HEADLEE 5G
HEADLEE 5G is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 3 wellbores on file with the Commission. Reported production runs from August 2024 to August 2026, totalling 886,162 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 $45.8M, with roughly $14.2M 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 27,465 barrels a month, about 9,155 per wellbore. Its strongest month on the record we hold was September 2024, at 111,776 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 HEADLEE 5G
- Who operates HEADLEE 5G?
- HEADLEE 5G is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is HEADLEE 5G?
- HEADLEE 5G is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62780.
- Is HEADLEE 5G still producing?
- HEADLEE 5G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEADLEE 5G is August 2026.
- How much has HEADLEE 5G produced?
- HEADLEE 5G has reported 886,162 barrels of oil (bbl) to the Railroad Commission of Texas between August 2024 and August 2026, from 3 wellbores.
- How much is HEADLEE 5G worth?
- The remaining production from HEADLEE 5G is estimated to be worth about $45.8M in total as of 26 August 2026, within a range of $37.6M to $54.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEADLEE 5G is a fraction of it. The estimate fits an Arps decline curve to the production HEADLEE 5G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEADLEE 5G is an estimate of value, not an offer and not an appraisal.
- How much income does HEADLEE 5G generate in a year?
- HEADLEE 5G is forecast to net about $14.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEADLEE 5G 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 | Ector County, Texas |
| RRC district | 08 |
| Lease number | 62780 |
| Wellbores | 3 |
| Reported production | 886,162 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $45.8M |
Where HEADLEE 5G 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.