WOODWARD D
WOODWARD D is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Qep Energy Company. It has 3 wellbores on file with the Commission. Reported production runs from July 2018 to August 2026, totalling 678,785 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 $6.9M, with roughly $1.4M 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 2,210 barrels a month, about 737 per wellbore. Its strongest month on the record we hold was October 2018, at 69,809 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 WOODWARD D
- Who operates WOODWARD D?
- WOODWARD D is operated by Qep Energy Company, Railroad Commission of Texas operator number 684474.
- Where is WOODWARD D?
- WOODWARD D is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51534.
- Is WOODWARD D still producing?
- WOODWARD D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODWARD D is August 2026.
- How much has WOODWARD D produced?
- WOODWARD D has reported 678,785 barrels of oil (bbl) to the Railroad Commission of Texas between July 2018 and August 2026, from 3 wellbores.
- How much is WOODWARD D worth?
- The remaining production from WOODWARD D is estimated to be worth about $6.9M in total as of 26 August 2026, within a range of $5.7M to $8.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODWARD D is a fraction of it. The estimate fits an Arps decline curve to the production WOODWARD D has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODWARD D is an estimate of value, not an offer and not an appraisal.
- How much income does WOODWARD D generate in a year?
- WOODWARD D is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WOODWARD D receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Qep Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 51534 |
| Wellbores | 3 |
| Reported production | 678,785 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.9M |
Where WOODWARD D 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.