WHATLEY, ELMER
WHATLEY, ELMER is a Texas oil lease in Cass County, Railroad Commission district 06, operated by Whatley, O.B. Oil Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 89,780 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 $655K, with roughly $126K 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 141 barrels a month, about 70 per wellbore. Its strongest month on the record we hold was December 2016, at 404 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 WHATLEY, ELMER
- Who operates WHATLEY, ELMER?
- WHATLEY, ELMER is operated by Whatley, O.B. Oil Company, Inc., Railroad Commission of Texas operator number 913974.
- Where is WHATLEY, ELMER?
- WHATLEY, ELMER is a Texas oil lease in Cass County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 12768.
- Is WHATLEY, ELMER still producing?
- WHATLEY, ELMER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHATLEY, ELMER is August 2026.
- How much has WHATLEY, ELMER produced?
- WHATLEY, ELMER has reported 89,780 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is WHATLEY, ELMER worth?
- The remaining production from WHATLEY, ELMER is estimated to be worth about $655K in total as of 26 August 2026, within a range of $511K to $799K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHATLEY, ELMER is a fraction of it. The estimate fits an Arps decline curve to the production WHATLEY, ELMER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHATLEY, ELMER is an estimate of value, not an offer and not an appraisal.
- How much income does WHATLEY, ELMER generate in a year?
- WHATLEY, ELMER is forecast to net about $126K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHATLEY, ELMER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Whatley, O.B. Oil Company, Inc. |
|---|---|
| Field | Haynes (Mitchell) |
| County | Cass County, Texas |
| RRC district | 06 |
| Lease number | 12768 |
| Wellbores | 2 |
| Reported production | 89,780 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $655K |
Where WHATLEY, ELMER 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.