WHEELER 28
WHEELER 28 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Athlon Holdings LP. It has 4 wellbores on file with the Commission. Reported production runs from December 2013 to August 2026, totalling 177,234 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 $806K, with roughly $231K 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 461 barrels a month, about 115 per wellbore. Its strongest month on the record we hold was December 2016, at 2,684 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 28
- Who operates WHEELER 28?
- WHEELER 28 is operated by Athlon Holdings LP, Railroad Commission of Texas operator number 036067.
- Where is WHEELER 28?
- WHEELER 28 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44749.
- Is WHEELER 28 still producing?
- WHEELER 28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER 28 is August 2026.
- How much has WHEELER 28 produced?
- WHEELER 28 has reported 177,234 barrels of oil (bbl) to the Railroad Commission of Texas between December 2013 and August 2026, from 4 wellbores.
- How much is WHEELER 28 worth?
- The remaining production from WHEELER 28 is estimated to be worth about $806K in total as of 27 August 2026, within a range of $629K to $983K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER 28 is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER 28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELER 28 is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER 28 generate in a year?
- WHEELER 28 is forecast to net about $231K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WHEELER 28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Athlon Holdings LP |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 44749 |
| Wellbores | 4 |
| Reported production | 177,234 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $806K |
Where WHEELER 28 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.