WHEAT 1-59 LOV
WHEAT 1-59 LOV is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 3 wellbores on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 769,054 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 $1.2M, with roughly $592K 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 942 barrels a month, about 314 per wellbore. Its strongest month on the record we hold was May 2016, at 16,487 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 1-59 LOV
- Who operates WHEAT 1-59 LOV?
- WHEAT 1-59 LOV is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
- Where is WHEAT 1-59 LOV?
- WHEAT 1-59 LOV is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44148.
- Is WHEAT 1-59 LOV still producing?
- WHEAT 1-59 LOV is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEAT 1-59 LOV is August 2026.
- How much has WHEAT 1-59 LOV produced?
- WHEAT 1-59 LOV has reported 769,054 barrels of oil (bbl) to the Railroad Commission of Texas between May 2013 and August 2026, from 3 wellbores.
- How much is WHEAT 1-59 LOV worth?
- The remaining production from WHEAT 1-59 LOV is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $901K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEAT 1-59 LOV is a fraction of it. The estimate fits an Arps decline curve to the production WHEAT 1-59 LOV has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEAT 1-59 LOV is an estimate of value, not an offer and not an appraisal.
- How much income does WHEAT 1-59 LOV generate in a year?
- WHEAT 1-59 LOV is forecast to net about $592K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WHEAT 1-59 LOV receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shell Western E&P |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 44148 |
| Wellbores | 3 |
| Reported production | 769,054 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where WHEAT 1-59 LOV 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.