SMITH, L. R.
SMITH, L. R. is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Rowan, Al. It has 1 wellbore on file with the Commission. Reported production runs from June 1997 to August 2026, totalling 5,094 barrels. The lease is shut in. 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 $7K, with roughly $1K 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 barrels a month. Its strongest month on the record we hold was May 2023, at 95 barrels.
Key facts about SMITH, L. R.
- Who operates SMITH, L. R.?
- SMITH, L. R. is operated by Rowan, Al, Railroad Commission of Texas operator number 730425.
- Where is SMITH, L. R.?
- SMITH, L. R. is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03559.
- Is SMITH, L. R. still producing?
- SMITH, L. R. is shut in. The most recent month of production reported to the Railroad Commission of Texas for SMITH, L. R. is August 2026.
- How much has SMITH, L. R. produced?
- SMITH, L. R. has reported 5,094 barrels of oil (bbl) to the Railroad Commission of Texas between June 1997 and August 2026, from 1 wellbore.
- How much is SMITH, L. R. worth?
- The remaining production from SMITH, L. R. is estimated to be worth about $7K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, L. R. is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, L. R. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, L. R. is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, L. R. generate in a year?
- SMITH, L. R. is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, L. R. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rowan, Al |
|---|---|
| Field | Van (Austin Chalk) |
| County | Van Zandt County, Texas |
| RRC district | 05 |
| Lease number | 03559 |
| Wellbores | 1 |
| Reported production | 5,094 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where SMITH, L. R. 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.