LEGEAR
LEGEAR is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Whiting Oil And Gas Corporation. It has 2 wellbores on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 219,998 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 $1.9M, with roughly $627K 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 1,106 barrels a month, about 553 per wellbore. Its strongest month on the record we hold was October 2023, at 19,499 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 LEGEAR
- Who operates LEGEAR?
- LEGEAR is operated by Whiting Oil And Gas Corporation, Railroad Commission of Texas operator number 920478.
- Where is LEGEAR?
- LEGEAR is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43839.
- Is LEGEAR still producing?
- LEGEAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEGEAR is August 2026.
- How much has LEGEAR produced?
- LEGEAR has reported 219,998 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 2 wellbores.
- How much is LEGEAR worth?
- The remaining production from LEGEAR is estimated to be worth about $1.9M in total as of 26 August 2026, within a range of $1.6M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEGEAR is a fraction of it. The estimate fits an Arps decline curve to the production LEGEAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEGEAR is an estimate of value, not an offer and not an appraisal.
- How much income does LEGEAR generate in a year?
- LEGEAR is forecast to net about $627K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEGEAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Whiting Oil And Gas Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 43839 |
| Wellbores | 2 |
| Reported production | 219,998 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where LEGEAR 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.