WOOD
WOOD is a Texas gas lease in Grimes County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 1997 to August 2026, totalling 834,217 thousand cubic feet. 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 $3K, with roughly $2K 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 498 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 1,850 thousand cubic feet. 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 WOOD
- Who operates WOOD?
- WOOD is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is WOOD?
- WOOD is a Texas gas lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 164872.
- Is WOOD still producing?
- WOOD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOOD is August 2026.
- How much has WOOD produced?
- WOOD has reported 834,217 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 1997 and August 2026, from 1 wellbore.
- How much is WOOD worth?
- The remaining production from WOOD is estimated to be worth about $3K in total as of 26 August 2026, within a range of $3K to $4K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOOD is a fraction of it. The estimate fits an Arps decline curve to the production WOOD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOOD is an estimate of value, not an offer and not an appraisal.
- How much income does WOOD generate in a year?
- WOOD is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WOOD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 164872 |
| Wellbores | 1 |
| Reported production | 834,217 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where WOOD 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.