SMITH 48A
SMITH 48A is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 39,684 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 $71K, with roughly $14K 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 24 barrels a month. Its strongest month on the record we hold was January 2019, at 593 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 48A
- Who operates SMITH 48A?
- SMITH 48A is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is SMITH 48A?
- SMITH 48A is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44480.
- Is SMITH 48A still producing?
- SMITH 48A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH 48A is August 2026.
- How much has SMITH 48A produced?
- SMITH 48A has reported 39,684 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 1 wellbore.
- How much is SMITH 48A worth?
- The remaining production from SMITH 48A is estimated to be worth about $71K in total as of 26 August 2026, within a range of $39K to $103K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH 48A is a fraction of it. The estimate fits an Arps decline curve to the production SMITH 48A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH 48A is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH 48A generate in a year?
- SMITH 48A is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH 48A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 44480 |
| Wellbores | 1 |
| Reported production | 39,684 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $71K |
Where SMITH 48A 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.