HN 249I
HN 249I is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 2 wellbores on file with the Commission. Reported production runs from August 2018 to August 2026, totalling 571,021 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $3.7M, with roughly $794K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 1,080 barrels a month, about 540 per wellbore. Its strongest month on the record we hold was September 2018, at 47,831 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about HN 249I
- Who operates HN 249I?
- HN 249I is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is HN 249I?
- HN 249I is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51291.
- Is HN 249I still producing?
- HN 249I is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HN 249I is August 2026.
- How much has HN 249I produced?
- HN 249I has reported 571,021 barrels of oil (bbl) to the Railroad Commission of Texas between August 2018 and August 2026, from 2 wellbores.
- How much is HN 249I worth?
- The remaining production from HN 249I is estimated to be worth about $3.7M in total as of 27 August 2026, within a range of $3.1M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HN 249I is a fraction of it. The estimate fits an Arps decline curve to the production HN 249I has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HN 249I is an estimate of value, not an offer and not an appraisal.
- How much income does HN 249I generate in a year?
- HN 249I is forecast to net about $794K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HN 249I receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 51291 |
| Wellbores | 2 |
| Reported production | 571,021 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where HN 249I sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.