SMITH, LEROY
SMITH, LEROY is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Wheeler Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 687,237 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 $135K, with roughly $31K 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 1,584 thousand cubic feet a month. Its strongest month on the record we hold was October 2021, at 4,048 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 SMITH, LEROY
- Who operates SMITH, LEROY?
- SMITH, LEROY is operated by Wheeler Energy Co., Railroad Commission of Texas operator number 914180.
- Where is SMITH, LEROY?
- SMITH, LEROY is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 040118.
- Is SMITH, LEROY still producing?
- SMITH, LEROY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, LEROY is August 2026.
- How much has SMITH, LEROY produced?
- SMITH, LEROY has reported 687,237 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SMITH, LEROY worth?
- The remaining production from SMITH, LEROY is estimated to be worth about $135K in total as of 26 August 2026, within a range of $112K to $159K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, LEROY is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, LEROY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, LEROY is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, LEROY generate in a year?
- SMITH, LEROY is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, LEROY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wheeler Energy Co. |
|---|---|
| Field | Ellis Ranch (Morrow,Upper, W.) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 040118 |
| Wellbores | 1 |
| Reported production | 687,237 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $135K |
Where SMITH, LEROY 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.