EVEREST 24B
EVEREST 24B 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 March 2023 to August 2026, totalling 432,123 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 $11.1M, with roughly $3.3M 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 5,137 barrels a month. Its strongest month on the record we hold was April 2023, at 54,980 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 EVEREST 24B
- Who operates EVEREST 24B?
- EVEREST 24B is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is EVEREST 24B?
- EVEREST 24B is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62633.
- Is EVEREST 24B still producing?
- EVEREST 24B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EVEREST 24B is August 2026.
- How much has EVEREST 24B produced?
- EVEREST 24B has reported 432,123 barrels of oil (bbl) to the Railroad Commission of Texas between March 2023 and August 2026, from 1 wellbore.
- How much is EVEREST 24B worth?
- The remaining production from EVEREST 24B is estimated to be worth about $11.1M in total as of 27 August 2026, within a range of $9.2M to $12.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EVEREST 24B is a fraction of it. The estimate fits an Arps decline curve to the production EVEREST 24B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EVEREST 24B is an estimate of value, not an offer and not an appraisal.
- How much income does EVEREST 24B generate in a year?
- EVEREST 24B is forecast to net about $3.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EVEREST 24B 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 | 62633 |
| Wellbores | 1 |
| Reported production | 432,123 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.1M |
Where EVEREST 24B 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.