HNE 249U
HNE 249U is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 2 wellbores on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 693,674 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 $12.6M, with roughly $2.6M 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 3,445 barrels a month, about 1,723 per wellbore. Its strongest month on the record we hold was January 2020, at 51,052 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 249U
- Who operates HNE 249U?
- HNE 249U is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is HNE 249U?
- HNE 249U is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53993.
- Is HNE 249U still producing?
- HNE 249U is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HNE 249U is August 2026.
- How much has HNE 249U produced?
- HNE 249U has reported 693,674 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 2 wellbores.
- How much is HNE 249U worth?
- The remaining production from HNE 249U is estimated to be worth about $12.6M in total as of 26 August 2026, within a range of $10.5M to $14.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HNE 249U is a fraction of it. The estimate fits an Arps decline curve to the production HNE 249U has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HNE 249U is an estimate of value, not an offer and not an appraisal.
- How much income does HNE 249U generate in a year?
- HNE 249U is forecast to net about $2.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HNE 249U receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 53993 |
| Wellbores | 2 |
| Reported production | 693,674 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.6M |
Where HNE 249U 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.