WHEELER, LACY B.
WHEELER, LACY B. is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Ford, R. J. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 17,479 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 $117K, with roughly $22K 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 26 barrels a month. Its strongest month on the record we hold was April 2017, at 88 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, LACY B.
- Who operates WHEELER, LACY B.?
- WHEELER, LACY B. is operated by Ford, R. J. Inc., Railroad Commission of Texas operator number 275667.
- Where is WHEELER, LACY B.?
- WHEELER, LACY B. is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 16864.
- Is WHEELER, LACY B. still producing?
- WHEELER, LACY B. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER, LACY B. is August 2026.
- How much has WHEELER, LACY B. produced?
- WHEELER, LACY B. has reported 17,479 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WHEELER, LACY B. worth?
- The remaining production from WHEELER, LACY B. is estimated to be worth about $117K in total as of 27 August 2026, within a range of $64K to $170K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER, LACY B. is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER, LACY B. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELER, LACY B. is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER, LACY B. generate in a year?
- WHEELER, LACY B. is forecast to net about $22K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WHEELER, LACY B. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ford, R. J. Inc. |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 16864 |
| Wellbores | 1 |
| Reported production | 17,479 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $117K |
Where WHEELER, LACY B. 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.