DFK 319X
DFK 319X 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 January 2018 to August 2026, totalling 404,199 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 $6.0M, with roughly $1.3M 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 1,436 barrels a month. Its strongest month on the record we hold was May 2018, at 29,168 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 319X
- Who operates DFK 319X?
- DFK 319X is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is DFK 319X?
- DFK 319X is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51404.
- Is DFK 319X still producing?
- DFK 319X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DFK 319X is August 2026.
- How much has DFK 319X produced?
- DFK 319X has reported 404,199 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is DFK 319X worth?
- The remaining production from DFK 319X is estimated to be worth about $6.0M in total as of 27 August 2026, within a range of $5.0M to $7.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DFK 319X is a fraction of it. The estimate fits an Arps decline curve to the production DFK 319X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DFK 319X is an estimate of value, not an offer and not an appraisal.
- How much income does DFK 319X generate in a year?
- DFK 319X is forecast to net about $1.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DFK 319X 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 | 51404 |
| Wellbores | 1 |
| Reported production | 404,199 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.0M |
Where DFK 319X 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.