HRN 249F
HRN 249F 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 January 2023 to August 2026, totalling 805,934 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 $10.0M, with roughly $4.4M 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 7,209 barrels a month, about 2,403 per wellbore. Its strongest month on the record we hold was March 2023, at 91,442 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 HRN 249F
- Who operates HRN 249F?
- HRN 249F is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is HRN 249F?
- HRN 249F is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59184.
- Is HRN 249F still producing?
- HRN 249F is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HRN 249F is August 2026.
- How much has HRN 249F produced?
- HRN 249F has reported 805,934 barrels of oil (bbl) to the Railroad Commission of Texas between January 2023 and August 2026, from 3 wellbores.
- How much is HRN 249F worth?
- The remaining production from HRN 249F is estimated to be worth about $10.0M in total as of 27 August 2026, within a range of $8.3M to $11.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HRN 249F is a fraction of it. The estimate fits an Arps decline curve to the production HRN 249F has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HRN 249F is an estimate of value, not an offer and not an appraisal.
- How much income does HRN 249F generate in a year?
- HRN 249F is forecast to net about $4.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HRN 249F 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 | 59184 |
| Wellbores | 3 |
| Reported production | 805,934 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.0M |
Where HRN 249F 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.