WESLEY UNIT
WESLEY UNIT is a Texas oil lease in Cottle County, Railroad Commission district 8A, operated by Gunn Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 25,734 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 $909K, with roughly $253K 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 383 barrels a month. Its strongest month on the record we hold was November 2022, at 1,167 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 WESLEY UNIT
- Who operates WESLEY UNIT?
- WESLEY UNIT is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is WESLEY UNIT?
- WESLEY UNIT is a Texas oil lease in Cottle County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71243.
- Is WESLEY UNIT still producing?
- WESLEY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WESLEY UNIT is August 2026.
- How much has WESLEY UNIT produced?
- WESLEY UNIT has reported 25,734 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is WESLEY UNIT worth?
- The remaining production from WESLEY UNIT is estimated to be worth about $909K in total as of 26 August 2026, within a range of $709K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WESLEY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WESLEY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WESLEY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WESLEY UNIT generate in a year?
- WESLEY UNIT is forecast to net about $253K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WESLEY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Prothro (Canyon) |
| County | Cottle County, Texas |
| RRC district | 8A |
| Lease number | 71243 |
| Wellbores | 1 |
| Reported production | 25,734 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $909K |
Where WESLEY UNIT 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.