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Texas oil lease

Producing

WOODY 38B

Woody 38B is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

37,272bbl oil, last 12 months+1% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-55368

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
104,786 mcf
Oil in Jul 2026
2,848 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC NORTH PERMIAN MIDSTREAM LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for WOODY 38B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 37,272 bbl in the 12 months through Jul 2026, against 36,938 bbl in the 12 months before.Last 12 months: 37,272 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for WOODY 38B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 37,272 bbl in the 12 months through Jul 2026, against 36,938 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.4% of the gas in Jan 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of WOODY 38B gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.4% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of WOODY 38B gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.4% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 3.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 98,471 mcf

  • Lease fuel (1)

    5.9% · 6,133 mcf

  • Flared (4)

    0.2% · 182 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on WOODY 38B
API numberWell no.Status
42-317-431262HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Jan 1, 2022–
Etp Crude LLCOilGathers50Jan 1, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
Wtg North Permian Midstream LLCCasinghead gasGathers100Jan 1, 2022Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jan 1, 2022Dec 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100May 6, 2021Jan 1, 2022
Wtg Gas Processing, L.p.Casinghead gasBuys100Jul 1, 2021Jan 1, 2022
Energy Trans Crude Marketing LLCOilGathers25Jul 1, 2021Jan 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

807.90 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Woody 38B
API numberWell no.Acreson the permit
42-317-431262H807.90

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WOODY 38B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,8482,8558,6288,10726$80.46$2.89
Jun 20262,7242,7358,7358,2485$84.81$3.15
May 20263,2393,2408,2237,64868$102.13$2.94
Apr 20263,2413,2417,7347,27012$100.32$2.77
Mar 20263,4333,4299,0788,5080$91.38$3.04
Feb 20263,1953,1898,3187,8212$64.51$3.62
Jan 20262,8782,8758,2237,65718$60.04$7.72
Dec 20252,5722,5768,0307,5087$57.97$4.26
Nov 20253,0473,0517,6107,13827$60.06$3.79
Oct 20253,3673,3479,9299,37317$60.89$3.19
Sep 20253,3253,33510,2379,6830$63.96$2.97
Aug 20253,4033,38910,0419,5100$64.86$2.91
Jul 20256546768,4197,752186$68.39$3.20
Jun 20253,1343,1348,2087,75427$68.17$3.02
May 20254,0594,05410,71210,11316$62.17$3.12
Apr 20252,5032,5029,7059,2198$63.54$3.42
Mar 20252,5192,5127,8857,40898$68.24$4.12
Feb 20253,6003,6039,7809,3604$71.53$4.19
Jan 20254,1994,19411,66911,1632$75.74$4.13
Dec 20243,7473,7709,2238,653154$70.12$3.01
Nov 20244,1964,1659,0878,6592$69.95$2.12
Oct 20241,1641,1751,6501,63710$71.99$2.20
Sep 20243,1423,1438,5048,286200$70.24$2.28
Aug 20244,0214,01711,22211,1994$76.68$1.99
Jul 20243,3513,34910,30710,2900$81.80$2.07
Jun 20243,2093,2199,6469,6262$79.77$2.54
May 20245,2245,22412,03612,0151$80.02$2.12
Apr 20245,6935,68412,23112,2047$85.35$1.60
Mar 20245,0955,10010,58710,5691$81.28$1.49
Feb 20245,2335,24210,77010,71735$77.25$1.72
Jan 20246,3966,38412,94412,479439$74.15$3.18
Dec 20236,3166,32513,46813,38263$71.90$2.52
Nov 20235,4985,49510,67210,6550$77.69$2.71
Oct 20236,0746,08612,16012,1335$85.64$2.98
Sep 20236,4626,45513,30513,25230$89.43$2.64
Aug 20237,9737,98815,16914,803337$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMartin County

Pioneer Natural Res. USA, Inc. in Martin County

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Spraberry (Trend Area) field

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