WOODY 38J
WOODY 38J 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 2020 to August 2026, totalling 380,244 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 $935K 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 1,307 barrels a month. Its strongest month on the record we hold was March 2020, at 27,266 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 38J
- Who operates WOODY 38J?
- WOODY 38J is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is WOODY 38J?
- WOODY 38J is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53797.
- Is WOODY 38J still producing?
- WOODY 38J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODY 38J is August 2026.
- How much has WOODY 38J produced?
- WOODY 38J has reported 380,244 barrels of oil (bbl) to the Railroad Commission of Texas between February 2020 and August 2026, from 1 wellbore.
- How much is WOODY 38J worth?
- The remaining production from WOODY 38J is estimated to be worth about $3.7M in total as of 27 August 2026, within a range of $3.1M to $4.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODY 38J is a fraction of it. The estimate fits an Arps decline curve to the production WOODY 38J has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODY 38J is an estimate of value, not an offer and not an appraisal.
- How much income does WOODY 38J generate in a year?
- WOODY 38J is forecast to net about $935K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WOODY 38J 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 | 53797 |
| Wellbores | 1 |
| Reported production | 380,244 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where WOODY 38J 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.