SMITH, M.A. -1024-
SMITH, M.A. -1024- is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Mcdaniel Oil Co. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 53,268 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 $69K, with roughly $13K 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 27 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was March 2017, at 129 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, M.A. -1024-
- Who operates SMITH, M.A. -1024-?
- SMITH, M.A. -1024- is operated by Mcdaniel Oil Co., Railroad Commission of Texas operator number 546040.
- Where is SMITH, M.A. -1024-?
- SMITH, M.A. -1024- is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 28020.
- Is SMITH, M.A. -1024- still producing?
- SMITH, M.A. -1024- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, M.A. -1024- is August 2026.
- How much has SMITH, M.A. -1024- produced?
- SMITH, M.A. -1024- has reported 53,268 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is SMITH, M.A. -1024- worth?
- The remaining production from SMITH, M.A. -1024- is estimated to be worth about $69K in total as of 26 August 2026, within a range of $38K to $99K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, M.A. -1024- is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, M.A. -1024- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, M.A. -1024- is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, M.A. -1024- generate in a year?
- SMITH, M.A. -1024- is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, M.A. -1024- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcdaniel Oil Co. |
|---|---|
| Field | Yates (Smith Sand) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 28020 |
| Wellbores | 10 |
| Reported production | 53,268 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $69K |
Where SMITH, M.A. -1024- 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.