NED SMITH UNIT
NED SMITH UNIT is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Brown, H. L., JR. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 271,948 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 $668K, with roughly $151K 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 240 barrels a month, about 60 per wellbore. Its strongest month on the record we hold was April 2019, at 598 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 NED SMITH UNIT
- Who operates NED SMITH UNIT?
- NED SMITH UNIT is operated by Brown, H. L., JR., Railroad Commission of Texas operator number 100268.
- Where is NED SMITH UNIT?
- NED SMITH UNIT is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66532.
- Is NED SMITH UNIT still producing?
- NED SMITH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NED SMITH UNIT is August 2026.
- How much has NED SMITH UNIT produced?
- NED SMITH UNIT has reported 271,948 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is NED SMITH UNIT worth?
- The remaining production from NED SMITH UNIT is estimated to be worth about $668K in total as of 26 August 2026, within a range of $521K to $815K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NED SMITH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NED SMITH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NED SMITH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NED SMITH UNIT generate in a year?
- NED SMITH UNIT is forecast to net about $151K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NED SMITH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Brown, H. L., JR. |
|---|---|
| Field | Reo (Jo Mill, Lower) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 66532 |
| Wellbores | 4 |
| Reported production | 271,948 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $668K |
Where NED SMITH 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.