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Texas oil lease

Producing

HNC 248E

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

1 well

11,441bbl oil, last 12 months+142% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-50833

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
36,337 mcf
Oil in Jul 2026
1,029 bbl

Production by month

Oil output rose 142% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 142% over the last 12 monthsMonthly oil production and gas for HNC 248E, Aug 2023 to Jul 2026. Oil output rose 142% over the last 12 months. 11,441 bbl in the 12 months through Jul 2026, against 4,736 bbl in the 12 months before.Last 12 months: 11,441 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 142% over the last 12 monthsMonthly oil production and gas for HNC 248E, Aug 2023 to Jul 2026. Oil output rose 142% over the last 12 months. 11,441 bbl in the 12 months through Jul 2026, against 4,736 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.2% of the gas in Apr 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of HNC 248E gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.2% of the gas in Apr 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of HNC 248E gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.2% of the gas in Apr 2024.Share of gas by disposition code0%50%100%Flared 3.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 67,086 mcf

  • Lease fuel (1)

    2.0% · 1,337 mcf

  • Flared (4)

    0.0% · 19 mcf

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.

1 well on this lease

Wells on HNC 248E
API numberWell no.Status
42-317-409864HFActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Jan 28, 2018–
Enterprise Products Operating LLCCasinghead gasBuys100May 1, 2022–
Enterprise Products Operating LLCCasinghead gasGathers100May 1, 2022–
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Jan 1, 2020May 1, 2022
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Jan 1, 2020May 1, 2022
Wtg Gas Processing, L.p.Casinghead gasGathers100Jan 28, 2018Jan 1, 2020
Wtg Gas Processing, L.p.Casinghead gasBuys100Jan 28, 2018Jan 1, 2020

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

Who buys my oilOil price check

5,688.07 acres on the newest permit

An allocation well is on this lease

Permits for HNC 248E
API numberWell no.Acreson the permit
42-317-409864HF5,688.07

SourceRailroad Commission drilling permits, Sep 26, 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 248E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA1,0291,027000$80.46$2.89
Jun 2026Ovintiv USA1,0241,023000$84.81$3.15
May 2026Ovintiv USA1,0121,012000$102.13$2.94
Apr 2026Ovintiv USA1,0031,002000$100.32$2.77
Mar 2026Ovintiv USA1,1271,128000$91.38$3.04
Feb 2026Ovintiv USA9759776,6496,5830$64.51$3.62
Jan 2026Ovintiv USA1,2011,2079,4059,2902$60.04$7.72
Dec 2025Ovintiv USA1,0401,0445,8965,7651$57.97$4.26
Nov 2025Ovintiv USA917911000$60.06$3.79
Oct 2025Ovintiv USA6556558,1217,9621$60.89$3.19
Sep 2025Ovintiv USA6376396,2666,1510$63.96$2.97
Aug 2025Ovintiv USA821824000$64.86$2.91
Jul 2025Ovintiv USA820813000$68.39$3.20
Jun 2025Ovintiv USA4954944,9134,81415$68.17$3.02
May 2025Ovintiv USA5095077,0846,9580$62.17$3.12
Apr 2025Ovintiv USA322321000$63.54$3.42
Mar 2025Ovintiv USA277278000$68.24$4.12
Feb 2025Ovintiv USA315315000$71.53$4.19
Jan 2025Ovintiv USA3343344,7204,6380$75.74$4.13
Dec 2024Ovintiv USA3403412,4572,4140$70.12$3.01
Nov 2024Ovintiv USA4804796005900$69.95$2.12
Oct 2024Ovintiv USA42142011,83611,6530$71.99$2.20
Sep 2024Ovintiv USA246246000$70.24$2.28
Aug 2024Ovintiv USA1771784952680$76.68$1.99
Jul 2024Ovintiv USA40941011,01310,7259$81.80$2.07
Jun 2024Ovintiv USA56957011,58311,3410$79.77$2.54
May 2024Ovintiv USA6086073,9753,7910$80.02$2.12
Apr 2024Ovintiv USA53753615,87215,083505$85.35$1.60
Mar 2024Ovintiv USA53553714,53214,2470$81.28$1.49
Feb 2024Ovintiv USA56256013,48113,2180$77.25$1.72
Jan 2024Ovintiv USA60160214,52314,2370$74.15$3.18
Dec 2023Ovintiv USA68168013,71513,43210$71.90$2.52
Nov 2023Ovintiv USA67767811,18410,9410$77.69$2.71
Oct 2023Ovintiv USA72972910,75710,46042$85.64$2.98
Sep 2023Ovintiv USA73173010,59610,3460$89.43$2.64
Aug 2023Ovintiv USA69569712,09611,8261$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 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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