LEDBETTER
LEDBETTER is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Chevron U. S. A. Inc. It has 3 wellbores on file with the Commission. Reported production runs from March 2010 to August 2026, totalling 1,074,472 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 $520K, with roughly $226K 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 300 barrels a month, about 100 per wellbore. Its strongest month on the record we hold was May 2016, at 5,093 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 LEDBETTER
- Who operates LEDBETTER?
- LEDBETTER is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is LEDBETTER?
- LEDBETTER is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08184.
- Is LEDBETTER still producing?
- LEDBETTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEDBETTER is August 2026.
- How much has LEDBETTER produced?
- LEDBETTER has reported 1,074,472 barrels of oil (bbl) to the Railroad Commission of Texas between March 2010 and August 2026, from 3 wellbores.
- How much is LEDBETTER worth?
- The remaining production from LEDBETTER is estimated to be worth about $520K in total as of 26 August 2026, within a range of $406K to $635K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEDBETTER is a fraction of it. The estimate fits an Arps decline curve to the production LEDBETTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEDBETTER is an estimate of value, not an offer and not an appraisal.
- How much income does LEDBETTER generate in a year?
- LEDBETTER is forecast to net about $226K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEDBETTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Mills Ranch (Granite Wash Cons.) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 08184 |
| Wellbores | 3 |
| Reported production | 1,074,472 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $520K |
Where LEDBETTER 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.