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Texas oil lease

Producing

VALENTINE 254D

Valentine 254D is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

102,430bbl oil, last 12 months
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-65161

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
179,262 mcf
Oil in Jul 2026
11,660 bbl

Production by month

Oil output fell 75% since May 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 75% since May 2025Monthly oil production and gas for VALENTINE 254D, May 2025 to Jul 2026. Oil output fell 75% since May 2025. Monthly average of 7,312 bbl in the latest 3 months, against 29,564 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 25OctJan 26AprJul
Oil output fell 75% since May 2025Monthly oil production and gas for VALENTINE 254D, May 2025 to Jul 2026. Oil output fell 75% since May 2025. Monthly average of 7,312 bbl in the latest 3 months, against 29,564 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 25Jan 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 7.6% of the gas in Nov 2025.

  • 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 VALENTINE 254D gas by disposition code each month, May 2025 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 7.6% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 7.6%Jul 25OctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of VALENTINE 254D gas by disposition code each month, May 2025 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 7.6% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 7.6%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    87% · 155,410 mcf

  • Transmission line (2)

    11% · 19,620 mcf

  • Flared (4)

    2.2% · 3,964 mcf

  • Lease fuel (1)

    0.1% · 268 mcf

2.2% of the gas flared in the last 12 months. 3 months above 3%.

2 wells on this lease

Wells on VALENTINE 254D
API numberWell no.Status
42-317-46513112HLActive
42-317-46514113HFActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100May 10, 2025
Enterprise Products Operating LLCCasinghead gasBuys100May 10, 2025
Enterprise Products Operating LLCCasinghead gasGathers100May 10, 2025

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

Who buys my oilOil price check

1,162.10 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Valentine 254D
API numberWell no.Acreson the permit
42-317-46513112HL1,162.10
42-317-46514113HF1,162.10

SourceRailroad Commission drilling permits, Oct 3, 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

15 months, newest first

Ledger for VALENTINE 254D
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202611,66011,65430,92930,436442$80.46$2.89
Jun 20264,7634,7667,9867,768205$84.81$3.15
May 20265,5145,51611,87111,8520$102.13$2.94
Apr 20266,6846,68212,93712,9170$100.32$2.77
Mar 20266,1026,1026,8796,8653$91.38$3.04
Feb 20266,5096,51110,72110,7013$64.51$3.62
Jan 20268,0328,03314,62113,705895$60.04$7.72
Dec 20259,2249,22717,84417,604215$57.97$4.26
Nov 202511,06611,05917,28115,9491,306$60.06$3.79
Oct 20258,7858,78612,85412,516321$60.89$3.19
Sep 202510,59610,61116,39215,941429$63.96$2.97
Aug 202513,49513,49518,94718,776145$64.86$2.91
Jul 202519,84619,87824,81223,956824$68.39$3.20
Jun 202538,37338,39737,95237,412489$68.17$3.02
May 202530,47430,38924,21123,959191$62.17$3.12

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

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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