KEELE 4
KEELE 4 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Petroplex Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2025 to August 2026, totalling 23,362 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 $1.6M, with roughly $606K 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 1,563 barrels a month. Its strongest month on the record we hold was April 2025, at 3,468 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 KEELE 4
- Who operates KEELE 4?
- KEELE 4 is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is KEELE 4?
- KEELE 4 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64709.
- Is KEELE 4 still producing?
- KEELE 4 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEELE 4 is August 2026.
- How much has KEELE 4 produced?
- KEELE 4 has reported 23,362 barrels of oil (bbl) to the Railroad Commission of Texas between April 2025 and August 2026, from 1 wellbore.
- How much is KEELE 4 worth?
- The remaining production from KEELE 4 is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.3M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEELE 4 is a fraction of it. The estimate fits an Arps decline curve to the production KEELE 4 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEELE 4 is an estimate of value, not an offer and not an appraisal.
- How much income does KEELE 4 generate in a year?
- KEELE 4 is forecast to net about $606K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEELE 4 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 64709 |
| Wellbores | 1 |
| Reported production | 23,362 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where KEELE 4 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.