RED BUD W UNIT
RED BUD W UNIT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv Usa Inc. It has 2 wellbores on file with the Commission. Reported production runs from March 2023 to August 2026, totalling 949,474 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 $630K, with roughly $194K expected over the next twelve months.
| Operator | Ovintiv Usa Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 59232 |
| Wellbores | 2 |
| Reported production | 949,474 bbl |
| First reported | March 2023 |
| Last reported | August 2026 |
| Estimated royalty value | $630K |
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.