WRENCHEY, OUIDA
WRENCHEY, OUIDA is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Melton, Joe, DRLG. Co., Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 150,038 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 $622K, with roughly $120K 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 168 barrels a month, about 34 per wellbore. Its strongest month on the record we hold was May 2017, at 645 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 WRENCHEY, OUIDA
- Who operates WRENCHEY, OUIDA?
- WRENCHEY, OUIDA is operated by Melton, Joe, DRLG. Co., Inc., Railroad Commission of Texas operator number 559580.
- Where is WRENCHEY, OUIDA?
- WRENCHEY, OUIDA is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61933.
- Is WRENCHEY, OUIDA still producing?
- WRENCHEY, OUIDA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WRENCHEY, OUIDA is August 2026.
- How much has WRENCHEY, OUIDA produced?
- WRENCHEY, OUIDA has reported 150,038 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is WRENCHEY, OUIDA worth?
- The remaining production from WRENCHEY, OUIDA is estimated to be worth about $622K in total as of 27 August 2026, within a range of $485K to $759K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WRENCHEY, OUIDA is a fraction of it. The estimate fits an Arps decline curve to the production WRENCHEY, OUIDA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WRENCHEY, OUIDA is an estimate of value, not an offer and not an appraisal.
- How much income does WRENCHEY, OUIDA generate in a year?
- WRENCHEY, OUIDA is forecast to net about $120K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WRENCHEY, OUIDA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Melton, Joe, DRLG. Co., Inc. |
|---|---|
| Field | Levelland |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 61933 |
| Wellbores | 5 |
| Reported production | 150,038 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $622K |
Where WRENCHEY, OUIDA 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.