HOLT 319P
HOLT 319P 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 May 2022 to August 2026, totalling 1,158,859 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 $2.4M, with roughly $1.7M 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 4,525 barrels a month, about 1,508 per wellbore. Its strongest month on the record we hold was June 2022, at 119,350 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 HOLT 319P
- Who operates HOLT 319P?
- HOLT 319P is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is HOLT 319P?
- HOLT 319P is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58864.
- Is HOLT 319P still producing?
- HOLT 319P is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOLT 319P is August 2026.
- How much has HOLT 319P produced?
- HOLT 319P has reported 1,158,859 barrels of oil (bbl) to the Railroad Commission of Texas between May 2022 and August 2026, from 3 wellbores.
- How much is HOLT 319P worth?
- The remaining production from HOLT 319P is estimated to be worth about $2.4M in total as of 27 August 2026, within a range of $2.0M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOLT 319P is a fraction of it. The estimate fits an Arps decline curve to the production HOLT 319P has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOLT 319P is an estimate of value, not an offer and not an appraisal.
- How much income does HOLT 319P generate in a year?
- HOLT 319P is forecast to net about $1.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOLT 319P 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 | 58864 |
| Wellbores | 3 |
| Reported production | 1,158,859 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where HOLT 319P 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.