PRESIDIO 254G
PRESIDIO 254G is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 4 wellbores on file with the Commission. Reported production runs from May 2024 to August 2026, totalling 841,028 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 $24.4M, with roughly $8.6M 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 16,539 barrels a month, about 4,135 per wellbore. Its strongest month on the record we hold was July 2024, at 122,747 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PRESIDIO 254G
- Who operates PRESIDIO 254G?
- PRESIDIO 254G is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is PRESIDIO 254G?
- PRESIDIO 254G is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62550.
- Is PRESIDIO 254G still producing?
- PRESIDIO 254G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESIDIO 254G is August 2026.
- How much has PRESIDIO 254G produced?
- PRESIDIO 254G has reported 841,028 barrels of oil (bbl) to the Railroad Commission of Texas between May 2024 and August 2026, from 4 wellbores.
- How much is PRESIDIO 254G worth?
- The remaining production from PRESIDIO 254G is estimated to be worth about $24.4M in total as of 27 August 2026, within a range of $20.0M to $28.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESIDIO 254G is a fraction of it. The estimate fits an Arps decline curve to the production PRESIDIO 254G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESIDIO 254G is an estimate of value, not an offer and not an appraisal.
- How much income does PRESIDIO 254G generate in a year?
- PRESIDIO 254G is forecast to net about $8.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESIDIO 254G 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 | 62550 |
| Wellbores | 4 |
| Reported production | 841,028 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $24.4M |
Where PRESIDIO 254G 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.