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Texas oil lease

Producing

ULS 5-34

Uls 5-34 is an oil lease in Andrews County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

1,659bbl oil, last 12 months+21% vs prior year
RRC lease
08-41331

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
448 mcf
Oil in Jul 2026
119 bbl

Production by month

Oil output rose 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 21% over the last 12 monthsMonthly oil production and gas for ULS 5-34, Aug 2023 to Jul 2026. Oil output rose 21% over the last 12 months. 1,659 bbl in the 12 months through Jul 2026, against 1,376 bbl in the 12 months before.Last 12 months: 1,659 bblbbl per monthmcf per month0010050200100300150400200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 21% over the last 12 monthsMonthly oil production and gas for ULS 5-34, Aug 2023 to Jul 2026. Oil output rose 21% over the last 12 months. 1,659 bbl in the 12 months through Jul 2026, against 1,376 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200Jan 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 31.8% of the gas in Mar 2026.

  • 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 ULS 5-34 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 31.8% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 31.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of ULS 5-34 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 31.8% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 31.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    80% · 359 mcf

  • Transmission line (2)

    13% · 58 mcf

  • Flared (4)

    6.9% · 31 mcf

6.9% of the gas flared in the last 12 months. 9 months above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Piedra Operating, 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 ULS 5-34
API numberWell no.Status
42-003-419042Active
42-003-419561Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Dec 1, 2023–
Shell Trading (Us) CompanyOilGathers50Dec 1, 2023–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Dec 1, 2023
Energy Trans Crude Marketing LLCOilGathers100Aug 1, 2022Dec 1, 2023
Sentinel Transportation, LLCOilGathers100Oct 1, 2019Aug 1, 2022
Enterprise Crude Oil LLCOilGathers100Apr 4, 2011Oct 1, 2019

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

160 acres on the newest permit

Permits for Uls 5-34
API numberWell no.Acreson the permit
42-003-419561160
42-003-419042160

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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 ULS 5-34
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA119025223$80.46$2.89
Jun 2026Ovintiv USA11418123203$84.81$3.15
May 2026Ovintiv USA12418439381$102.13$2.94
Apr 2026Ovintiv USA133038371$100.32$2.77
Mar 2026Ovintiv USA13617922157$91.38$3.04
Feb 2026Ovintiv USA11217819154$64.51$3.62
Jan 2026Ovintiv USA14418023167$60.04$7.72
Dec 2025Ovintiv USA107029263$57.97$4.26
Nov 2025Ovintiv USA18918128280$60.06$3.79
Oct 2025Ovintiv USA19911065650$60.89$3.19
Sep 2025Ovintiv USA14834772702$63.96$2.97
Aug 2025Ovintiv USA134065650$64.86$2.91
Jul 2025Ovintiv USA19117483785$68.39$3.20
Jun 2025Ovintiv USA21235495896$68.17$3.02
May 2025Ovintiv USA2561621491427$62.17$3.12
Apr 2025Ovintiv USA3923241611610$63.54$3.42
Mar 2025Ovintiv USA00000$68.24$4.12
Feb 2025Ovintiv USA00770$71.53$4.19
Jan 2025Ovintiv USA00000$75.74$4.13
Dec 2024Ovintiv USA13149000$70.12$3.01
Nov 2024Ovintiv USA00000$69.95$2.12
Oct 2024Ovintiv USA11516051510$71.99$2.20
Sep 2024Ovintiv USA125049490$70.24$2.28
Aug 2024Ovintiv USA7216041410$76.68$1.99
Jul 2024Ovintiv USA2054540$81.80$2.07
Jun 2024Ovintiv USA150056560$79.77$2.54
May 2024Ovintiv USA0158000$80.02$2.12
Apr 2024Ovintiv USA31020200$85.35$1.60
Mar 2024Ovintiv USA00000$81.28$1.49
Feb 2024Ovintiv USA730000$77.25$1.72
Jan 2024Ovintiv USA144126000$74.15$3.18
Dec 2023Ovintiv USA00000$71.90$2.52
Nov 2023Ovintiv USA00000$77.69$2.71
Oct 2023Ovintiv USA00000$85.64$2.98
Sep 2023Ovintiv USA00000$89.43$2.64
Aug 2023Ovintiv USA10000$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

Ovintiv USA Inc. in Andrews County

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Spraberry (Trend Area) field

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