WOODS STATE "18"
WOODS STATE "18" is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Chevron Midcontinent, L.P. It has 1 wellbore on file with the Commission. Reported production runs from January 2005 to August 2026, totalling 852,321 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 $541K, with roughly $82K 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 3,349 thousand cubic feet a month. Its strongest month on the record we hold was May 2024, at 7,484 thousand cubic feet. 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 WOODS STATE "18"
- Who operates WOODS STATE "18"?
- WOODS STATE "18" is operated by Chevron Midcontinent, L.P., Railroad Commission of Texas operator number 147862.
- Where is WOODS STATE "18"?
- WOODS STATE "18" is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 227593.
- Is WOODS STATE "18" still producing?
- WOODS STATE "18" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WOODS STATE "18" is August 2026.
- How much has WOODS STATE "18" produced?
- WOODS STATE "18" has reported 852,321 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2005 and August 2026, from 1 wellbore.
- How much is WOODS STATE "18" worth?
- The remaining production from WOODS STATE "18" is estimated to be worth about $541K in total as of 27 August 2026, within a range of $449K to $633K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WOODS STATE "18" is a fraction of it. The estimate fits an Arps decline curve to the production WOODS STATE "18" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WOODS STATE "18" is an estimate of value, not an offer and not an appraisal.
- How much income does WOODS STATE "18" generate in a year?
- WOODS STATE "18" is forecast to net about $82K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WOODS STATE "18" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron Midcontinent, L.P. |
|---|---|
| Field | Rojo Caballos, South (Devonian) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 227593 |
| Wellbores | 1 |
| Reported production | 852,321 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $541K |
Where WOODS STATE "18" 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.