HNC 248CC
HNC 248CC is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 551,072 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 $6.3M, 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 1,549 barrels a month, about 774 per wellbore. Its strongest month on the record we hold was June 2019, at 51,256 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 HNC 248CC
- Who operates HNC 248CC?
- HNC 248CC is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is HNC 248CC?
- HNC 248CC is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52473.
- Is HNC 248CC still producing?
- HNC 248CC is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HNC 248CC is August 2026.
- How much has HNC 248CC produced?
- HNC 248CC has reported 551,072 barrels of oil (bbl) to the Railroad Commission of Texas between April 2019 and August 2026, from 2 wellbores.
- How much is HNC 248CC worth?
- The remaining production from HNC 248CC is estimated to be worth about $6.3M in total as of 26 August 2026, within a range of $5.2M to $7.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HNC 248CC is a fraction of it. The estimate fits an Arps decline curve to the production HNC 248CC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HNC 248CC is an estimate of value, not an offer and not an appraisal.
- How much income does HNC 248CC generate in a year?
- HNC 248CC 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 HNC 248CC 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 | 52473 |
| Wellbores | 2 |
| Reported production | 551,072 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.3M |
Where HNC 248CC 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.