SMITH, L. A. 103

SMITH, L. A. 103 is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 1 wellbore on file with the Commission. Reported production runs from May 2000 to August 2026, totalling 11,917 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 $250K, with roughly $47K 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 51 barrels a month. Its strongest month on the record we hold was March 2026, at 84 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, L. A. 103

Who operates SMITH, L. A. 103?: SMITH, L. A. 103 is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
Where is SMITH, L. A. 103?: SMITH, L. A. 103 is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03689.
Is SMITH, L. A. 103 still producing?: SMITH, L. A. 103 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, L. A. 103 is August 2026.
How much has SMITH, L. A. 103 produced?: SMITH, L. A. 103 has reported 11,917 barrels of oil (bbl) to the Railroad Commission of Texas between May 2000 and August 2026, from 1 wellbore.
How much is SMITH, L. A. 103 worth?: The remaining production from SMITH, L. A. 103 is estimated to be worth about $250K in total as of 26 August 2026, within a range of $138K to $363K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, L. A. 103 is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, L. A. 103 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. A. 103 is an estimate of value, not an offer and not an appraisal.
How much income does SMITH, L. A. 103 generate in a year?: SMITH, L. A. 103 is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, L. A. 103 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

SMITH, L. A. 103 as filed with the Railroad Commission of Texas
Operator	Union Oil Company Of California
Field	Van (Pecan Gap)
County	Van Zandt County, Texas
RRC district	05
Lease number	03689
Wellbores	1
Reported production	11,917 bbl
First reported	May 2000
Last reported	August 2026
Estimated royalty value	$250K

Where SMITH, L. A. 103 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.