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Texas oil lease

Producing

HNC 248C

HNC 248C is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

3 wells

14,559bbl oil, last 12 months−45% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-52323

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
527,954 mcf
Oil in Jul 2026
607 bbl

Production by month

Oil output fell 45% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for HNC 248C, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 14,559 bbl in the 12 months through Jul 2026, against 26,396 bbl in the 12 months before.Last 12 months: 14,559 bblbbl per monthmcf per month001,00020k2,00040k3,00060k4,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for HNC 248C, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 14,559 bbl in the 12 months through Jul 2026, against 26,396 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00020k2,00040k3,00060k4,00080kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 10.2% of the gas in Sep 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of HNC 248C gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 10.2% of the gas in Sep 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 10.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of HNC 248C gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 10.2% of the gas in Sep 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 10.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    85% · 448,544 mcf

  • Transmission line (2)

    12% · 63,900 mcf

  • Flared (4)

    2.8% · 14,956 mcf

  • Lease fuel (1)

    0.1% · 554 mcf

2.8% of the gas flared in the last 12 months. 16 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2020

Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now
Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on HNC 248C
API numberWell no.Status
42-317-41839607HDActive
42-317-41840608HFActive
42-317-41841609HEActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Apr 12, 2019–
Enterprise Products Operating LLCCasinghead gasBuys100May 1, 2022–
Enterprise Products Operating LLCCasinghead gasGathers100May 1, 2022–
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Apr 12, 2019May 1, 2022
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Apr 12, 2019May 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

6,028.27 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for HNC 248C
API numberWell no.Acreson the permit
42-317-41839607HD6,028.27
42-317-41840608HF6,028.27
42-317-41841609HE6,028.27

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for HNC 248C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA60760728,65428,6180$80.46$2.89
Jun 2026Ovintiv USA72172128,78428,7470$84.81$3.15
May 2026Ovintiv USA84885135,19835,1530$102.13$2.94
Apr 2026Ovintiv USA92191948,95148,8960$100.32$2.77
Mar 2026Ovintiv USA1,0101,01350,89150,579247$91.38$3.04
Feb 2026Ovintiv USA1,2191,21744,32843,358916$64.51$3.62
Jan 2026Ovintiv USA1,0001,00236,31435,845418$60.04$7.72
Dec 2025Ovintiv USA1,3331,33345,36442,5482,766$57.97$4.26
Nov 2025Ovintiv USA1,4641,46550,22648,3401,848$60.06$3.79
Oct 2025Ovintiv USA1,6901,69053,41750,8362,542$60.89$3.19
Sep 2025Ovintiv USA1,7451,74550,61745,4335,145$63.96$2.97
Aug 2025Ovintiv USA2,0012,00655,21054,0911,074$64.86$2.91
Jul 2025Ovintiv USA2,2832,27854,64953,0751,529$68.39$3.20
Jun 2025Ovintiv USA2,4972,49846,49945,0301,429$68.17$3.02
May 2025Ovintiv USA2,8862,88346,71246,6710$62.17$3.12
Apr 2025Ovintiv USA2,1422,14644,42740,1714,214$63.54$3.42
Mar 2025Ovintiv USA2,4632,46051,79749,7022,050$68.24$4.12
Feb 2025Ovintiv USA1,5071,50240,16538,4511,674$71.53$4.19
Jan 2025Ovintiv USA1,3341,34039,28238,727517$75.74$4.13
Dec 2024Ovintiv USA2,1112,11140,88839,2301,620$70.12$3.01
Nov 2024Ovintiv USA2,2522,24842,84640,5082,300$69.95$2.12
Oct 2024Ovintiv USA2,3482,34945,23043,0692,121$71.99$2.20
Sep 2024Ovintiv USA2,5822,57642,10242,0620$70.24$2.28
Aug 2024Ovintiv USA1,9912,02837,56837,5300$76.68$1.99
Jul 2024Ovintiv USA1,5531,53639,11539,0520$81.80$2.07
Jun 2024Ovintiv USA1,2771,27830,63630,5704$79.77$2.54
May 2024Ovintiv USA1,5611,57830,75030,6890$80.02$2.12
Apr 2024Ovintiv USA2,4632,44938,00535,5142,428$85.35$1.60
Mar 2024Ovintiv USA2,6642,68041,12040,509543$81.28$1.49
Feb 2024Ovintiv USA2,5222,51338,73836,5862,084$77.25$1.72
Jan 2024Ovintiv USA2,8192,83044,22440,5903,560$74.15$3.18
Dec 2023Ovintiv USA3,2633,29848,21644,1923,943$71.90$2.52
Nov 2023Ovintiv USA2,9302,90940,39539,730588$77.69$2.71
Oct 2023Ovintiv USA3,7253,70344,76543,971717$85.64$2.98
Sep 2023Ovintiv USA2,7902,77440,84140,089682$89.43$2.64
Aug 2023Ovintiv USA1,6621,65930,79828,7291,999$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyMartin County

Ovintiv USA Inc. in Martin County

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Spraberry (Trend Area) field

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