PHOENIX 16B
PHOENIX 16B is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Ovintiv Usa Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2021 to August 2026, totalling 427,433 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $94K, with roughly $36K expected over the next twelve months.
| Operator | Ovintiv Usa Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 56583 |
| Wellbores | 1 |
| Reported production | 427,433 bbl |
| First reported | May 2021 |
| Last reported | August 2026 |
| Estimated royalty value | $94K |
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.