WOODS
WOODS is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Flat Creek Resources, LLC. It has 5 wellbores on file with the Commission. Reported production runs from May 2020 to August 2026, totalling 71,658 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 $421K, with roughly $172K 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 632 barrels a month, about 126 per wellbore. Its strongest month on the record we hold was March 2022, at 2,902 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 WOODS
- Who operates WOODS?
- WOODS is operated by Flat Creek Resources, LLC, Railroad Commission of Texas operator number 271649.
- Where is WOODS?
- WOODS is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53650.
- Is WOODS still producing?
- WOODS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODS is August 2026.
- How much has WOODS produced?
- WOODS has reported 71,658 barrels of oil (bbl) to the Railroad Commission of Texas between May 2020 and August 2026, from 5 wellbores.
- How much is WOODS worth?
- The remaining production from WOODS is estimated to be worth about $421K in total as of 26 August 2026, within a range of $329K to $514K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODS is a fraction of it. The estimate fits an Arps decline curve to the production WOODS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODS is an estimate of value, not an offer and not an appraisal.
- How much income does WOODS generate in a year?
- WOODS is forecast to net about $172K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WOODS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Flat Creek Resources, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 53650 |
| Wellbores | 5 |
| Reported production | 71,658 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $421K |
Where WOODS 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.