WOOD, M. E.
WOOD, M. E. is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Nichols Brothers. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 58,288 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 $131K, with roughly $25K 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 25 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was July 2017, at 147 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 WOOD, M. E.
- Who operates WOOD, M. E.?
- WOOD, M. E. is operated by Nichols Brothers, Railroad Commission of Texas operator number 609730.
- Where is WOOD, M. E.?
- WOOD, M. E. is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 02281.
- Is WOOD, M. E. still producing?
- WOOD, M. E. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOOD, M. E. is August 2026.
- How much has WOOD, M. E. produced?
- WOOD, M. E. has reported 58,288 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is WOOD, M. E. worth?
- The remaining production from WOOD, M. E. is estimated to be worth about $131K in total as of 26 August 2026, within a range of $72K to $190K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOOD, M. E. is a fraction of it. The estimate fits an Arps decline curve to the production WOOD, M. E. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOOD, M. E. is an estimate of value, not an offer and not an appraisal.
- How much income does WOOD, M. E. generate in a year?
- WOOD, M. E. is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WOOD, M. E. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Nichols Brothers |
|---|---|
| Field | Jones County Regular |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 02281 |
| Wellbores | 2 |
| Reported production | 58,288 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $131K |
Where WOOD, M. E. 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.