DFK 319E
DFK 319E 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 October 2020 to August 2026, totalling 460,749 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 $2.3M, with roughly $971K 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 1,241 barrels a month, about 620 per wellbore. Its strongest month on the record we hold was December 2020, at 61,215 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 319E
- Who operates DFK 319E?
- DFK 319E is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is DFK 319E?
- DFK 319E is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55376.
- Is DFK 319E still producing?
- DFK 319E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DFK 319E is August 2026.
- How much has DFK 319E produced?
- DFK 319E has reported 460,749 barrels of oil (bbl) to the Railroad Commission of Texas between October 2020 and August 2026, from 2 wellbores.
- How much is DFK 319E worth?
- The remaining production from DFK 319E is estimated to be worth about $2.3M in total as of 27 August 2026, within a range of $1.9M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DFK 319E is a fraction of it. The estimate fits an Arps decline curve to the production DFK 319E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DFK 319E is an estimate of value, not an offer and not an appraisal.
- How much income does DFK 319E generate in a year?
- DFK 319E is forecast to net about $971K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DFK 319E 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 | 55376 |
| Wellbores | 2 |
| Reported production | 460,749 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where DFK 319E 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.