SMITH, LESTER
SMITH, LESTER is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Aruba Petroleum, Inc. It has 17 wellbores on file with the Commission. Reported production runs from May 1995 to August 2026, totalling 30,193 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 $218K, with roughly $42K 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 53 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was October 2016, at 316 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, LESTER
- Who operates SMITH, LESTER?
- SMITH, LESTER is operated by Aruba Petroleum, Inc., Railroad Commission of Texas operator number 033762.
- Where is SMITH, LESTER?
- SMITH, LESTER is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28986.
- Is SMITH, LESTER still producing?
- SMITH, LESTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, LESTER is August 2026.
- How much has SMITH, LESTER produced?
- SMITH, LESTER has reported 30,193 barrels of oil (bbl) to the Railroad Commission of Texas between May 1995 and August 2026, from 17 wellbores.
- How much is SMITH, LESTER worth?
- The remaining production from SMITH, LESTER is estimated to be worth about $218K in total as of 26 August 2026, within a range of $120K to $316K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, LESTER is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, LESTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, LESTER is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, LESTER generate in a year?
- SMITH, LESTER is forecast to net about $42K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, LESTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Aruba Petroleum, Inc. |
|---|---|
| Field | Jack County Regular |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 28986 |
| Wellbores | 17 |
| Reported production | 30,193 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $218K |
Where SMITH, LESTER 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.