WOODY 31D
WOODY 31D 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 July 2022 to August 2026, totalling 525,348 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 $3.7M, with roughly $1.9M 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 4,058 barrels a month. Its strongest month on the record we hold was September 2022, at 48,984 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 WOODY 31D
- Who operates WOODY 31D?
- WOODY 31D is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is WOODY 31D?
- WOODY 31D is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57606.
- Is WOODY 31D still producing?
- WOODY 31D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODY 31D is August 2026.
- How much has WOODY 31D produced?
- WOODY 31D has reported 525,348 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is WOODY 31D worth?
- The remaining production from WOODY 31D is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $3.1M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODY 31D is a fraction of it. The estimate fits an Arps decline curve to the production WOODY 31D has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODY 31D is an estimate of value, not an offer and not an appraisal.
- How much income does WOODY 31D generate in a year?
- WOODY 31D is forecast to net about $1.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WOODY 31D 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 | 57606 |
| Wellbores | 1 |
| Reported production | 525,348 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where WOODY 31D 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.