WOODY 31E
WOODY 31E 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 284,627 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 $2.9M, with roughly $1.3M 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 1,986 barrels a month. Its strongest month on the record we hold was August 2022, at 33,865 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 31E
- Who operates WOODY 31E?
- WOODY 31E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is WOODY 31E?
- WOODY 31E is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57653.
- Is WOODY 31E still producing?
- WOODY 31E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODY 31E is August 2026.
- How much has WOODY 31E produced?
- WOODY 31E has reported 284,627 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is WOODY 31E worth?
- The remaining production from WOODY 31E is estimated to be worth about $2.9M in total as of 27 August 2026, within a range of $2.4M to $3.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODY 31E is a fraction of it. The estimate fits an Arps decline curve to the production WOODY 31E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODY 31E is an estimate of value, not an offer and not an appraisal.
- How much income does WOODY 31E generate in a year?
- WOODY 31E is forecast to net about $1.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WOODY 31E 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 | 57653 |
| Wellbores | 1 |
| Reported production | 284,627 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where WOODY 31E 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.