SMITH, M. A. 1023

SMITH, M. A. 1023 is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Mcdaniel Oil Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 42,958 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 $192K, with roughly $37K 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 41 barrels a month. Its strongest month on the record we hold was May 2017, at 154 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. 1023

Who operates SMITH, M. A. 1023?: SMITH, M. A. 1023 is operated by Mcdaniel Oil Co., Railroad Commission of Texas operator number 546040.
Where is SMITH, M. A. 1023?: SMITH, M. A. 1023 is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33667.
Is SMITH, M. A. 1023 still producing?: SMITH, M. A. 1023 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, M. A. 1023 is August 2026.
How much has SMITH, M. A. 1023 produced?: SMITH, M. A. 1023 has reported 42,958 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
How much is SMITH, M. A. 1023 worth?: The remaining production from SMITH, M. A. 1023 is estimated to be worth about $192K in total as of 26 August 2026, within a range of $106K to $278K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, M. A. 1023 is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, M. A. 1023 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. 1023 is an estimate of value, not an offer and not an appraisal.
How much income does SMITH, M. A. 1023 generate in a year?: SMITH, M. A. 1023 is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, M. A. 1023 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

SMITH, M. A. 1023 as filed with the Railroad Commission of Texas
Operator	Mcdaniel Oil Co.
Field	Yates (Smith Sand)
County	Pecos County, Texas
RRC district	08
Lease number	33667
Wellbores	1
Reported production	42,958 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$192K

Where SMITH, M. A. 1023 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.