SMITH "B"
SMITH "B" is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Geosite Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 8,469 barrels. The lease is intermittent. 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 $146K, with roughly $28K 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 26 barrels a month. Its strongest month on the record we hold was July 2020, at 82 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 "B"
- Who operates SMITH "B"?
- SMITH "B" is operated by Geosite Energy Corporation, Railroad Commission of Texas operator number 301279.
- Where is SMITH "B"?
- SMITH "B" is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28486.
- Is SMITH "B" still producing?
- SMITH "B" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SMITH "B" is August 2026.
- How much has SMITH "B" produced?
- SMITH "B" has reported 8,469 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SMITH "B" worth?
- The remaining production from SMITH "B" is estimated to be worth about $146K in total as of 27 August 2026, within a range of $80K to $212K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH "B" is a fraction of it. The estimate fits an Arps decline curve to the production SMITH "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH "B" is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH "B" generate in a year?
- SMITH "B" is forecast to net about $28K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITH "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geosite Energy Corporation |
|---|---|
| Field | C-L-W (Conglomerate) |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 28486 |
| Wellbores | 1 |
| Reported production | 8,469 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $146K |
Where SMITH "B" 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.