EVEREST 24A
EVEREST 24A is a Texas oil lease in Howard 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 966,286 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 $8.9M, with roughly $5.3M 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 12,348 barrels a month, about 6,174 per wellbore. Its strongest month on the record we hold was April 2023, at 100,692 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 EVEREST 24A
- Who operates EVEREST 24A?
- EVEREST 24A is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is EVEREST 24A?
- EVEREST 24A is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62192.
- Is EVEREST 24A still producing?
- EVEREST 24A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EVEREST 24A is August 2026.
- How much has EVEREST 24A produced?
- EVEREST 24A has reported 966,286 barrels of oil (bbl) to the Railroad Commission of Texas between March 2023 and August 2026, from 2 wellbores.
- How much is EVEREST 24A worth?
- The remaining production from EVEREST 24A is estimated to be worth about $8.9M in total as of 27 August 2026, within a range of $7.3M to $10.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EVEREST 24A is a fraction of it. The estimate fits an Arps decline curve to the production EVEREST 24A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EVEREST 24A is an estimate of value, not an offer and not an appraisal.
- How much income does EVEREST 24A generate in a year?
- EVEREST 24A is forecast to net about $5.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EVEREST 24A 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 | 62192 |
| Wellbores | 2 |
| Reported production | 966,286 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.9M |
Where EVEREST 24A 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.