E. E. SMITH UNIT 1
E. E. SMITH UNIT 1 is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Magnum Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 291,390 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 $2.7M, with roughly $613K 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 923 barrels a month. Its strongest month on the record we hold was November 2019, at 5,722 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 E. E. SMITH UNIT 1
- Who operates E. E. SMITH UNIT 1?
- E. E. SMITH UNIT 1 is operated by Magnum Petroleum, Inc., Railroad Commission of Texas operator number 521537.
- Where is E. E. SMITH UNIT 1?
- E. E. SMITH UNIT 1 is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 12959.
- Is E. E. SMITH UNIT 1 still producing?
- E. E. SMITH UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for E. E. SMITH UNIT 1 is August 2026.
- How much has E. E. SMITH UNIT 1 produced?
- E. E. SMITH UNIT 1 has reported 291,390 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is E. E. SMITH UNIT 1 worth?
- The remaining production from E. E. SMITH UNIT 1 is estimated to be worth about $2.7M in total as of 26 August 2026, within a range of $2.1M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in E. E. SMITH UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production E. E. SMITH UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for E. E. SMITH UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does E. E. SMITH UNIT 1 generate in a year?
- E. E. SMITH UNIT 1 is forecast to net about $613K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in E. E. SMITH UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnum Petroleum, Inc. |
|---|---|
| Field | First Shot (Austin Chalk) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 12959 |
| Wellbores | 1 |
| Reported production | 291,390 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where E. E. SMITH UNIT 1 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.