WHEELER 44
WHEELER 44 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from November 2017 to August 2026, totalling 134,188 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 $824K, with roughly $245K 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 391 barrels a month, about 196 per wellbore. Its strongest month on the record we hold was March 2018, at 5,076 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 44
- Who operates WHEELER 44?
- WHEELER 44 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is WHEELER 44?
- WHEELER 44 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49574.
- Is WHEELER 44 still producing?
- WHEELER 44 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER 44 is August 2026.
- How much has WHEELER 44 produced?
- WHEELER 44 has reported 134,188 barrels of oil (bbl) to the Railroad Commission of Texas between November 2017 and August 2026, from 2 wellbores.
- How much is WHEELER 44 worth?
- The remaining production from WHEELER 44 is estimated to be worth about $824K in total as of 26 August 2026, within a range of $643K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER 44 is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER 44 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELER 44 is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER 44 generate in a year?
- WHEELER 44 is forecast to net about $245K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEELER 44 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 49574 |
| Wellbores | 2 |
| Reported production | 134,188 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $824K |
Where WHEELER 44 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.