WHEELER, LEE
WHEELER, LEE is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by Welhausen Operating Co., Inc. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 290,610 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 $586K, with roughly $107K 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 152 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was January 2021, at 282 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
- Who operates WHEELER, LEE?
- WHEELER, LEE is operated by Welhausen Operating Co., Inc., Railroad Commission of Texas operator number 907543.
- Where is WHEELER, LEE?
- WHEELER, LEE is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 11912.
- Is WHEELER, LEE still producing?
- WHEELER, LEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER, LEE is August 2026.
- How much has WHEELER, LEE produced?
- WHEELER, LEE has reported 290,610 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is WHEELER, LEE worth?
- The remaining production from WHEELER, LEE is estimated to be worth about $586K in total as of 27 August 2026, within a range of $457K to $715K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER, LEE is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER, LEE 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 is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER, LEE generate in a year?
- WHEELER, LEE is forecast to net about $107K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WHEELER, LEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Welhausen Operating Co., Inc. |
|---|---|
| Field | A.W.P. (Olmos) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 11912 |
| Wellbores | 8 |
| Reported production | 290,610 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $586K |
Where WHEELER, LEE 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.