SNOW-SMITH
SNOW-SMITH is a Texas oil lease in Eastland County, Railroad Commission district 7B, operated by Richey, Ray Management Co., Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 149,573 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 $587K, with roughly $113K 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 123 barrels a month, about 41 per wellbore. Its strongest month on the record we hold was August 2016, at 584 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 SNOW-SMITH
- Who operates SNOW-SMITH?
- SNOW-SMITH is operated by Richey, Ray Management Co., Inc., Railroad Commission of Texas operator number 709694.
- Where is SNOW-SMITH?
- SNOW-SMITH is a Texas oil lease in Eastland County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 23761.
- Is SNOW-SMITH still producing?
- SNOW-SMITH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNOW-SMITH is August 2026.
- How much has SNOW-SMITH produced?
- SNOW-SMITH has reported 149,573 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is SNOW-SMITH worth?
- The remaining production from SNOW-SMITH is estimated to be worth about $587K in total as of 27 August 2026, within a range of $458K to $716K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNOW-SMITH is a fraction of it. The estimate fits an Arps decline curve to the production SNOW-SMITH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNOW-SMITH is an estimate of value, not an offer and not an appraisal.
- How much income does SNOW-SMITH generate in a year?
- SNOW-SMITH is forecast to net about $113K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNOW-SMITH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Richey, Ray Management Co., Inc. |
|---|---|
| Field | Ranger |
| County | Eastland County, Texas |
| RRC district | 7B |
| Lease number | 23761 |
| Wellbores | 3 |
| Reported production | 149,573 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $587K |
Where SNOW-SMITH 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.