DFK 319C
DFK 319C is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 4 wellbores on file with the Commission. Reported production runs from October 2020 to August 2026, totalling 1,136,263 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 $9.4M, with roughly $3.2M 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 4,001 barrels a month, about 1,000 per wellbore. Its strongest month on the record we hold was December 2020, at 134,804 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 DFK 319C
- Who operates DFK 319C?
- DFK 319C is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is DFK 319C?
- DFK 319C is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55374.
- Is DFK 319C still producing?
- DFK 319C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DFK 319C is August 2026.
- How much has DFK 319C produced?
- DFK 319C has reported 1,136,263 barrels of oil (bbl) to the Railroad Commission of Texas between October 2020 and August 2026, from 4 wellbores.
- How much is DFK 319C worth?
- The remaining production from DFK 319C is estimated to be worth about $9.4M in total as of 26 August 2026, within a range of $7.8M to $11.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DFK 319C is a fraction of it. The estimate fits an Arps decline curve to the production DFK 319C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DFK 319C is an estimate of value, not an offer and not an appraisal.
- How much income does DFK 319C generate in a year?
- DFK 319C is forecast to net about $3.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DFK 319C 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 | 55374 |
| Wellbores | 4 |
| Reported production | 1,136,263 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.4M |
Where DFK 319C 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.