WAPITI 12-15
WAPITI 12-15 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Elk River Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 108,341 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 $305K, with roughly $57K 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 64 barrels a month. Its strongest month on the record we hold was July 2017, at 2,543 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 WAPITI 12-15
- Who operates WAPITI 12-15?
- WAPITI 12-15 is operated by Elk River Resources, LLC, Railroad Commission of Texas operator number 247760.
- Where is WAPITI 12-15?
- WAPITI 12-15 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47446.
- Is WAPITI 12-15 still producing?
- WAPITI 12-15 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WAPITI 12-15 is August 2026.
- How much has WAPITI 12-15 produced?
- WAPITI 12-15 has reported 108,341 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is WAPITI 12-15 worth?
- The remaining production from WAPITI 12-15 is estimated to be worth about $305K in total as of 27 August 2026, within a range of $168K to $442K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WAPITI 12-15 is a fraction of it. The estimate fits an Arps decline curve to the production WAPITI 12-15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WAPITI 12-15 is an estimate of value, not an offer and not an appraisal.
- How much income does WAPITI 12-15 generate in a year?
- WAPITI 12-15 is forecast to net about $57K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WAPITI 12-15 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Elk River Resources, LLC |
|---|---|
| Field | Three Bar (Wichita) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 47446 |
| Wellbores | 1 |
| Reported production | 108,341 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $305K |
Where WAPITI 12-15 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.