WHEAT
WHEAT is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Cross Timbers Operating Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 70,548 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 $1.1M, with roughly $190K 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 188 barrels a month, about 63 per wellbore. Its strongest month on the record we hold was October 2018, at 451 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 WHEAT
- Who operates WHEAT?
- WHEAT is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is WHEAT?
- WHEAT is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 02933.
- Is WHEAT still producing?
- WHEAT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEAT is August 2026.
- How much has WHEAT produced?
- WHEAT has reported 70,548 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is WHEAT worth?
- The remaining production from WHEAT is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $886K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEAT is a fraction of it. The estimate fits an Arps decline curve to the production WHEAT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEAT is an estimate of value, not an offer and not an appraisal.
- How much income does WHEAT generate in a year?
- WHEAT is forecast to net about $190K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEAT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Kiowa Creek (Morrow, Upper-Oil) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 02933 |
| Wellbores | 3 |
| Reported production | 70,548 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where WHEAT 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.