WAGON WHEEL UNIVERSITY
WAGON WHEEL UNIVERSITY is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Eland Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2015 to August 2026, totalling 64,557 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 $842K, with roughly $205K 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 292 barrels a month. Its strongest month on the record we hold was August 2016, at 694 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 WAGON WHEEL UNIVERSITY
- Who operates WAGON WHEEL UNIVERSITY?
- WAGON WHEEL UNIVERSITY is operated by Eland Energy, Inc., Railroad Commission of Texas operator number 246565.
- Where is WAGON WHEEL UNIVERSITY?
- WAGON WHEEL UNIVERSITY is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46897.
- Is WAGON WHEEL UNIVERSITY still producing?
- WAGON WHEEL UNIVERSITY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WAGON WHEEL UNIVERSITY is August 2026.
- How much has WAGON WHEEL UNIVERSITY produced?
- WAGON WHEEL UNIVERSITY has reported 64,557 barrels of oil (bbl) to the Railroad Commission of Texas between September 2015 and August 2026, from 1 wellbore.
- How much is WAGON WHEEL UNIVERSITY worth?
- The remaining production from WAGON WHEEL UNIVERSITY is estimated to be worth about $842K in total as of 26 August 2026, within a range of $657K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WAGON WHEEL UNIVERSITY is a fraction of it. The estimate fits an Arps decline curve to the production WAGON WHEEL UNIVERSITY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WAGON WHEEL UNIVERSITY is an estimate of value, not an offer and not an appraisal.
- How much income does WAGON WHEEL UNIVERSITY generate in a year?
- WAGON WHEEL UNIVERSITY is forecast to net about $205K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WAGON WHEEL UNIVERSITY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eland Energy, Inc. |
|---|---|
| Field | Wagon Wheel (Penn) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 46897 |
| Wellbores | 1 |
| Reported production | 64,557 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $842K |
Where WAGON WHEEL UNIVERSITY 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.