SMITH, HOWARD, FEE
SMITH, HOWARD, FEE is a Texas oil lease in Matagorda County, Railroad Commission district 03, operated by Mortimer Exploration Company. It has 34 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 182,815 barrels. The lease is intermittent. 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 $544K, with roughly $105K 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 108 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was December 2017, at 1,205 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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, HOWARD, FEE
- Who operates SMITH, HOWARD, FEE?
- SMITH, HOWARD, FEE is operated by Mortimer Exploration Company, Railroad Commission of Texas operator number 589955.
- Where is SMITH, HOWARD, FEE?
- SMITH, HOWARD, FEE is a Texas oil lease in Matagorda County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 02969.
- Is SMITH, HOWARD, FEE still producing?
- SMITH, HOWARD, FEE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SMITH, HOWARD, FEE is August 2026.
- How much has SMITH, HOWARD, FEE produced?
- SMITH, HOWARD, FEE has reported 182,815 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 34 wellbores.
- How much is SMITH, HOWARD, FEE worth?
- The remaining production from SMITH, HOWARD, FEE is estimated to be worth about $544K in total as of 27 August 2026, within a range of $425K to $664K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, HOWARD, FEE is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, HOWARD, FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, HOWARD, FEE is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, HOWARD, FEE generate in a year?
- SMITH, HOWARD, FEE is forecast to net about $105K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITH, HOWARD, FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mortimer Exploration Company |
|---|---|
| Field | Markham |
| County | Matagorda County, Texas |
| RRC district | 03 |
| Lease number | 02969 |
| Wellbores | 34 |
| Reported production | 182,815 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $544K |
Where SMITH, HOWARD, FEE 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.