WHATLEY "B"
WHATLEY "B" is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from November 1999 to August 2026, totalling 1,330,266 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 $131K, with roughly $25K 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 1,225 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 5,286 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 WHATLEY "B"
- Who operates WHATLEY "B"?
- WHATLEY "B" is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is WHATLEY "B"?
- WHATLEY "B" is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 176229.
- Is WHATLEY "B" still producing?
- WHATLEY "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHATLEY "B" is August 2026.
- How much has WHATLEY "B" produced?
- WHATLEY "B" has reported 1,330,266 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 1999 and August 2026, from 1 wellbore.
- How much is WHATLEY "B" worth?
- The remaining production from WHATLEY "B" is estimated to be worth about $131K in total as of 26 August 2026, within a range of $109K to $153K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHATLEY "B" is a fraction of it. The estimate fits an Arps decline curve to the production WHATLEY "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHATLEY "B" is an estimate of value, not an offer and not an appraisal.
- How much income does WHATLEY "B" generate in a year?
- WHATLEY "B" is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHATLEY "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Stewards Mill (Cotton Valley SD) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 176229 |
| Wellbores | 1 |
| Reported production | 1,330,266 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $131K |
Where WHATLEY "B" 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.