GOLDSMITH ADOBE UNIT
GOLDSMITH ADOBE UNIT is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Neg Operating LLC. It has 356 wellbores on file with the Commission. Reported production runs from November 2006 to August 2026, totalling 3,260,513 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 $13.2M, with roughly $2.9M 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 3,945 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was August 2016, at 13,946 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GOLDSMITH ADOBE UNIT
- Who operates GOLDSMITH ADOBE UNIT?
- GOLDSMITH ADOBE UNIT is operated by Neg Operating LLC, Railroad Commission of Texas operator number 602995.
- Where is GOLDSMITH ADOBE UNIT?
- GOLDSMITH ADOBE UNIT is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37943.
- Is GOLDSMITH ADOBE UNIT still producing?
- GOLDSMITH ADOBE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOLDSMITH ADOBE UNIT is August 2026.
- How much has GOLDSMITH ADOBE UNIT produced?
- GOLDSMITH ADOBE UNIT has reported 3,260,513 barrels of oil (bbl) to the Railroad Commission of Texas between November 2006 and August 2026, from 356 wellbores.
- How much is GOLDSMITH ADOBE UNIT worth?
- The remaining production from GOLDSMITH ADOBE UNIT is estimated to be worth about $13.2M in total as of 27 August 2026, within a range of $10.9M to $15.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOLDSMITH ADOBE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GOLDSMITH ADOBE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOLDSMITH ADOBE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GOLDSMITH ADOBE UNIT generate in a year?
- GOLDSMITH ADOBE UNIT is forecast to net about $2.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOLDSMITH ADOBE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Neg Operating LLC |
|---|---|
| Field | Goldsmith (Clear Fork) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 37943 |
| Wellbores | 356 |
| Reported production | 3,260,513 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.2M |
Where GOLDSMITH ADOBE UNIT 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.