HNE 249Q
HNE 249Q is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 334,281 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 $3.3M, with roughly $824K 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 1,009 barrels a month. Its strongest month on the record we hold was December 2018, at 35,574 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 HNE 249Q
- Who operates HNE 249Q?
- HNE 249Q is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is HNE 249Q?
- HNE 249Q is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51345.
- Is HNE 249Q still producing?
- HNE 249Q is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HNE 249Q is August 2026.
- How much has HNE 249Q produced?
- HNE 249Q has reported 334,281 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 1 wellbore.
- How much is HNE 249Q worth?
- The remaining production from HNE 249Q is estimated to be worth about $3.3M in total as of 27 August 2026, within a range of $2.7M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HNE 249Q is a fraction of it. The estimate fits an Arps decline curve to the production HNE 249Q has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HNE 249Q is an estimate of value, not an offer and not an appraisal.
- How much income does HNE 249Q generate in a year?
- HNE 249Q is forecast to net about $824K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HNE 249Q 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 | 51345 |
| Wellbores | 1 |
| Reported production | 334,281 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.3M |
Where HNE 249Q 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.