APEX 2324A
APEX 2324A is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Continental Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 198,718 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 $13.7M, with roughly $3.5M 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 4,657 barrels a month. Its strongest month on the record we hold was April 2024, at 24,278 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 APEX 2324A
- Who operates APEX 2324A?
- APEX 2324A is operated by Continental Resources, Inc., Railroad Commission of Texas operator number 173777.
- Where is APEX 2324A?
- APEX 2324A is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61696.
- Is APEX 2324A still producing?
- APEX 2324A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for APEX 2324A is August 2026.
- How much has APEX 2324A produced?
- APEX 2324A has reported 198,718 barrels of oil (bbl) to the Railroad Commission of Texas between March 2024 and August 2026, from 1 wellbore.
- How much is APEX 2324A worth?
- The remaining production from APEX 2324A is estimated to be worth about $13.7M in total as of 26 August 2026, within a range of $11.4M to $16.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in APEX 2324A is a fraction of it. The estimate fits an Arps decline curve to the production APEX 2324A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for APEX 2324A is an estimate of value, not an offer and not an appraisal.
- How much income does APEX 2324A generate in a year?
- APEX 2324A is forecast to net about $3.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in APEX 2324A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Continental Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 61696 |
| Wellbores | 1 |
| Reported production | 198,718 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.7M |
Where APEX 2324A 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.