DROUGHT 156
DROUGHT 156 is a Texas oil lease in Duval County, Railroad Commission district 04, operated by Smith Production Inc. It has 3 wellbores on file with the Commission. Reported production runs from November 2017 to August 2026, totalling 93,914 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 $1.3M, with roughly $305K 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 415 barrels a month, about 138 per wellbore. Its strongest month on the record we hold was August 2018, at 3,822 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 DROUGHT 156
- Who operates DROUGHT 156?
- DROUGHT 156 is operated by Smith Production Inc., Railroad Commission of Texas operator number 789662.
- Where is DROUGHT 156?
- DROUGHT 156 is a Texas oil lease in Duval County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 14068.
- Is DROUGHT 156 still producing?
- DROUGHT 156 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DROUGHT 156 is August 2026.
- How much has DROUGHT 156 produced?
- DROUGHT 156 has reported 93,914 barrels of oil (bbl) to the Railroad Commission of Texas between November 2017 and August 2026, from 3 wellbores.
- How much is DROUGHT 156 worth?
- The remaining production from DROUGHT 156 is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DROUGHT 156 is a fraction of it. The estimate fits an Arps decline curve to the production DROUGHT 156 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DROUGHT 156 is an estimate of value, not an offer and not an appraisal.
- How much income does DROUGHT 156 generate in a year?
- DROUGHT 156 is forecast to net about $305K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DROUGHT 156 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Smith Production Inc. |
|---|---|
| Field | Neely, East ( 700) |
| County | Duval County, Texas |
| RRC district | 04 |
| Lease number | 14068 |
| Wellbores | 3 |
| Reported production | 93,914 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where DROUGHT 156 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.