SMITH
SMITH is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Vess Oil Corporation. It has 2 wellbores on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 216,662 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $200K, with roughly $58K expected over the next twelve months.
| Operator | Vess Oil Corporation |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 28119 |
| Wellbores | 2 |
| Reported production | 216,662 bbl |
| First reported | November 2023 |
| Last reported | August 2026 |
| Estimated royalty value | $200K |
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.