WOODY 38A
WOODY 38A 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 February 2021 to August 2026, totalling 207,775 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 $3.0M, with roughly $706K 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 792 barrels a month. Its strongest month on the record we hold was June 2021, at 21,374 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 WOODY 38A
- Who operates WOODY 38A?
- WOODY 38A is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is WOODY 38A?
- WOODY 38A is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55345.
- Is WOODY 38A still producing?
- WOODY 38A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODY 38A is August 2026.
- How much has WOODY 38A produced?
- WOODY 38A has reported 207,775 barrels of oil (bbl) to the Railroad Commission of Texas between February 2021 and August 2026, from 1 wellbore.
- How much is WOODY 38A worth?
- The remaining production from WOODY 38A is estimated to be worth about $3.0M in total as of 27 August 2026, within a range of $2.4M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODY 38A is a fraction of it. The estimate fits an Arps decline curve to the production WOODY 38A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODY 38A is an estimate of value, not an offer and not an appraisal.
- How much income does WOODY 38A generate in a year?
- WOODY 38A is forecast to net about $706K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WOODY 38A 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 | 55345 |
| Wellbores | 1 |
| Reported production | 207,775 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where WOODY 38A 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.