WOODWARD
WOODWARD is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by First Rock, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 767 barrels. The lease is intermittent. 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 $7K, with roughly $1K 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 barrels a month. Its strongest month on the record we hold was February 2017, at 23 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 WOODWARD
- Who operates WOODWARD?
- WOODWARD is operated by First Rock, Inc., Railroad Commission of Texas operator number 269028.
- Where is WOODWARD?
- WOODWARD is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18448.
- Is WOODWARD still producing?
- WOODWARD is intermittent. The most recent month of production reported to the Railroad Commission of Texas for WOODWARD is August 2026.
- How much has WOODWARD produced?
- WOODWARD has reported 767 barrels of oil (bbl) to the Railroad Commission of Texas between September 2014 and August 2026, from 1 wellbore.
- How much is WOODWARD worth?
- The remaining production from WOODWARD is estimated to be worth about $7K in total as of 27 August 2026, within a range of $0 to $13K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODWARD is a fraction of it. The estimate fits an Arps decline curve to the production WOODWARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODWARD is an estimate of value, not an offer and not an appraisal.
- How much income does WOODWARD generate in a year?
- WOODWARD is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WOODWARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | First Rock, Inc. |
|---|---|
| Field | A.W.P. (Olmos) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 18448 |
| Wellbores | 1 |
| Reported production | 767 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where WOODWARD 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.