LEE WHEELER -C-
LEE WHEELER -C- is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by Welhausen Operating Company, LP. It has 8 wellbores on file with the Commission. Reported production runs from January 2011 to August 2026, totalling 195,486 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 $1.4M, with roughly $312K 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 513 barrels a month, about 64 per wellbore. Its strongest month on the record we hold was August 2018, at 1,554 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 LEE WHEELER -C-
- Who operates LEE WHEELER -C-?
- LEE WHEELER -C- is operated by Welhausen Operating Company, LP, Railroad Commission of Texas operator number 907544.
- Where is LEE WHEELER -C-?
- LEE WHEELER -C- is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15415.
- Is LEE WHEELER -C- still producing?
- LEE WHEELER -C- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEE WHEELER -C- is August 2026.
- How much has LEE WHEELER -C- produced?
- LEE WHEELER -C- has reported 195,486 barrels of oil (bbl) to the Railroad Commission of Texas between January 2011 and August 2026, from 8 wellbores.
- How much is LEE WHEELER -C- worth?
- The remaining production from LEE WHEELER -C- is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEE WHEELER -C- is a fraction of it. The estimate fits an Arps decline curve to the production LEE WHEELER -C- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEE WHEELER -C- is an estimate of value, not an offer and not an appraisal.
- How much income does LEE WHEELER -C- generate in a year?
- LEE WHEELER -C- is forecast to net about $312K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEE WHEELER -C- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Welhausen Operating Company, LP |
|---|---|
| Field | A.W.P. (Olmos) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 15415 |
| Wellbores | 8 |
| Reported production | 195,486 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where LEE WHEELER -C- 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.