WOODY 38I
WOODY 38I is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2018 to August 2026, totalling 457,569 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 $1.0M, with roughly $427K 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 399 barrels a month. Its strongest month on the record we hold was October 2018, at 54,764 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 WOODY 38I
- Who operates WOODY 38I?
- WOODY 38I is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is WOODY 38I?
- WOODY 38I is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50986.
- Is WOODY 38I still producing?
- WOODY 38I is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODY 38I is August 2026.
- How much has WOODY 38I produced?
- WOODY 38I has reported 457,569 barrels of oil (bbl) to the Railroad Commission of Texas between September 2018 and August 2026, from 1 wellbore.
- How much is WOODY 38I worth?
- The remaining production from WOODY 38I is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $799K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODY 38I is a fraction of it. The estimate fits an Arps decline curve to the production WOODY 38I has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODY 38I is an estimate of value, not an offer and not an appraisal.
- How much income does WOODY 38I generate in a year?
- WOODY 38I is forecast to net about $427K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WOODY 38I receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 50986 |
| Wellbores | 1 |
| Reported production | 457,569 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where WOODY 38I 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.