SMITH, ASHBEL
SMITH, ASHBEL is a Texas oil lease in Harris County, Railroad Commission district 03, operated by BHP Petroleum (Americas) Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 129,806 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 $1.3M, with roughly $303K 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 426 barrels a month, about 85 per wellbore. Its strongest month on the record we hold was August 2021, at 784 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, ASHBEL
- Who operates SMITH, ASHBEL?
- SMITH, ASHBEL is operated by BHP Petroleum (Americas) Inc., Railroad Commission of Texas operator number 068610.
- Where is SMITH, ASHBEL?
- SMITH, ASHBEL is a Texas oil lease in Harris County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 01840.
- Is SMITH, ASHBEL still producing?
- SMITH, ASHBEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, ASHBEL is August 2026.
- How much has SMITH, ASHBEL produced?
- SMITH, ASHBEL has reported 129,806 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is SMITH, ASHBEL worth?
- The remaining production from SMITH, ASHBEL is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, ASHBEL is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, ASHBEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, ASHBEL is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, ASHBEL generate in a year?
- SMITH, ASHBEL is forecast to net about $303K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, ASHBEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BHP Petroleum (Americas) Inc. |
|---|---|
| Field | Goose Creek, East |
| County | Harris County, Texas |
| RRC district | 03 |
| Lease number | 01840 |
| Wellbores | 5 |
| Reported production | 129,806 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where SMITH, ASHBEL 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.