WOODY-MCMORRIES 31K
WOODY-MCMORRIES 31K 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 August 2019 to August 2026, totalling 568,611 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 $6.9M, with roughly $1.7M 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 2,293 barrels a month. Its strongest month on the record we hold was March 2020, at 58,166 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-MCMORRIES 31K
- Who operates WOODY-MCMORRIES 31K?
- WOODY-MCMORRIES 31K is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is WOODY-MCMORRIES 31K?
- WOODY-MCMORRIES 31K is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53603.
- Is WOODY-MCMORRIES 31K still producing?
- WOODY-MCMORRIES 31K is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODY-MCMORRIES 31K is August 2026.
- How much has WOODY-MCMORRIES 31K produced?
- WOODY-MCMORRIES 31K has reported 568,611 barrels of oil (bbl) to the Railroad Commission of Texas between August 2019 and August 2026, from 1 wellbore.
- How much is WOODY-MCMORRIES 31K worth?
- The remaining production from WOODY-MCMORRIES 31K is estimated to be worth about $6.9M in total as of 26 August 2026, within a range of $5.7M to $8.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODY-MCMORRIES 31K is a fraction of it. The estimate fits an Arps decline curve to the production WOODY-MCMORRIES 31K has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODY-MCMORRIES 31K is an estimate of value, not an offer and not an appraisal.
- How much income does WOODY-MCMORRIES 31K generate in a year?
- WOODY-MCMORRIES 31K is forecast to net about $1.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WOODY-MCMORRIES 31K 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 | 53603 |
| Wellbores | 1 |
| Reported production | 568,611 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.9M |
Where WOODY-MCMORRIES 31K 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.