SMITH UNIT
SMITH UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Murphy Expl. & Prod. Co. - USA. It has 4 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 728,323 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 $2.3M, with roughly $528K 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 764 barrels a month, about 191 per wellbore. Its strongest month on the record we hold was December 2016, at 4,911 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 UNIT
- Who operates SMITH UNIT?
- SMITH UNIT is operated by Murphy Expl. & Prod. Co. - USA, Railroad Commission of Texas operator number 594675.
- Where is SMITH UNIT?
- SMITH UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 10717.
- Is SMITH UNIT still producing?
- SMITH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH UNIT is August 2026.
- How much has SMITH UNIT produced?
- SMITH UNIT has reported 728,323 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 4 wellbores.
- How much is SMITH UNIT worth?
- The remaining production from SMITH UNIT is estimated to be worth about $2.3M in total as of 26 August 2026, within a range of $1.8M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SMITH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH UNIT generate in a year?
- SMITH UNIT is forecast to net about $528K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Murphy Expl. & Prod. Co. - USA |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 10717 |
| Wellbores | 4 |
| Reported production | 728,323 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where SMITH UNIT 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.