207482,5192,40030$85.64$2.98
Sep 2023Ovintiv USA4063726486010$89.43$2.64
Aug 2023Ovintiv USA20712445390$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)CountyMidland County

Ovintiv USA Inc. in Midland County

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Spraberry (Trend Area) field

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