ABEL 18X
ABEL 18X 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 December 2019 to August 2026, totalling 332,780 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 $3.0M, with roughly $667K 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 1,569 barrels a month. Its strongest month on the record we hold was January 2020, at 29,650 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 ABEL 18X
- Who operates ABEL 18X?
- ABEL 18X is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is ABEL 18X?
- ABEL 18X is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54448.
- Is ABEL 18X still producing?
- ABEL 18X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ABEL 18X is August 2026.
- How much has ABEL 18X produced?
- ABEL 18X has reported 332,780 barrels of oil (bbl) to the Railroad Commission of Texas between December 2019 and August 2026, from 1 wellbore.
- How much is ABEL 18X worth?
- The remaining production from ABEL 18X is estimated to be worth about $3.0M in total as of 26 August 2026, within a range of $2.5M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ABEL 18X is a fraction of it. The estimate fits an Arps decline curve to the production ABEL 18X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ABEL 18X is an estimate of value, not an offer and not an appraisal.
- How much income does ABEL 18X generate in a year?
- ABEL 18X is forecast to net about $667K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ABEL 18X 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 | Howard County, Texas |
| RRC district | 08 |
| Lease number | 54448 |
| Wellbores | 1 |
| Reported production | 332,780 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where ABEL 18X 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.