WHITLEY
WHITLEY is a Texas oil lease in Bastrop County, Railroad Commission district 01, operated by Maxwell Oil & Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 57,251 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 $190K, with roughly $37K 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 35 barrels a month. Its strongest month on the record we hold was July 2016, at 163 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 WHITLEY
- Who operates WHITLEY?
- WHITLEY is operated by Maxwell Oil & Gas Corp., Railroad Commission of Texas operator number 534656.
- Where is WHITLEY?
- WHITLEY is a Texas oil lease in Bastrop County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 12128.
- Is WHITLEY still producing?
- WHITLEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHITLEY is August 2026.
- How much has WHITLEY produced?
- WHITLEY has reported 57,251 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WHITLEY worth?
- The remaining production from WHITLEY is estimated to be worth about $190K in total as of 26 August 2026, within a range of $105K to $276K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHITLEY is a fraction of it. The estimate fits an Arps decline curve to the production WHITLEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHITLEY is an estimate of value, not an offer and not an appraisal.
- How much income does WHITLEY generate in a year?
- WHITLEY is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHITLEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxwell Oil & Gas Corp. |
|---|---|
| Field | Serbin (Wilcox) |
| County | Bastrop County, Texas |
| RRC district | 01 |
| Lease number | 12128 |
| Wellbores | 1 |
| Reported production | 57,251 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $190K |
Where WHITLEY 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.