KEETER
KEETER is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Westar Energy, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 192,635 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 $1.3M, with roughly $275K 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 369 barrels a month, about 92 per wellbore. Its strongest month on the record we hold was February 2018, at 1,663 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 KEETER
- Who operates KEETER?
- KEETER is operated by Westar Energy, Inc., Railroad Commission of Texas operator number 910692.
- Where is KEETER?
- KEETER is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 25835.
- Is KEETER still producing?
- KEETER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEETER is August 2026.
- How much has KEETER produced?
- KEETER has reported 192,635 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is KEETER worth?
- The remaining production from KEETER is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEETER is a fraction of it. The estimate fits an Arps decline curve to the production KEETER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEETER is an estimate of value, not an offer and not an appraisal.
- How much income does KEETER generate in a year?
- KEETER is forecast to net about $275K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEETER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Westar Energy, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 25835 |
| Wellbores | 4 |
| Reported production | 192,635 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where KEETER 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.