RAB 34B
RAB 34B is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2022 to August 2026, totalling 331,029 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $4.8M, with roughly $2.1M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 3,380 barrels a month. Its strongest month on the record we hold was July 2022, at 20,957 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about RAB 34B
- Who operates RAB 34B?
- RAB 34B is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is RAB 34B?
- RAB 34B is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21712.
- Is RAB 34B still producing?
- RAB 34B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAB 34B is August 2026.
- How much has RAB 34B produced?
- RAB 34B has reported 331,029 barrels of oil (bbl) to the Railroad Commission of Texas between June 2022 and August 2026, from 1 wellbore.
- How much is RAB 34B worth?
- The remaining production from RAB 34B is estimated to be worth about $4.8M in total as of 26 August 2026, within a range of $4.0M to $5.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAB 34B is a fraction of it. The estimate fits an Arps decline curve to the production RAB 34B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAB 34B is an estimate of value, not an offer and not an appraisal.
- How much income does RAB 34B generate in a year?
- RAB 34B is forecast to net about $2.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAB 34B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21712 |
| Wellbores | 1 |
| Reported production | 331,029 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.8M |
Where RAB 34B sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.