HNC 248G
HNC 248G 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 535,587 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 $662K 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 912 barrels a month. Its strongest month on the record we hold was April 2018, at 34,081 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 248G
- Who operates HNC 248G?
- HNC 248G is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is HNC 248G?
- HNC 248G is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51334.
- Is HNC 248G still producing?
- HNC 248G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HNC 248G is August 2026.
- How much has HNC 248G produced?
- HNC 248G has reported 535,587 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is HNC 248G worth?
- The remaining production from HNC 248G is estimated to be worth about $2.3M in total as of 27 August 2026, within a range of $1.8M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HNC 248G is a fraction of it. The estimate fits an Arps decline curve to the production HNC 248G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HNC 248G is an estimate of value, not an offer and not an appraisal.
- How much income does HNC 248G generate in a year?
- HNC 248G is forecast to net about $662K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HNC 248G 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 | 51334 |
| Wellbores | 1 |
| Reported production | 535,587 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where HNC 248G 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.