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Texas oil lease

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WHEELER UNIT

Wheeler Unit is an oil lease in Wood County, Texas, operated by Valence Operating Company in the Como (Rodessa Hill, Lo.) field.

3 wells

13,082bbl oil, last 12 months−30% vs prior year
Operator
Valence Operating Company
County
Wood County
Field
Como (Rodessa Hill, Lo.)
RRC lease
05-04365

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Where it sits

This county

Wood CountyWoodFranklinVan ZandtHuntGreggUpshurMorrisHopkinsSmithDeltaTitusCampRainsWood County
Wood County
Gas, last 12 months
124,118 mcf
Oil in Jul 2026
770 bbl

Production by month

Oil output fell 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for WHEELER UNIT, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 13,082 bbl in the 12 months through Jul 2026, against 18,596 bbl in the 12 months before.Last 12 months: 13,082 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for WHEELER UNIT, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 13,082 bbl in the 12 months through Jul 2026, against 18,596 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

88% of the gas went to a transmission line in the last 12 months

Flaring peaked at 6.1% of the gas in Jan 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
88% of the gas went to a transmission line in the last 12 monthsShare of WHEELER UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 88% of the gas went to a transmission line in the last 12 months. Flaring peaked at 6.1% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 6.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
88% of the gas went to a transmission line in the last 12 monthsShare of WHEELER UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 88% of the gas went to a transmission line in the last 12 months. Flaring peaked at 6.1% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 6.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    88% · 109,709 mcf

  • Lease fuel (1)

    11% · 13,273 mcf

  • Flared (4)

    0.9% · 1,136 mcf

0.9% of the gas flared in the last 12 months. 6 months above 3%.

3 wells on this lease

Wells on WHEELER UNIT
API numberWell no.Status
42-499-003441JCShut-in
42-499-321711HActive
42-499-321852HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100May 1, 2025–
Midcoast Pipelines (E Tx) L.p.Casinghead gasBuys100Jan 1, 2019–
Midcoast Pipelines (E Tx) L.p.Casinghead gasGathers100Jan 1, 2019–
Lion Oil Trading & Trans, LLCOilGathers100Feb 3, 2018May 1, 2025
Enbridge Pipelines (E. Tx) L.p.Casinghead gasGathers100Feb 3, 2018Jan 1, 2019
Enbridge Pipelines (E. Tx) L.p.Casinghead gasBuys100Feb 3, 2018Jan 1, 2019

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

Who buys my oilOil price check

611.76 acres on the newest permit

An allocation well is on this lease

The wells on this lease state different acreage

The permits state between 185.69 and 611.76 acres.

Permits for Wheeler Unit
API numberWell no.Acreson the permit
42-499-321852H611.76
42-499-321711H185.69
42-499-003441JC311

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

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36 months, newest first

Ledger for WHEELER UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267707338,8257,70886$80.46$2.89
Jun 20261,1161,2009,2908,060191$84.81$3.15
May 20266997299,7628,55644$102.13$2.94
Apr 202698093913,04211,395147$100.32$2.77
Mar 20261,1921,25311,62610,974178$91.38$3.04
Feb 20261,2181,31712,57010,88869$64.51$3.62
Jan 20261,4741,28913,25511,459152$60.04$7.72
Dec 20251,1591,2229,4798,30757$57.97$4.26
Nov 20251,1081,0718,4817,39752$60.06$3.79
Oct 20251,2991,2398,4067,43663$60.89$3.19
Sep 20251,0011,0888,9468,22448$63.96$2.97
Aug 20251,06695810,4369,30549$64.86$2.91
Jul 20251,2441,2598,6477,59367$68.39$3.20
Jun 20251,3351,32911,64210,00581$68.17$3.02
May 20251,0661,1459,5328,12680$62.17$3.12
Apr 20251,5201,5336,6935,762103$63.54$3.42
Mar 20251,9421,9027,9626,852146$68.24$4.12
Feb 20251,3641,4215,5284,671104$71.53$4.19
Jan 20251,3871,4614,2123,535102$75.74$4.13
Dec 20241,8241,8366,6285,558214$70.12$3.01
Nov 20241,7551,6976,3215,466119$69.95$2.12
Oct 20241,7971,7556,6965,723125$71.99$2.20
Sep 20241,7061,7557,0065,720417$70.24$2.28
Aug 20241,6561,6347,2206,30578$76.68$1.99
Jul 20241,8951,9107,3306,317120$81.80$2.07
Jun 20242,0102,0016,7705,793133$79.77$2.54
May 20241,9871,9937,2686,115258$80.02$2.12
Apr 20242,2942,2227,3296,190280$85.35$1.60
Mar 20242,4052,5426,7835,749168$81.28$1.49
Feb 20242,0801,9464,7704,478170$77.25$1.72
Jan 20242,1172,2724,7564,030290$74.15$3.18
Dec 20232,4302,3186,1645,317151$71.90$2.52
Nov 20232,3812,4455,7314,981141$77.69$2.71
Oct 20232,3052,1866,0805,264181$85.64$2.98
Sep 20232,1942,2616,1585,399145$89.43$2.64
Aug 20232,4922,3866,0255,668155$81.39$2.58

Flared above 3%

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

OperatorValence Operating CompanyFieldComo (Rodessa Hill, Lo.)CountyWood County

Valence Operating Company in Wood County

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Como (Rodessa Hill, Lo.) field

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