VERNON 252 B
VERNON 252 B is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 2 wellbores on file with the Commission. Reported production runs from March 2023 to August 2026, totalling 368,053 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 $7.3M, with roughly $2.3M 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 3,820 barrels a month, about 1,910 per wellbore. Its strongest month on the record we hold was April 2023, at 35,460 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 VERNON 252 B
- Who operates VERNON 252 B?
- VERNON 252 B is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is VERNON 252 B?
- VERNON 252 B is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58968.
- Is VERNON 252 B still producing?
- VERNON 252 B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VERNON 252 B is August 2026.
- How much has VERNON 252 B produced?
- VERNON 252 B has reported 368,053 barrels of oil (bbl) to the Railroad Commission of Texas between March 2023 and August 2026, from 2 wellbores.
- How much is VERNON 252 B worth?
- The remaining production from VERNON 252 B is estimated to be worth about $7.3M in total as of 26 August 2026, within a range of $6.1M to $8.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VERNON 252 B is a fraction of it. The estimate fits an Arps decline curve to the production VERNON 252 B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VERNON 252 B is an estimate of value, not an offer and not an appraisal.
- How much income does VERNON 252 B generate in a year?
- VERNON 252 B is forecast to net about $2.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VERNON 252 B 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 | 58968 |
| Wellbores | 2 |
| Reported production | 368,053 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.3M |
Where VERNON 252 B 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.