WHEELER
WHEELER is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by GMT Exploration Co Texas, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2006 to August 2026, totalling 943,812 thousand cubic feet. 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 $37K, with roughly $5K 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 345 thousand cubic feet a month. Its strongest month on the record we hold was April 2019, at 1,692 thousand cubic feet. 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
- Who operates WHEELER?
- WHEELER is operated by GMT Exploration Co Texas, LLC, Railroad Commission of Texas operator number 311419.
- Where is WHEELER?
- WHEELER is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 221946.
- Is WHEELER still producing?
- WHEELER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELER is August 2026.
- How much has WHEELER produced?
- WHEELER has reported 943,812 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2006 and August 2026, from 1 wellbore.
- How much is WHEELER worth?
- The remaining production from WHEELER is estimated to be worth about $37K in total as of 26 August 2026, within a range of $29K to $45K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELER is a fraction of it. The estimate fits an Arps decline curve to the production WHEELER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELER is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELER generate in a year?
- WHEELER is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEELER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | GMT Exploration Co Texas, LLC |
|---|---|
| Field | Naconiche Creek (Rod.-TP Cons.) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 221946 |
| Wellbores | 1 |
| Reported production | 943,812 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where WHEELER 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.