IVAS SMITH 02
IVAS SMITH 02 is a Texas gas lease in Live Oak County, Railroad Commission district 02, operated by Marathon Oil Ef LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2023 to August 2026, totalling 1,308,157 thousand cubic feet. 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 $637K, with roughly $373K 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 6,692 thousand cubic feet a month. Its strongest month on the record we hold was March 2023, at 147,369 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 IVAS SMITH 02
- Who operates IVAS SMITH 02?
- IVAS SMITH 02 is operated by Marathon Oil Ef LLC, Railroad Commission of Texas operator number 525398.
- Where is IVAS SMITH 02?
- IVAS SMITH 02 is a Texas gas lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 294350.
- Is IVAS SMITH 02 still producing?
- IVAS SMITH 02 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IVAS SMITH 02 is August 2026.
- How much has IVAS SMITH 02 produced?
- IVAS SMITH 02 has reported 1,308,157 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2023 and August 2026, from 1 wellbore.
- How much is IVAS SMITH 02 worth?
- The remaining production from IVAS SMITH 02 is estimated to be worth about $637K in total as of 26 August 2026, within a range of $528K to $745K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IVAS SMITH 02 is a fraction of it. The estimate fits an Arps decline curve to the production IVAS SMITH 02 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IVAS SMITH 02 is an estimate of value, not an offer and not an appraisal.
- How much income does IVAS SMITH 02 generate in a year?
- IVAS SMITH 02 is forecast to net about $373K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IVAS SMITH 02 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Ef LLC |
|---|---|
| Field | Sugarkane (Eagle Ford) |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 294350 |
| Wellbores | 1 |
| Reported production | 1,308,157 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $637K |
Where IVAS SMITH 02 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.