RAB 22X
RAB 22X is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2022 to August 2026, totalling 174,769 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 $2.4M, with roughly $1.1M 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 1,419 barrels a month. Its strongest month on the record we hold was November 2022, at 31,527 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 RAB 22X
- Who operates RAB 22X?
- RAB 22X is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is RAB 22X?
- RAB 22X is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58550.
- Is RAB 22X still producing?
- RAB 22X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAB 22X is August 2026.
- How much has RAB 22X produced?
- RAB 22X has reported 174,769 barrels of oil (bbl) to the Railroad Commission of Texas between October 2022 and August 2026, from 1 wellbore.
- How much is RAB 22X worth?
- The remaining production from RAB 22X is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $2.0M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAB 22X is a fraction of it. The estimate fits an Arps decline curve to the production RAB 22X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAB 22X is an estimate of value, not an offer and not an appraisal.
- How much income does RAB 22X generate in a year?
- RAB 22X is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAB 22X 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 | Midland County, Texas |
| RRC district | 08 |
| Lease number | 58550 |
| Wellbores | 1 |
| Reported production | 174,769 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where RAB 22X 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.