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Texas oil lease

Producing

HOLT RANCH 248U

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

1 well

11,453bbl oil, last 12 months−27% vs prior year
Operator
Ovintiv USA Inc.
County
Martin County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-46492

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
77,472 mcf
Oil in Jul 2026
790 bbl

Production by month

Oil output fell 27% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for HOLT RANCH 248U, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 11,453 bbl in the 12 months through Jul 2026, against 15,681 bbl in the 12 months before.Last 12 months: 11,453 bblbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for HOLT RANCH 248U, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 11,453 bbl in the 12 months through Jul 2026, against 15,681 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kJan 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

  • 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 248U 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.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of HOLT RANCH 248U 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.Share of gas by disposition code0%50%100%Jul 26: line to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    78% · 60,122 mcf

  • Transmission line (2)

    12% · 9,653 mcf

  • Lease fuel (1)

    9.9% · 7,696 mcf

  • Flared (4)

    0.0% · 1 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 HOLT RANCH 248U
API numberWell no.Status
42-317-39692101HActive

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
Enterprise Products Operating LLCCasinghead gasGathers100May 1, 2022Apr 1, 2025
Enterprise Products Operating LLCCasinghead gasBuys100May 1, 2022Apr 1, 2025
Oasis Transp & Marketing Corp.OilGathers100May 1, 2022Apr 1, 2025
Wtg Gas Processing, L.p.Casinghead gasGathers100Feb 13, 2015May 1, 2022
Wtg Gas Processing, L.p.Casinghead gasBuys100Feb 13, 2015May 1, 2022

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

Who buys my oilOil price check

6,645.60 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 Holt Ranch 248U
API numberWell no.Acreson the permit
42-317-39692101H6,645.60

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 248U
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA7909194,5164,0571$80.46$2.89
Jun 2026Ovintiv USA8037534,8714,3970$84.81$3.15
May 2026Ovintiv USA9459165,8165,2560$102.13$2.94
Apr 2026Ovintiv USA1,0121,0235,4594,8860$100.32$2.77
Mar 2026Ovintiv USA9219195,4314,8650$91.38$3.04
Feb 2026Ovintiv USA8618884,7124,2200$64.51$3.62
Jan 2026Ovintiv USA8498353,7143,2990$60.04$7.72
Dec 2025Ovintiv USA9629426,3455,6790$57.97$4.26
Nov 2025Ovintiv USA92794810,2169,1960$60.06$3.79
Oct 2025Ovintiv USA1,0651,0248,8197,9830$60.89$3.19
Sep 2025Ovintiv USA1,1261,1508,6787,8680$63.96$2.97
Aug 2025Ovintiv USA1,1921,2568,8958,0690$64.86$2.91
Jul 2025Ovintiv USA1,2961,24010,0259,1391$68.39$3.20
Jun 2025Ovintiv USA1,3201,3318,8618,0510$68.17$3.02
May 2025Ovintiv USA1,4051,4117,3316,6130$62.17$3.12
Apr 2025Ovintiv USA1,2211,2204,8254,2790$63.54$3.42
Mar 2025Ovintiv USA1,3041,300000$68.24$4.12
Feb 2025Ovintiv USA1,4011,393000$71.53$4.19
Jan 2025Ovintiv USA1,2901,3099086830$75.74$4.13
Dec 2024Ovintiv USA1,4091,4001,9871,6650$70.12$3.01
Nov 2024Ovintiv USA1,2841,2181,4451,1790$69.95$2.12
Oct 2024Ovintiv USA827906000$71.99$2.20
Sep 2024Ovintiv USA1,4821,526000$70.24$2.28
Aug 2024Ovintiv USA1,4421,37555000$76.68$1.99
Jul 2024Ovintiv USA1,3331,32546000$81.80$2.07
Jun 2024Ovintiv USA1,5361,59050100$79.77$2.54
May 2024Ovintiv USA1,6291,6156,4295,8470$80.02$2.12
Apr 2024Ovintiv USA1,3311,3083,3152,8130$85.35$1.60
Mar 2024Ovintiv USA2,0431,92251800$81.28$1.49
Feb 2024Ovintiv USA00000$77.25$1.72
Jan 2024Ovintiv USA00000$74.15$3.18
Dec 2023Ovintiv USA004,9274,9270$71.90$2.52
Nov 2023Ovintiv USA00000$77.69$2.71
Oct 2023Ovintiv USA00000$85.64$2.98
Sep 2023Ovintiv USA00000$89.43$2.64
Aug 2023Ovintiv USA018000$81.39$2.58

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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