WHEELER
WHEELER is a Texas oil lease in Crosby County, Railroad Commission district 8A, operated by Aoco Operating Company, L.L.C. It has 26 wellbores on file with the Commission. Reported production runs from March 1999 to August 2026, totalling 412,700 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 $1.5M, with roughly $333K 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 506 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was May 2016, at 1,415 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 WHEELER
- Who operates WHEELER?
- WHEELER is operated by Aoco Operating Company, L.L.C., Railroad Commission of Texas operator number 026802.
- Where is WHEELER?
- WHEELER is a Texas oil lease in Crosby County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68070.
- 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 412,700 barrels of oil (bbl) to the Railroad Commission of Texas between March 1999 and August 2026, from 26 wellbores.
- How much is WHEELER worth?
- The remaining production from WHEELER is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.1M to $1.8M. 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 $333K across the whole undivided lease over the twelve months following 26 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 | Aoco Operating Company, L.L.C. |
|---|---|
| Field | Hoople (Clear Fork) |
| County | Crosby County, Texas |
| RRC district | 8A |
| Lease number | 68070 |
| Wellbores | 26 |
| Reported production | 412,700 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
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.