HERBERT P 102C
HERBERT P 102C is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2025 to August 2026, totalling 175,070 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 $517K, with roughly $514K 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 12,229 barrels a month. Its strongest month on the record we hold was May 2025, at 43,439 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 HERBERT P 102C
- Who operates HERBERT P 102C?
- HERBERT P 102C is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is HERBERT P 102C?
- HERBERT P 102C is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23178.
- Is HERBERT P 102C still producing?
- HERBERT P 102C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERBERT P 102C is August 2026.
- How much has HERBERT P 102C produced?
- HERBERT P 102C has reported 175,070 barrels of oil (bbl) to the Railroad Commission of Texas between March 2025 and August 2026, from 1 wellbore.
- How much is HERBERT P 102C worth?
- The remaining production from HERBERT P 102C is estimated to be worth about $517K in total as of 27 August 2026, within a range of $424K to $610K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERBERT P 102C is a fraction of it. The estimate fits an Arps decline curve to the production HERBERT P 102C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERBERT P 102C is an estimate of value, not an offer and not an appraisal.
- How much income does HERBERT P 102C generate in a year?
- HERBERT P 102C is forecast to net about $514K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HERBERT P 102C 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 | Upton County, Texas |
| RRC district | 7C |
| Lease number | 23178 |
| Wellbores | 1 |
| Reported production | 175,070 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $517K |
Where HERBERT P 102C 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.