SMITH, J. -B-
SMITH, J. -B- is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by B. J. P. Operating. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,341 barrels. 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 $131K, with roughly $25K 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 35 barrels a month. Its strongest month on the record we hold was September 2023, at 194 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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, J. -B-
- Who operates SMITH, J. -B-?
- SMITH, J. -B- is operated by B. J. P. Operating, Railroad Commission of Texas operator number 040674.
- Where is SMITH, J. -B-?
- SMITH, J. -B- is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 01517.
- Is SMITH, J. -B- still producing?
- SMITH, J. -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, J. -B- is August 2026.
- How much has SMITH, J. -B- produced?
- SMITH, J. -B- has reported 16,341 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SMITH, J. -B- worth?
- The remaining production from SMITH, J. -B- is estimated to be worth about $131K in total as of 26 August 2026, within a range of $72K to $189K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, J. -B- is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, J. -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, J. -B- is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, J. -B- generate in a year?
- SMITH, J. -B- is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, J. -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | B. J. P. Operating |
|---|---|
| Field | Salt Flat |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 01517 |
| Wellbores | 1 |
| Reported production | 16,341 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $131K |
Where SMITH, J. -B- 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.