WHEELER UNIT

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the COMO (RODESSA HILL, LO.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4365District 05Field 19947426OilCasinghead gasSave
Value, all time
$41.5 M
Feb 2018 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
100
no gaps in the span
Streams
2
oil, casinghead gas

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition619,601 bbl$35,582,224
Casinghead gasProduction1,907,848 Mcf$5,959,024
Total$41,541,248

Every month this lease reported (100)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

100 months

May 20267299,762106.413.05$107,306
Apr 202693913,04298.932.87$130,322
Mar 20261,25311,62689.753.15$149,072
Feb 20261,31712,57063.503.75$130,771
Jan 20261,28913,25559.138.00$182,231
Dec 20251,2229,47956.664.41$111,073
Nov 20251,0718,48158.593.93$96,050
Oct 20251,2398,40659.383.30$101,352
Sep 20251,0888,94662.743.08$95,787
Aug 202595810,43663.933.01$92,707
Jul 20251,2598,64766.743.32$112,692
Jun 20251,32911,64266.483.13$124,776
May 20251,1459,53260.553.23$100,140
Apr 20251,5336,69362.363.54$119,312
Mar 20251,9027,96267.704.27$162,750
Feb 20251,4215,52870.884.34$124,717
Jan 20251,4614,21274.324.28$126,603
Dec 20241,8366,62868.993.12$147,354
Nov 20241,6976,32169.052.20$131,074
Oct 20241,7556,69671.372.28$140,531
Sep 20241,7557,00669.612.36$138,730
Aug 20241,6347,22075.632.06$138,479
Jul 20241,9107,33079.932.15$168,401
Jun 20242,0016,77078.082.63$174,070
May 20241,9937,26878.812.20$173,047
Apr 20242,2227,32984.451.66$199,808
Mar 20242,5426,78380.301.55$214,603
Feb 20241,9464,77076.091.78$156,579
Jan 20242,2724,75673.023.30$181,585
Dec 20232,3186,16471.262.61$181,273
Nov 20232,4455,73177.892.81$206,531
Oct 20232,1866,08085.443.09$205,543
Sep 20232,2616,15889.042.74$218,162
Aug 20232,3866,02580.522.67$208,225
Jul 20232,5176,07174.852.64$204,436
Jun 20232,8285,96668.962.26$208,493
May 20232,7816,33970.622.23$210,514
Apr 20232,9986,14978.122.24$247,964
Mar 20233,4086,94672.852.39$264,896
Feb 20233,0695,82875.112.47$244,883
Jan 20233,0595,33976.533.39$252,192
Dec 20223,1555,70876.415.73$273,775
Nov 20223,3275,59885.005.65$314,402
Oct 20223,2006,20287.185.86$315,343
Sep 20223,0365,89184.888.16$305,788
Aug 20223,2246,29394.529.13$362,170
Jul 20224,1247,220101.587.54$473,370
Jun 20223,9757,503115.097.98$517,336
May 20223,2807,059109.378.43$418,262
Apr 20222,91918,765104.226.84$432,526
Mar 20221,0647,131108.885.08$152,048
Feb 20223,23412,85291.054.86$356,902
Jan 20223,76515,81981.844.54$379,909
Dec 20213,89916,53071.323.90$342,529
Nov 20213,78517,22477.435.24$383,272
Oct 20214,48519,13579.795.71$467,193
Sep 20214,83223,74869.865.35$464,637
Aug 20215,64528,49966.024.22$492,965
Jul 20216,51025,64970.783.98$562,914
Jun 20216,81224,61969.493.38$556,593
May 20215,93028,50963.483.02$462,467
Apr 20216,06734,68860.362.76$461,888
Mar 20217,08537,43261.302.72$536,011
Feb 20215,73024,11257.805.55$464,966
Jan 20218,85040,51150.412.81$559,975
Dec 20209,98542,11644.642.68$558,410
Nov 202010,26242,98138.772.71$514,189
Oct 20207,68133,51436.972.48$367,029
Sep 202010,76445,59437.091.99$490,016
Aug 202011,81549,15439.982.39$589,601
Jul 202010,04438,52338.371.83$455,697
Jun 202015,26742,62534.901.69$604,868
May 202012,44829,30916.921.81$263,809
Apr 202017,56444,50514.751.80$339,373
Mar 202018,65640,77030.341.86$641,702
Feb 202019,84533,27249.881.98$1,055,769
Jan 202022,31336,66657.252.09$1,354,225
Dec 201923,72135,21759.012.30$1,480,929
Nov 201920,52736,07455.302.75$1,234,372
Oct 201924,38333,74153.472.42$1,385,363
Sep 201910,20716,70955.052.66$606,296
Aug 20195,09425,38453.112.30$329,036
Jul 20195,11028,62556.272.46$357,959
Jun 20195,61428,14352.782.49$366,417
May 20195,56532,06258.482.74$413,301
Apr 20196,30532,43262.632.75$484,093
Mar 20198,39833,10756.803.06$578,383
Feb 20197,13532,82050.852.79$454,455
Jan 20198,05833,11746.033.23$477,817
Dec 20189,64734,36046.594.19$593,265
Nov 201810,18041,46052.934.24$714,503
Oct 201811,59843,30461.443.40$859,732
Sep 201812,03038,84259.543.11$836,987
Aug 201814,21137,47359.403.07$959,047
Jul 201814,10228,98565.142.93$1,003,585
Jun 201813,84824,19660.183.08$907,822
May 201815,16124,35765.382.90$1,061,881
Apr 201814,77320,26863.842.90$1,001,902
Mar 201813,90216,97361.222.79$898,381
Feb 20188,48112,58161.782.77$558,757

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Oil                  729 bbl  × $106.41 =    $77,573
Casinghead gas     9,762 Mcf  × $  3.05 =    $29,733

────────────────────────────────────────────────────
Month total                                 $107,306

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 05/O/4365 is the state's own key, not one this site invented.