SMITH JALONICK 16-21 I
SMITH JALONICK 16-21 I is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 3 wellbores on file with the Commission. Reported production runs from December 2021 to August 2026, totalling 966,112 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 $4.2M, with roughly $2.5M 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 5,160 barrels a month, about 1,720 per wellbore. Its strongest month on the record we hold was June 2022, at 80,316 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 SMITH JALONICK 16-21 I
- Who operates SMITH JALONICK 16-21 I?
- SMITH JALONICK 16-21 I is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is SMITH JALONICK 16-21 I?
- SMITH JALONICK 16-21 I is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56640.
- Is SMITH JALONICK 16-21 I still producing?
- SMITH JALONICK 16-21 I is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH JALONICK 16-21 I is August 2026.
- How much has SMITH JALONICK 16-21 I produced?
- SMITH JALONICK 16-21 I has reported 966,112 barrels of oil (bbl) to the Railroad Commission of Texas between December 2021 and August 2026, from 3 wellbores.
- How much is SMITH JALONICK 16-21 I worth?
- The remaining production from SMITH JALONICK 16-21 I is estimated to be worth about $4.2M in total as of 26 August 2026, within a range of $3.5M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH JALONICK 16-21 I is a fraction of it. The estimate fits an Arps decline curve to the production SMITH JALONICK 16-21 I has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH JALONICK 16-21 I is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH JALONICK 16-21 I generate in a year?
- SMITH JALONICK 16-21 I is forecast to net about $2.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH JALONICK 16-21 I receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 56640 |
| Wellbores | 3 |
| Reported production | 966,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where SMITH JALONICK 16-21 I 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.