SMITH-IGOE
SMITH-IGOE is a Texas oil lease in Cochran County, Railroad Commission district 8A, operated by Amoco Production Company. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,800,193 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 $7.3M, with roughly $2.0M 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 3,095 barrels a month, about 344 per wellbore. Its strongest month on the record we hold was May 2016, at 5,261 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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-IGOE
- Who operates SMITH-IGOE?
- SMITH-IGOE is operated by Amoco Production Company, Railroad Commission of Texas operator number 020425.
- Where is SMITH-IGOE?
- SMITH-IGOE is a Texas oil lease in Cochran County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 06071.
- Is SMITH-IGOE still producing?
- SMITH-IGOE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH-IGOE is August 2026.
- How much has SMITH-IGOE produced?
- SMITH-IGOE has reported 1,800,193 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is SMITH-IGOE worth?
- The remaining production from SMITH-IGOE is estimated to be worth about $7.3M in total as of 26 August 2026, within a range of $6.0M to $8.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH-IGOE is a fraction of it. The estimate fits an Arps decline curve to the production SMITH-IGOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH-IGOE is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH-IGOE generate in a year?
- SMITH-IGOE is forecast to net about $2.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH-IGOE 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 | 06071 |
| Wellbores | 9 |
| Reported production | 1,800,193 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.3M |
Where SMITH-IGOE 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.