IGOE-SMITH OPER. AREA
IGOE-SMITH OPER. AREA is a Texas oil lease in Cochran County, Railroad Commission district 8A, operated by Amoco Production Company. It has 112 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 7,809,850 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 $25.4M, with roughly $6.8M 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 10,220 barrels a month, about 91 per wellbore. Its strongest month on the record we hold was October 2019, at 24,138 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 IGOE-SMITH OPER. AREA
- Who operates IGOE-SMITH OPER. AREA?
- IGOE-SMITH OPER. AREA is operated by Amoco Production Company, Railroad Commission of Texas operator number 020425.
- Where is IGOE-SMITH OPER. AREA?
- IGOE-SMITH OPER. AREA is a Texas oil lease in Cochran County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 05947.
- Is IGOE-SMITH OPER. AREA still producing?
- IGOE-SMITH OPER. AREA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IGOE-SMITH OPER. AREA is August 2026.
- How much has IGOE-SMITH OPER. AREA produced?
- IGOE-SMITH OPER. AREA has reported 7,809,850 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 112 wellbores.
- How much is IGOE-SMITH OPER. AREA worth?
- The remaining production from IGOE-SMITH OPER. AREA is estimated to be worth about $25.4M in total as of 26 August 2026, within a range of $20.8M to $30.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IGOE-SMITH OPER. AREA is a fraction of it. The estimate fits an Arps decline curve to the production IGOE-SMITH OPER. AREA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IGOE-SMITH OPER. AREA is an estimate of value, not an offer and not an appraisal.
- How much income does IGOE-SMITH OPER. AREA generate in a year?
- IGOE-SMITH OPER. AREA is forecast to net about $6.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IGOE-SMITH OPER. AREA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amoco Production Company |
|---|---|
| Field | Slaughter |
| County | Cochran County, Texas |
| RRC district | 8A |
| Lease number | 05947 |
| Wellbores | 112 |
| Reported production | 7,809,850 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $25.4M |
Where IGOE-SMITH OPER. AREA 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.