HNC A248E
HNC A248E 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 January 2018 to August 2026, totalling 713,328 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 $4.2M, with roughly $858K 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 1,110 barrels a month, about 555 per wellbore. Its strongest month on the record we hold was March 2018, at 67,187 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 A248E
- Who operates HNC A248E?
- HNC A248E is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is HNC A248E?
- HNC A248E is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51333.
- Is HNC A248E still producing?
- HNC A248E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HNC A248E is August 2026.
- How much has HNC A248E produced?
- HNC A248E has reported 713,328 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 2 wellbores.
- How much is HNC A248E worth?
- The remaining production from HNC A248E is estimated to be worth about $4.2M in total as of 26 August 2026, within a range of $3.5M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HNC A248E is a fraction of it. The estimate fits an Arps decline curve to the production HNC A248E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HNC A248E is an estimate of value, not an offer and not an appraisal.
- How much income does HNC A248E generate in a year?
- HNC A248E is forecast to net about $858K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HNC A248E 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 | 51333 |
| Wellbores | 2 |
| Reported production | 713,328 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where HNC A248E 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.