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Texas oil lease

Producing

WHEELER "2"

Wheeler "2" is an oil lease in Martin County, Texas, operated by Midland Energy, Inc. in the Spraberry (Trend Area) field.

2 wells

2,135bbl oil, last 12 months−47% vs prior year
Operator
Midland Energy, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-39097

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Oil in Jul 2026
115 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 47% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 47% over the last 12 monthsMonthly oil production and gas for WHEELER "2", Aug 2023 to Jul 2026. Oil output fell 47% over the last 12 months. 2,135 bbl in the 12 months through Jul 2026, against 4,055 bbl in the 12 months before.Last 12 months: 2,135 bblbbl per monthmcf per month002001,0004002,0006003,0008004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 47% over the last 12 monthsMonthly oil production and gas for WHEELER "2", Aug 2023 to Jul 2026. Oil output fell 47% over the last 12 months. 2,135 bbl in the 12 months through Jul 2026, against 4,055 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the 10 months reported

All of the gas went to a processing plant in the 10 months reportedShare of WHEELER "2" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 10 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the 10 months reportedShare of WHEELER "2" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 10 months reported.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on WHEELER "2"
API numberWell no.Status
42-317-353891Active
42-317-359142Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Aug 1, 2012
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

150 acres on the newest permit

Permits for Wheeler "2"
API numberWell no.Acreson the permit
42-317-359142150
42-317-353891150

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for WHEELER "2"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026115171000$80.46$2.89
Jun 2026152168000$84.81$3.15
May 2026177166000$102.13$2.94
Apr 2026164172000$100.32$2.77
Mar 2026175173000$91.38$3.04
Feb 2026173167000$64.51$3.62
Jan 2026276271000$60.04$7.72
Dec 2025188174000$57.97$4.26
Nov 2025190171000$60.06$3.79
Oct 2025153169000$60.89$3.19
Sep 2025204201000$63.96$2.97
Aug 2025168188000$64.86$2.91
Jul 2025139172000$68.39$3.20
Jun 2025353342000$68.17$3.02
May 2025353325000$62.17$3.12
Apr 2025159170000$63.54$3.42
Mar 2025361353000$68.24$4.12
Feb 2025310337000$71.53$4.19
Jan 2025374341000$75.74$4.13
Dec 2024371344000$70.12$3.01
Nov 2024377341000$69.95$2.12
Oct 2024370359000$71.99$2.20
Sep 2024378519000$70.24$2.28
Aug 2024510516000$76.68$1.99
Jul 2024546518000$81.80$2.07
Jun 2024517514000$79.77$2.54
May 20245785201,6491,6490$80.02$2.12
Apr 20245485152,2892,2890$85.35$1.60
Mar 20246416992,7092,7090$81.28$1.49
Feb 20246066873,1773,1770$77.25$1.72
Jan 20246966822,3772,3770$74.15$3.18
Dec 20234023351,3021,3020$71.90$2.52
Nov 20236486841,4721,4720$77.69$2.71
Oct 20234023491,3831,3830$85.64$2.98
Sep 20234185151601600$89.43$2.64
Aug 20235433883653650$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorMidland Energy, Inc.FieldSpraberry (Trend Area)CountyMartin County

Midland Energy, Inc. in Martin County

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Spraberry (Trend Area) field

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