SMITHER STATE UNIT 47-38
SMITHER STATE UNIT 47-38 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Apr Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2019 to August 2026, totalling 8,171,096 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 $1.7M, with roughly $660K 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 26,981 thousand cubic feet a month. Its strongest month on the record we hold was September 2019, at 358,103 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 SMITHER STATE UNIT 47-38
- Who operates SMITHER STATE UNIT 47-38?
- SMITHER STATE UNIT 47-38 is operated by Apr Operating LLC, Railroad Commission of Texas operator number 028612.
- Where is SMITHER STATE UNIT 47-38?
- SMITHER STATE UNIT 47-38 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 287107.
- Is SMITHER STATE UNIT 47-38 still producing?
- SMITHER STATE UNIT 47-38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITHER STATE UNIT 47-38 is August 2026.
- How much has SMITHER STATE UNIT 47-38 produced?
- SMITHER STATE UNIT 47-38 has reported 8,171,096 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2019 and August 2026, from 1 wellbore.
- How much is SMITHER STATE UNIT 47-38 worth?
- The remaining production from SMITHER STATE UNIT 47-38 is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITHER STATE UNIT 47-38 is a fraction of it. The estimate fits an Arps decline curve to the production SMITHER STATE UNIT 47-38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITHER STATE UNIT 47-38 is an estimate of value, not an offer and not an appraisal.
- How much income does SMITHER STATE UNIT 47-38 generate in a year?
- SMITHER STATE UNIT 47-38 is forecast to net about $660K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITHER STATE UNIT 47-38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apr Operating LLC |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 287107 |
| Wellbores | 1 |
| Reported production | 8,171,096 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where SMITHER STATE UNIT 47-38 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.