WHEELER, LEE -B-
WHEELER, LEE -B- is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by Welhausen Operating Company, LP. It has 10 wellbores on file with the Commission. Reported production runs from May 2006 to August 2026, totalling 318,524 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 $997K, 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 169 barrels a month, about 17 per wellbore. Its strongest month on the record we hold was March 2017, at 1,273 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, LEE -B-
- Who operates WHEELER, LEE -B-?
- WHEELER, LEE -B- is operated by Welhausen Operating Company, LP, Railroad Commission of Texas operator number 907544.
- Where is WHEELER, LEE -B-?
- WHEELER, LEE -B- is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 14696.
- Is WHEELER, LEE -B- still producing?
- WHEELER, LEE -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER, LEE -B- is August 2026.
- How much has WHEELER, LEE -B- produced?
- WHEELER, LEE -B- has reported 318,524 barrels of oil (bbl) to the Railroad Commission of Texas between May 2006 and August 2026, from 10 wellbores.
- How much is WHEELER, LEE -B- worth?
- The remaining production from WHEELER, LEE -B- is estimated to be worth about $997K in total as of 27 August 2026, within a range of $777K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER, LEE -B- is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER, LEE -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELER, LEE -B- is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER, LEE -B- generate in a year?
- WHEELER, LEE -B- is forecast to net about $190K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WHEELER, LEE -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Welhausen Operating Company, LP |
|---|---|
| Field | A.W.P. (Olmos) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 14696 |
| Wellbores | 10 |
| Reported production | 318,524 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $997K |
Where WHEELER, LEE -B- 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.