HNE 249R
HNE 249R is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 3 wellbores on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 839,834 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 $5.4M, with roughly $1.8M 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 2,341 barrels a month, about 780 per wellbore. Its strongest month on the record we hold was December 2019, at 93,506 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 HNE 249R
- Who operates HNE 249R?
- HNE 249R is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is HNE 249R?
- HNE 249R is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53991.
- Is HNE 249R still producing?
- HNE 249R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HNE 249R is August 2026.
- How much has HNE 249R produced?
- HNE 249R has reported 839,834 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 3 wellbores.
- How much is HNE 249R worth?
- The remaining production from HNE 249R is estimated to be worth about $5.4M in total as of 27 August 2026, within a range of $4.5M to $6.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HNE 249R is a fraction of it. The estimate fits an Arps decline curve to the production HNE 249R has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HNE 249R is an estimate of value, not an offer and not an appraisal.
- How much income does HNE 249R generate in a year?
- HNE 249R is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HNE 249R 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 | 53991 |
| Wellbores | 3 |
| Reported production | 839,834 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.4M |
Where HNE 249R 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.