WHEELER UNIT 1
WHEELER UNIT 1 is a Texas gas lease in Mcmullen County, Railroad Commission district 01, operated by BHP Billiton Pet(Txla Op) Co. It has 1 wellbore on file with the Commission. Reported production runs from September 2013 to August 2026, totalling 1,384,004 thousand cubic feet. 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 $232K, with roughly $63K 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 2,592 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 9,520 thousand cubic feet. 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 WHEELER UNIT 1
- Who operates WHEELER UNIT 1?
- WHEELER UNIT 1 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is WHEELER UNIT 1?
- WHEELER UNIT 1 is a Texas gas lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 273736.
- Is WHEELER UNIT 1 still producing?
- WHEELER UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER UNIT 1 is August 2026.
- How much has WHEELER UNIT 1 produced?
- WHEELER UNIT 1 has reported 1,384,004 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2013 and August 2026, from 1 wellbore.
- How much is WHEELER UNIT 1 worth?
- The remaining production from WHEELER UNIT 1 is estimated to be worth about $232K in total as of 26 August 2026, within a range of $193K to $272K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELER UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER UNIT 1 generate in a year?
- WHEELER UNIT 1 is forecast to net about $63K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEELER UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BHP Billiton Pet(Txla Op) Co |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 273736 |
| Wellbores | 1 |
| Reported production | 1,384,004 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $232K |
Where WHEELER UNIT 1 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.