WOODWARD "56"
WOODWARD "56" is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Reatta Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 974,145 thousand cubic feet. 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 $49, with roughly $50 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 289 thousand cubic feet a month. Its strongest month on the record we hold was September 2019, at 42,120 thousand cubic feet. 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 WOODWARD "56"
- Who operates WOODWARD "56"?
- WOODWARD "56" is operated by Reatta Energy, Inc., Railroad Commission of Texas operator number 696090.
- Where is WOODWARD "56"?
- WOODWARD "56" is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 287236.
- Is WOODWARD "56" still producing?
- WOODWARD "56" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODWARD "56" is August 2026.
- How much has WOODWARD "56" produced?
- WOODWARD "56" has reported 974,145 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2019 and August 2026, from 1 wellbore.
- How much is WOODWARD "56" worth?
- The remaining production from WOODWARD "56" is estimated to be worth about $49 in total as of 27 August 2026, within a range of $39 to $60. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODWARD "56" is a fraction of it. The estimate fits an Arps decline curve to the production WOODWARD "56" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODWARD "56" is an estimate of value, not an offer and not an appraisal.
- How much income does WOODWARD "56" generate in a year?
- WOODWARD "56" is forecast to net about $50 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WOODWARD "56" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Reatta Energy, Inc. |
|---|---|
| Field | Putnam (Wichita-Albany) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 287236 |
| Wellbores | 1 |
| Reported production | 974,145 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $49 |
Where WOODWARD "56" 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.