SMITH-HAMES UNIT
SMITH-HAMES UNIT is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Bend Petroleum Corp. It has 2 wellbores on file with the Commission. Reported production runs from June 2019 to August 2026, totalling 20,626 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 $1.1M, with roughly $188K 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 217 barrels a month, about 109 per wellbore. Its strongest month on the record we hold was July 2019, at 871 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-HAMES UNIT
- Who operates SMITH-HAMES UNIT?
- SMITH-HAMES UNIT is operated by Bend Petroleum Corp., Railroad Commission of Texas operator number 064129.
- Where is SMITH-HAMES UNIT?
- SMITH-HAMES UNIT is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33890.
- Is SMITH-HAMES UNIT still producing?
- SMITH-HAMES UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH-HAMES UNIT is August 2026.
- How much has SMITH-HAMES UNIT produced?
- SMITH-HAMES UNIT has reported 20,626 barrels of oil (bbl) to the Railroad Commission of Texas between June 2019 and August 2026, from 2 wellbores.
- How much is SMITH-HAMES UNIT worth?
- The remaining production from SMITH-HAMES UNIT is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $834K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH-HAMES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SMITH-HAMES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH-HAMES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH-HAMES UNIT generate in a year?
- SMITH-HAMES UNIT is forecast to net about $188K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH-HAMES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bend Petroleum Corp. |
|---|---|
| Field | Swick (Mclish) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 33890 |
| Wellbores | 2 |
| Reported production | 20,626 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where SMITH-HAMES UNIT 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.