RAB 34D
RAB 34D 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 June 2022 to August 2026, totalling 407,809 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 $13.3M, with roughly $3.3M 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 4,600 barrels a month. Its strongest month on the record we hold was August 2022, at 26,230 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 34D
- Who operates RAB 34D?
- RAB 34D is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is RAB 34D?
- RAB 34D is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21740.
- Is RAB 34D still producing?
- RAB 34D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAB 34D is August 2026.
- How much has RAB 34D produced?
- RAB 34D has reported 407,809 barrels of oil (bbl) to the Railroad Commission of Texas between June 2022 and August 2026, from 1 wellbore.
- How much is RAB 34D worth?
- The remaining production from RAB 34D is estimated to be worth about $13.3M in total as of 26 August 2026, within a range of $11.0M to $15.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAB 34D is a fraction of it. The estimate fits an Arps decline curve to the production RAB 34D has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAB 34D is an estimate of value, not an offer and not an appraisal.
- How much income does RAB 34D generate in a year?
- RAB 34D is forecast to net about $3.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAB 34D 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 | 21740 |
| Wellbores | 1 |
| Reported production | 407,809 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.3M |
Where RAB 34D 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.