S.M.U. SOUTH
S.M.U. SOUTH is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Natural Reserves Group, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,163 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 $7K, with roughly $1K 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 3 barrels a month. Its strongest month on the record we hold was July 2017, at 18 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 S.M.U. SOUTH
- Who operates S.M.U. SOUTH?
- S.M.U. SOUTH is operated by Natural Reserves Group, Inc., Railroad Commission of Texas operator number 601000.
- Where is S.M.U. SOUTH?
- S.M.U. SOUTH is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 18533.
- Is S.M.U. SOUTH still producing?
- S.M.U. SOUTH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for S.M.U. SOUTH is August 2026.
- How much has S.M.U. SOUTH produced?
- S.M.U. SOUTH has reported 6,163 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is S.M.U. SOUTH worth?
- The remaining production from S.M.U. SOUTH is estimated to be worth about $7K in total as of 27 August 2026, within a range of $0 to $13K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in S.M.U. SOUTH is a fraction of it. The estimate fits an Arps decline curve to the production S.M.U. SOUTH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for S.M.U. SOUTH is an estimate of value, not an offer and not an appraisal.
- How much income does S.M.U. SOUTH generate in a year?
- S.M.U. SOUTH is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in S.M.U. SOUTH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Natural Reserves Group, Inc. |
|---|---|
| Field | Saratoga |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 18533 |
| Wellbores | 1 |
| Reported production | 6,163 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where S.M.U. SOUTH 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.