SMITH
SMITH is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Rico Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 50,283 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 $306K, with roughly $59K 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 77 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was January 2019, at 320 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
- Who operates SMITH?
- SMITH is operated by Rico Oil Company, Railroad Commission of Texas operator number 710655.
- Where is SMITH?
- SMITH is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 21905.
- 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 50,283 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is SMITH worth?
- The remaining production from SMITH is estimated to be worth about $306K in total as of 26 August 2026, within a range of $168K to $444K. 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 $59K 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 | Rico Oil Company |
|---|---|
| Field | Bob Williams (Strawn Sand) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 21905 |
| Wellbores | 3 |
| Reported production | 50,283 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $306K |
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.