KLIPSPRINGER STATE 24 E2
KLIPSPRINGER STATE 24 E2 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 1 wellbore on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 275,251 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 $2.2M, with roughly $467K 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 544 barrels a month. Its strongest month on the record we hold was May 2016, at 4,749 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 KLIPSPRINGER STATE 24 E2
- Who operates KLIPSPRINGER STATE 24 E2?
- KLIPSPRINGER STATE 24 E2 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is KLIPSPRINGER STATE 24 E2?
- KLIPSPRINGER STATE 24 E2 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46440.
- Is KLIPSPRINGER STATE 24 E2 still producing?
- KLIPSPRINGER STATE 24 E2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KLIPSPRINGER STATE 24 E2 is August 2026.
- How much has KLIPSPRINGER STATE 24 E2 produced?
- KLIPSPRINGER STATE 24 E2 has reported 275,251 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 1 wellbore.
- How much is KLIPSPRINGER STATE 24 E2 worth?
- The remaining production from KLIPSPRINGER STATE 24 E2 is estimated to be worth about $2.2M in total as of 27 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KLIPSPRINGER STATE 24 E2 is a fraction of it. The estimate fits an Arps decline curve to the production KLIPSPRINGER STATE 24 E2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KLIPSPRINGER STATE 24 E2 is an estimate of value, not an offer and not an appraisal.
- How much income does KLIPSPRINGER STATE 24 E2 generate in a year?
- KLIPSPRINGER STATE 24 E2 is forecast to net about $467K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KLIPSPRINGER STATE 24 E2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46440 |
| Wellbores | 1 |
| Reported production | 275,251 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where KLIPSPRINGER STATE 24 E2 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.