LEE SMITH
LEE SMITH is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by D. W. R. Oil Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 37,916 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 $778K, with roughly $175K 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 271 barrels a month. Its strongest month on the record we hold was May 2023, at 1,319 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 LEE SMITH
- Who operates LEE SMITH?
- LEE SMITH is operated by D. W. R. Oil Co., Inc., Railroad Commission of Texas operator number 195925.
- Where is LEE SMITH?
- LEE SMITH is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31523.
- Is LEE SMITH still producing?
- LEE SMITH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEE SMITH is August 2026.
- How much has LEE SMITH produced?
- LEE SMITH has reported 37,916 barrels of oil (bbl) to the Railroad Commission of Texas between June 2014 and August 2026, from 1 wellbore.
- How much is LEE SMITH worth?
- The remaining production from LEE SMITH is estimated to be worth about $778K in total as of 26 August 2026, within a range of $607K to $949K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEE SMITH is a fraction of it. The estimate fits an Arps decline curve to the production LEE SMITH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEE SMITH is an estimate of value, not an offer and not an appraisal.
- How much income does LEE SMITH generate in a year?
- LEE SMITH is forecast to net about $175K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEE SMITH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | D. W. R. Oil Co., Inc. |
|---|---|
| Field | Noodle, NW. (Canyon SD. 4000) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 31523 |
| Wellbores | 1 |
| Reported production | 37,916 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $778K |
Where LEE 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.