WHEELER
WHEELER is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Spindletop Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2010 to August 2026, totalling 13,808 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 $425K, with roughly $82K 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 82 barrels a month. Its strongest month on the record we hold was July 2023, at 278 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 WHEELER
- Who operates WHEELER?
- WHEELER is operated by Spindletop Oil & Gas Company, Railroad Commission of Texas operator number 809930.
- Where is WHEELER?
- WHEELER is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40122.
- Is WHEELER still producing?
- WHEELER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER is August 2026.
- How much has WHEELER produced?
- WHEELER has reported 13,808 barrels of oil (bbl) to the Railroad Commission of Texas between June 2010 and August 2026, from 1 wellbore.
- How much is WHEELER worth?
- The remaining production from WHEELER is estimated to be worth about $425K in total as of 27 August 2026, within a range of $234K to $616K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELER is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER generate in a year?
- WHEELER is forecast to net about $82K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WHEELER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spindletop Oil & Gas Company |
|---|---|
| Field | Martin (Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 40122 |
| Wellbores | 1 |
| Reported production | 13,808 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $425K |
Where WHEELER 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.