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Texas oil lease

Producing

WELCH 48

Welch 48 is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

2 wells

2,514bbl oil, last 12 months−74% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-44660

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
6,746 mcf
Oil in Jul 2026
495 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 WELCH 48, Aug 2023 to Jul 2026. Oil output fell 74% over the last 12 months. 2,514 bbl in the 12 months through Jul 2026, against 9,636 bbl in the 12 months before.Last 12 months: 2,514 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for WELCH 48, Aug 2023 to Jul 2026. Oil output fell 74% over the last 12 months. 2,514 bbl in the 12 months through Jul 2026, against 9,636 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 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 72.4% of the gas in Oct 2023.

  • 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 WELCH 48 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 72.4% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 72.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of WELCH 48 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 72.4% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 72.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    79% · 13,346 mcf

  • Transmission line (2)

    11% · 1,914 mcf

  • Lease fuel (1)

    6.5% · 1,097 mcf

  • Flared (4)

    3.2% · 548 mcf

3.2% of the gas flared in the last 12 months. 15 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.

2 wells on this lease

Wells on WELCH 48
API numberWell no.Status
42-317-388491Active
42-317-397722Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers100Dec 1, 2023Aug 1, 2026
Dcp Operating Company, LPCasinghead gasGathers100Feb 1, 2018Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Feb 1, 2018Dec 1, 2023
Bml, Inc. BOilGathers100Jun 1, 2018Dec 1, 2023

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

Who buys my oilOil price check

81.50 acres on the newest permit

Permits for Welch 48
API numberWell no.Acreson the permit
42-317-39772281.50
42-317-38849181.50

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 WELCH 48
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA4955501,8741,7810$80.46$2.89
Jun 2026Ovintiv USA5343571,6311,5410$84.81$3.15
May 2026Ovintiv USA2071734673730$102.13$2.94
Apr 2026Ovintiv USA00000$100.32$2.77
Mar 2026Ovintiv USA00000$91.38$3.04
Feb 2026Ovintiv USA00000$64.51$3.62
Jan 2026Ovintiv USA00000$60.04$7.72
Dec 2025Ovintiv USA00000$57.97$4.26
Nov 2025Ovintiv USA0128000$60.06$3.79
Oct 2025Ovintiv USA00000$60.89$3.19
Sep 2025Ovintiv USA4335028357450$63.96$2.97
Aug 2025Ovintiv USA8458761,9391,8460$64.86$2.91
Jul 2025Ovintiv USA1,0531,1002,1712,0780$68.39$3.20
Jun 2025Ovintiv USA8205541,3511,2610$68.17$3.02
May 2025Ovintiv USA6659241,3941,3010$62.17$3.12
Apr 2025Ovintiv USA1,0919201,8441,7540$63.54$3.42
Mar 2025Ovintiv USA7247361,246684469$68.24$4.12
Feb 2025Ovintiv USA52255095679379$71.53$4.19
Jan 2025Ovintiv USA5895601,1971,1030$75.74$4.13
Dec 2024Ovintiv USA5545531,1811,0870$70.12$3.01
Nov 2024Ovintiv USA6255621,3331,2430$69.95$2.12
Oct 2024Ovintiv USA6227191,440392954$71.99$2.20
Sep 2024Ovintiv USA8669222,1359511,094$70.24$2.28
Aug 2024Ovintiv USA1,5051,4852,3752,2820$76.68$1.99
Jul 2024Ovintiv USA8957501,2051,1120$81.80$2.07
Jun 2024Ovintiv USA7759351,8081,65365$79.77$2.54
May 2024Ovintiv USA1,2381,1101,9911,200698$80.02$2.12
Apr 2024Ovintiv USA1,2371,3151,8185711,157$85.35$1.60
Mar 2024Ovintiv USA1,3101,3362,1355141,528$81.28$1.49
Feb 2024Ovintiv USA1,2191,309973606280$77.25$1.72
Jan 2024Ovintiv USA13802650172$74.15$3.18
Dec 2023Ovintiv USA1321951991590$71.90$2.52
Nov 2023Ovintiv USA537566653364199$77.69$2.71
Oct 2023Ovintiv USA54053249342357$85.64$2.98
Sep 2023Ovintiv USA509538329114125$89.43$2.64
Aug 2023Ovintiv USA5013623230229$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

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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