RIP WHEELER 705-668
RIP WHEELER 705-668 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Riley Permian Operating Co, LLC. It has 7 wellbores on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 1,813,534 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 $54.3M, with roughly $16.5M 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 27,173 barrels a month, about 3,882 per wellbore. Its strongest month on the record we hold was March 2024, at 69,596 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 RIP WHEELER 705-668
- Who operates RIP WHEELER 705-668?
- RIP WHEELER 705-668 is operated by Riley Permian Operating Co, LLC, Railroad Commission of Texas operator number 712217.
- Where is RIP WHEELER 705-668?
- RIP WHEELER 705-668 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71249.
- Is RIP WHEELER 705-668 still producing?
- RIP WHEELER 705-668 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIP WHEELER 705-668 is August 2026.
- How much has RIP WHEELER 705-668 produced?
- RIP WHEELER 705-668 has reported 1,813,534 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 7 wellbores.
- How much is RIP WHEELER 705-668 worth?
- The remaining production from RIP WHEELER 705-668 is estimated to be worth about $54.3M in total as of 27 August 2026, within a range of $44.5M to $64.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIP WHEELER 705-668 is a fraction of it. The estimate fits an Arps decline curve to the production RIP WHEELER 705-668 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIP WHEELER 705-668 is an estimate of value, not an offer and not an appraisal.
- How much income does RIP WHEELER 705-668 generate in a year?
- RIP WHEELER 705-668 is forecast to net about $16.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RIP WHEELER 705-668 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Riley Permian Operating Co, LLC |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 71249 |
| Wellbores | 7 |
| Reported production | 1,813,534 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $54.3M |
Where RIP WHEELER 705-668 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.