WHEELIS
WHEELIS is a Texas oil lease in Rusk County, Railroad Commission district 6E, operated by Bahr Oil & Gas. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 143,254 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 $795K, with roughly $152K 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 207 barrels a month, about 41 per wellbore. Its strongest month on the record we hold was December 2024, at 430 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 WHEELIS
- Who operates WHEELIS?
- WHEELIS is operated by Bahr Oil & Gas, Railroad Commission of Texas operator number 042860.
- Where is WHEELIS?
- WHEELIS is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 06408.
- Is WHEELIS still producing?
- WHEELIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEELIS is August 2026.
- How much has WHEELIS produced?
- WHEELIS has reported 143,254 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is WHEELIS worth?
- The remaining production from WHEELIS is estimated to be worth about $795K in total as of 26 August 2026, within a range of $620K to $970K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEELIS is a fraction of it. The estimate fits an Arps decline curve to the production WHEELIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEELIS is an estimate of value, not an offer and not an appraisal.
- How much income does WHEELIS generate in a year?
- WHEELIS is forecast to net about $152K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEELIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bahr Oil & Gas |
|---|---|
| Field | East Texas |
| County | Rusk County, Texas |
| RRC district | 6E |
| Lease number | 06408 |
| Wellbores | 5 |
| Reported production | 143,254 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $795K |
Where WHEELIS 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.