HC 320X
HC 320X is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 300,094 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 $5.2M, with roughly $1.6M 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 2,414 barrels a month. Its strongest month on the record we hold was September 2022, at 32,295 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 HC 320X
- Who operates HC 320X?
- HC 320X is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is HC 320X?
- HC 320X is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58328.
- Is HC 320X still producing?
- HC 320X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HC 320X is August 2026.
- How much has HC 320X produced?
- HC 320X has reported 300,094 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is HC 320X worth?
- The remaining production from HC 320X is estimated to be worth about $5.2M in total as of 26 August 2026, within a range of $4.3M to $6.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HC 320X is a fraction of it. The estimate fits an Arps decline curve to the production HC 320X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HC 320X is an estimate of value, not an offer and not an appraisal.
- How much income does HC 320X generate in a year?
- HC 320X is forecast to net about $1.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HC 320X 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 | 58328 |
| Wellbores | 1 |
| Reported production | 300,094 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.2M |
Where HC 320X 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.