WHITMAN (ALLOCATION)
WHITMAN (ALLOCATION) is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Woodbine Acquisition LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 41,943 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 $493K, with roughly $75K 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 54 barrels a month. Its strongest month on the record we hold was November 2019, at 1,253 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 WHITMAN (ALLOCATION)
- Who operates WHITMAN (ALLOCATION)?
- WHITMAN (ALLOCATION) is operated by Woodbine Acquisition LLC, Railroad Commission of Texas operator number 937857.
- Where is WHITMAN (ALLOCATION)?
- WHITMAN (ALLOCATION) is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27031.
- Is WHITMAN (ALLOCATION) still producing?
- WHITMAN (ALLOCATION) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHITMAN (ALLOCATION) is August 2026.
- How much has WHITMAN (ALLOCATION) produced?
- WHITMAN (ALLOCATION) has reported 41,943 barrels of oil (bbl) to the Railroad Commission of Texas between September 2014 and August 2026, from 1 wellbore.
- How much is WHITMAN (ALLOCATION) worth?
- The remaining production from WHITMAN (ALLOCATION) is estimated to be worth about $493K in total as of 26 August 2026, within a range of $271K to $714K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHITMAN (ALLOCATION) is a fraction of it. The estimate fits an Arps decline curve to the production WHITMAN (ALLOCATION) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHITMAN (ALLOCATION) is an estimate of value, not an offer and not an appraisal.
- How much income does WHITMAN (ALLOCATION) generate in a year?
- WHITMAN (ALLOCATION) is forecast to net about $75K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHITMAN (ALLOCATION) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Woodbine Acquisition LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 27031 |
| Wellbores | 1 |
| Reported production | 41,943 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $493K |
Where WHITMAN (ALLOCATION) 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.