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Texas oil lease

Producing

HOLT RANCH 248Q

Holt Ranch 248Q is an oil lease in Martin County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) R 40 Exc field.

2 wells

3,835bbl oil, last 12 months−40% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-47011

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
31,091 mcf
Oil in Jul 2026
411 bbl

Production by month

Oil output fell 40% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for HOLT RANCH 248Q, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 3,835 bbl in the 12 months through Jul 2026, against 6,385 bbl in the 12 months before.Last 12 months: 3,835 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for HOLT RANCH 248Q, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 3,835 bbl in the 12 months through Jul 2026, against 6,385 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 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 5.1% of the gas in Jul 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 HOLT RANCH 248Q 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 5.1% of the gas in Jul 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 5.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of HOLT RANCH 248Q 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 5.1% of the gas in Jul 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 5.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    80% · 24,984 mcf

  • Transmission line (2)

    16% · 5,005 mcf

  • Lease fuel (1)

    3.5% · 1,102 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.

2 wells on this lease

Wells on HOLT RANCH 248Q
API numberWell no.Status
42-317-396251201Active
42-317-39770901HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers100Apr 1, 2025Aug 1, 2026
Medallion Operating Company, LLCOilGathers50Dec 1, 2023Apr 1, 2025
Oasis Transp & Marketing Corp.OilGathers50Dec 1, 2023Apr 1, 2025
Enterprise Products Operating LLCCasinghead gasGathers100May 1, 2022Dec 1, 2023
Enterprise Products Operating LLCCasinghead gasBuys100May 1, 2022Dec 1, 2023
Medallion Operating Company, LLCOilGathers100May 1, 2022Dec 1, 2023

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

Who buys my oilOil price check

1,161.49 acres on the newest permit

Check your decimal on this lease
Permits for Holt Ranch 248Q
API numberWell no.Acreson the permit
42-317-39770901H1,161.49
42-317-3962512011,161.49

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 HOLT RANCH 248Q
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA4113713,0122,9180$80.46$2.89
Jun 2026Ovintiv USA4343572,4792,3890$84.81$3.15
May 2026Ovintiv USA2283712,7102,6160$102.13$2.94
Apr 2026Ovintiv USA2771822,4692,3790$100.32$2.77
Mar 2026Ovintiv USA2813602,4122,3180$91.38$3.04
Feb 2026Ovintiv USA4013772,6172,5330$64.51$3.62
Jan 2026Ovintiv USA5555793,1243,0300$60.04$7.72
Dec 2025Ovintiv USA2841792,7612,6670$57.97$4.26
Nov 2025Ovintiv USA4355402,9562,8660$60.06$3.79
Oct 2025Ovintiv USA15802,1802,0860$60.89$3.19
Sep 2025Ovintiv USA1993522,1882,0980$63.96$2.97
Aug 2025Ovintiv USA1721712,1832,0890$64.86$2.91
Jul 2025Ovintiv USA9802,3942,179121$68.39$3.20
Jun 2025Ovintiv USA4575393,6593,47990$68.17$3.02
May 2025Ovintiv USA6445453,8183,7240$62.17$3.12
Apr 2025Ovintiv USA5887093,9593,8370$63.54$3.42
Mar 2025Ovintiv USA3051883,4603,2760$68.24$4.12
Feb 2025Ovintiv USA3133733,4633,2350$71.53$4.19
Jan 2025Ovintiv USA6777463,8953,6370$75.74$4.13
Dec 2024Ovintiv USA6185494,0873,8160$70.12$3.01
Nov 2024Ovintiv USA6605592,9592,6910$69.95$2.12
Oct 2024Ovintiv USA5877253,0312,9310$71.99$2.20
Sep 2024Ovintiv USA8037433,1413,0510$70.24$2.28
Aug 2024Ovintiv USA6359052,6532,5590$76.68$1.99
Jul 2024Ovintiv USA9427313,2403,1460$81.80$2.07
Jun 2024Ovintiv USA6395362,2962,2060$79.77$2.54
May 2024Ovintiv USA5145092,2552,1780$80.02$2.12
Apr 2024Ovintiv USA6057292,8762,7860$85.35$1.60
Mar 2024Ovintiv USA7547862,6432,5490$81.28$1.49
Feb 2024Ovintiv USA6305272,4992,4120$77.25$1.72
Jan 2024Ovintiv USA4885301,9031,8080$74.15$3.18
Dec 2023Ovintiv USA6577062,4782,3840$71.90$2.52
Nov 2023Ovintiv USA4093561,2241,1400$77.69$2.71
Oct 2023Ovintiv USA4925361,6041,5100$85.64$2.98
Sep 2023Ovintiv USA4823667216630$89.43$2.64
Aug 2023Ovintiv USA001671650$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) R 40 ExcCountyMartin County

Ovintiv USA Inc. in Martin County

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Spraberry (Trend Area) R 40 Exc field

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