GOODWIN
GOODWIN is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Centurion Oil & Gas Op. Co. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 43,562 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 $222K, with roughly $43K 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 56 barrels a month. Its strongest month on the record we hold was June 2020, at 93 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GOODWIN
- Who operates GOODWIN?
- GOODWIN is operated by Centurion Oil & Gas Op. Co. Inc., Railroad Commission of Texas operator number 141590.
- Where is GOODWIN?
- GOODWIN is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 18400.
- Is GOODWIN still producing?
- GOODWIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOODWIN is August 2026.
- How much has GOODWIN produced?
- GOODWIN has reported 43,562 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GOODWIN worth?
- The remaining production from GOODWIN is estimated to be worth about $222K in total as of 26 August 2026, within a range of $122K to $322K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOODWIN is a fraction of it. The estimate fits an Arps decline curve to the production GOODWIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOODWIN is an estimate of value, not an offer and not an appraisal.
- How much income does GOODWIN generate in a year?
- GOODWIN is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GOODWIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centurion Oil & Gas Op. Co. Inc. |
|---|---|
| Field | Montague County Regular |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 18400 |
| Wellbores | 1 |
| Reported production | 43,562 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $222K |
Where GOODWIN 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.