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Texas oil lease

Producing

HNE 249R

Hne 249R is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

3 wells

25,906bbl oil, last 12 months−24% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-53991

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
309,672 mcf
Oil in Jul 2026
1,924 bbl

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for HNE 249R, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 25,906 bbl in the 12 months through Jul 2026, against 34,219 bbl in the 12 months before.Last 12 months: 25,906 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for HNE 249R, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 25,906 bbl in the 12 months through Jul 2026, against 34,219 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kJan 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 7.7% of the gas in Sep 2023.

  • 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 HNE 249R 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 7.7% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 7.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of HNE 249R 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 7.7% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 7.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    83% · 258,239 mcf

  • Transmission line (2)

    16% · 50,595 mcf

  • Lease fuel (1)

    0.2% · 549 mcf

  • Flared (4)

    0.1% · 289 mcf

0.1% of the gas flared in the last 12 months. 3 months above 3%.

3 wells on this lease

Wells on HNE 249R
API numberWell no.Status
42-317-423931HEActive
42-317-423942HDActive
42-317-423953HFActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Nov 2, 2019–
Enterprise Products Operating LLCCasinghead gasBuys100May 1, 2022–
Enterprise Products Operating LLCCasinghead gasGathers100May 1, 2022–
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Nov 2, 2019May 1, 2022
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Nov 2, 2019May 1, 2022

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

Who buys my oilOil price check

4,955.24 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 Hne 249R
API numberWell no.Acreson the permit
42-317-423931HE4,955.24
42-317-423942HD4,955.24
42-317-423953HF4,955.24

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 HNE 249R
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,9241,92026,46126,4160$80.46$2.89
Jun 20261,8671,87324,91924,8780$84.81$3.15
May 20262,0182,01925,76025,7170$102.13$2.94
Apr 20261,8921,88924,16624,1250$100.32$2.77
Mar 20262,0152,01825,19825,1510$91.38$3.04
Feb 20261,9161,93920,01719,9760$64.51$3.62
Jan 20262,2392,20627,42627,3750$60.04$7.72
Dec 20252,2862,30026,14826,1000$57.97$4.26
Nov 20252,2132,20825,42325,3770$60.06$3.79
Oct 20252,5082,50029,62229,5710$60.89$3.19
Sep 20252,4292,43328,87528,8250$63.96$2.97
Aug 20252,5992,59125,65725,323289$64.86$2.91
Jul 20252,6902,69529,22429,1800$68.39$3.20
Jun 20252,5582,57627,70427,6600$68.17$3.02
May 20252,7482,73829,70029,6550$62.17$3.12
Apr 20252,9292,93128,19427,176973$63.54$3.42
Mar 20252,7042,70226,67926,6340$68.24$4.12
Feb 20252,4682,46324,76124,7190$71.53$4.19
Jan 20252,8392,84527,72127,6722$75.74$4.13
Dec 20242,9672,97028,68328,6340$70.12$3.01
Nov 20243,0823,07525,66325,419197$69.95$2.12
Oct 20243,0873,07829,63629,5900$71.99$2.20
Sep 20242,9202,93929,00828,9622$70.24$2.28
Aug 20243,2273,23830,51730,4700$76.68$1.99
Jul 20243,2053,19729,18228,973162$81.80$2.07
Jun 20243,3553,33828,72128,6678$79.77$2.54
May 20243,1093,10831,62431,53736$80.02$2.12
Apr 20243,3763,37128,62127,5201,059$85.35$1.60
Mar 20243,7323,74432,58932,50829$81.28$1.49
Feb 20243,4483,46529,48029,4215$77.25$1.72
Jan 20244,0684,05229,67329,500119$74.15$3.18
Dec 20233,8813,90333,96633,461446$71.90$2.52
Nov 20234,3054,29333,86133,7980$77.69$2.71
Oct 20233,7163,71334,03533,327641$85.64$2.98
Sep 20234,1464,16636,03033,1922,776$89.43$2.64
Aug 20234,6114,61836,87636,8110$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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