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 the whole lease — a 100% undivided interest — at about $4.0M, with roughly $1.5M 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 2,519 barrels a month. Its strongest month on the record we hold was August 2021, at 32,781 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 PHOENIX 16B
- Who operates PHOENIX 16B?
- PHOENIX 16B is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is PHOENIX 16B?
- PHOENIX 16B is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56583.
- Is PHOENIX 16B still producing?
- PHOENIX 16B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHOENIX 16B is August 2026.
- How much has PHOENIX 16B produced?
- PHOENIX 16B has reported 427,433 barrels of oil (bbl) to the Railroad Commission of Texas between May 2021 and August 2026, from 1 wellbore.
- How much is PHOENIX 16B worth?
- The remaining production from PHOENIX 16B is estimated to be worth about $4.0M in total as of 27 August 2026, within a range of $3.3M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHOENIX 16B is a fraction of it. The estimate fits an Arps decline curve to the production PHOENIX 16B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHOENIX 16B is an estimate of value, not an offer and not an appraisal.
- How much income does PHOENIX 16B generate in a year?
- PHOENIX 16B is forecast to net about $1.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHOENIX 16B 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 | 56583 |
| Wellbores | 1 |
| Reported production | 427,433 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where PHOENIX 16B 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.