CHERRY 24
CHERRY 24 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 24,441 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 $1.2M, with roughly $182K 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 74 barrels a month. Its strongest month on the record we hold was January 2017, at 487 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CHERRY 24
- Who operates CHERRY 24?
- CHERRY 24 is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is CHERRY 24?
- CHERRY 24 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54230.
- Is CHERRY 24 still producing?
- CHERRY 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHERRY 24 is August 2026.
- How much has CHERRY 24 produced?
- CHERRY 24 has reported 24,441 barrels of oil (bbl) to the Railroad Commission of Texas between August 2014 and August 2026, from 1 wellbore.
- How much is CHERRY 24 worth?
- The remaining production from CHERRY 24 is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $637K to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHERRY 24 is a fraction of it. The estimate fits an Arps decline curve to the production CHERRY 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHERRY 24 is an estimate of value, not an offer and not an appraisal.
- How much income does CHERRY 24 generate in a year?
- CHERRY 24 is forecast to net about $182K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHERRY 24 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 | Howard County, Texas |
| RRC district | 08 |
| Lease number | 54230 |
| Wellbores | 1 |
| Reported production | 24,441 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where CHERRY 24 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.