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Texas oil lease

Producing

HNE 249S

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

4 wells

39,081bbl oil, last 12 months−20% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-54011

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
616,927 mcf
Oil in Jul 2026
2,809 bbl

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for HNE 249S, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 39,081 bbl in the 12 months through Jul 2026, against 48,816 bbl in the 12 months before.Last 12 months: 39,081 bblbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for HNE 249S, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 39,081 bbl in the 12 months through Jul 2026, against 48,816 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kJan 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 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 249S 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 249S 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% · 512,329 mcf

  • Transmission line (2)

    17% · 103,032 mcf

  • Lease fuel (1)

    0.2% · 1,101 mcf

  • Flared (4)

    0.1% · 465 mcf

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

4 wells on this lease

Wells on HNE 249S
API numberWell no.Status
42-317-423975HEActive
42-317-423986HDActive
42-317-423997HFActive
42-317-42532R 4HCActive

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 249S
API numberWell no.Acreson the permit
42-317-42532R 4HC4,955.24
42-317-423975HE4,955.24
42-317-423986HD4,955.24
42-317-423997HF4,955.24

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 249S
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,8092,80752,68952,5950$80.46$2.89
Jun 20262,8442,85151,48451,3940$84.81$3.15
May 20262,9983,00151,72951,6380$102.13$2.94
Apr 20262,9222,91950,07649,9880$100.32$2.77
Mar 20263,0883,09251,96651,8740$91.38$3.04
Feb 20263,0023,03249,94149,8530$64.51$3.62
Jan 20263,2643,22358,65658,5570$60.04$7.72
Dec 20253,6513,67757,03056,9330$57.97$4.26
Nov 20253,7803,76452,27352,1820$60.06$3.79
Oct 20253,9873,98051,59251,5010$60.89$3.19
Sep 20253,9753,95348,18948,1020$63.96$2.97
Aug 20252,7612,76041,30240,744465$64.86$2.91
Jul 20253,3643,37339,69139,5990$68.39$3.20
Jun 20253,3413,37144,47144,3760$68.17$3.02
May 20253,9133,89247,52047,4190$62.17$3.12
Apr 20253,8283,83746,40244,6971,601$63.54$3.42
Mar 20253,8523,86046,63946,5310$68.24$4.12
Feb 20253,9853,97243,37143,2700$71.53$4.19
Jan 20254,4354,44149,29049,1753$75.74$4.13
Dec 20244,3384,34248,62348,5060$70.12$3.01
Nov 20244,4544,44246,06745,603353$69.95$2.12
Oct 20244,3994,38847,67147,5540$71.99$2.20
Sep 20244,2604,28944,36944,2564$70.24$2.28
Aug 20244,6474,66947,37047,2530$76.68$1.99
Jul 20244,9744,95942,95742,604238$81.80$2.07
Jun 20245,0405,02042,06641,94214$79.77$2.54
May 20245,1315,12541,24441,08746$80.02$2.12
Apr 20245,2465,24041,14139,5071,520$85.35$1.60
Mar 20245,9065,91639,87539,72934$81.28$1.49
Feb 20244,9204,94035,52135,4076$77.25$1.72
Jan 20245,5195,48639,43439,155157$74.15$3.18
Dec 20234,4394,46030,92930,414405$71.90$2.52
Nov 20234,6824,67730,86130,7520$77.69$2.71
Oct 20234,4424,44528,13127,492528$85.64$2.98
Sep 20235,4805,49937,10734,1412,856$89.43$2.64
Aug 20235,6835,65237,27737,1620$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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