SMITH
SMITH is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Oxy USA Inc. It has 14 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 63,616 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 $327K, with roughly $63K 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 100 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was August 2021, at 229 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 SMITH
- Who operates SMITH?
- SMITH is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is SMITH?
- SMITH is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00241.
- Is SMITH still producing?
- SMITH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH is August 2026.
- How much has SMITH produced?
- SMITH has reported 63,616 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 14 wellbores.
- How much is SMITH worth?
- The remaining production from SMITH is estimated to be worth about $327K in total as of 26 August 2026, within a range of $255K to $399K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH is a fraction of it. The estimate fits an Arps decline curve to the production SMITH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH generate in a year?
- SMITH is forecast to net about $63K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00241 |
| Wellbores | 14 |
| Reported production | 63,616 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $327K |
Where 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.