SMR
SMR is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Resolute Natural Res. Co., LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2018 to August 2026, totalling 2,850,309 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 $2.3M, with roughly $484K 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 4,584 thousand cubic feet a month. Its strongest month on the record we hold was November 2018, at 195,459 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 SMR
- Who operates SMR?
- SMR is operated by Resolute Natural Res. Co., LLC, Railroad Commission of Texas operator number 703352.
- Where is SMR?
- SMR is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 284894.
- Is SMR still producing?
- SMR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMR is August 2026.
- How much has SMR produced?
- SMR has reported 2,850,309 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2018 and August 2026, from 1 wellbore.
- How much is SMR worth?
- The remaining production from SMR is estimated to be worth about $2.3M in total as of 27 August 2026, within a range of $1.9M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMR is a fraction of it. The estimate fits an Arps decline curve to the production SMR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMR is an estimate of value, not an offer and not an appraisal.
- How much income does SMR generate in a year?
- SMR is forecast to net about $484K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Resolute Natural Res. Co., LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 284894 |
| Wellbores | 1 |
| Reported production | 2,850,309 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where SMR 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.