SMITH (R)
SMITH (R) is a Texas oil lease in Bexar County, Railroad Commission district 01, operated by Drachen Oil Company. It has 9 wellbores on file with the Commission. Reported production runs from November 2003 to August 2026, totalling 10,503 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 $111K, with roughly $21K 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 31 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was June 2021, at 125 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 (R)
- Who operates SMITH (R)?
- SMITH (R) is operated by Drachen Oil Company, Railroad Commission of Texas operator number 227825.
- Where is SMITH (R)?
- SMITH (R) is a Texas oil lease in Bexar County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 14478.
- Is SMITH (R) still producing?
- SMITH (R) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH (R) is August 2026.
- How much has SMITH (R) produced?
- SMITH (R) has reported 10,503 barrels of oil (bbl) to the Railroad Commission of Texas between November 2003 and August 2026, from 9 wellbores.
- How much is SMITH (R) worth?
- The remaining production from SMITH (R) is estimated to be worth about $111K in total as of 26 August 2026, within a range of $61K to $161K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH (R) is a fraction of it. The estimate fits an Arps decline curve to the production SMITH (R) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH (R) is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH (R) generate in a year?
- SMITH (R) is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH (R) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Drachen Oil Company |
|---|---|
| Field | Fairfield |
| County | Bexar County, Texas |
| RRC district | 01 |
| Lease number | 14478 |
| Wellbores | 9 |
| Reported production | 10,503 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $111K |
Where SMITH (R) 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.