WOOLEY 5
WOOLEY 5 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Mid-States Operating Company. It has 6 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 410,203 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 $973K, with roughly $405K 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 696 barrels a month, about 116 per wellbore. Its strongest month on the record we hold was May 2016, at 5,346 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 WOOLEY 5
- Who operates WOOLEY 5?
- WOOLEY 5 is operated by Mid-States Operating Company, Railroad Commission of Texas operator number 566121.
- Where is WOOLEY 5?
- WOOLEY 5 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18462.
- Is WOOLEY 5 still producing?
- WOOLEY 5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOOLEY 5 is August 2026.
- How much has WOOLEY 5 produced?
- WOOLEY 5 has reported 410,203 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 6 wellbores.
- How much is WOOLEY 5 worth?
- The remaining production from WOOLEY 5 is estimated to be worth about $973K in total as of 26 August 2026, within a range of $759K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOOLEY 5 is a fraction of it. The estimate fits an Arps decline curve to the production WOOLEY 5 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOOLEY 5 is an estimate of value, not an offer and not an appraisal.
- How much income does WOOLEY 5 generate in a year?
- WOOLEY 5 is forecast to net about $405K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WOOLEY 5 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mid-States Operating Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 18462 |
| Wellbores | 6 |
| Reported production | 410,203 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $973K |
Where WOOLEY 5 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.