SMARTT
SMARTT is a Texas oil lease in Newton County, Railroad Commission district 03, operated by Will-Drill Production Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2013 to August 2026, totalling 126,036 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 $660K, with roughly $271K 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 485 barrels a month. Its strongest month on the record we hold was October 2016, at 1,168 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 SMARTT
- Who operates SMARTT?
- SMARTT is operated by Will-Drill Production Co., Inc., Railroad Commission of Texas operator number 924290.
- Where is SMARTT?
- SMARTT is a Texas oil lease in Newton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26865.
- Is SMARTT still producing?
- SMARTT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMARTT is August 2026.
- How much has SMARTT produced?
- SMARTT has reported 126,036 barrels of oil (bbl) to the Railroad Commission of Texas between April 2013 and August 2026, from 1 wellbore.
- How much is SMARTT worth?
- The remaining production from SMARTT is estimated to be worth about $660K in total as of 26 August 2026, within a range of $514K to $805K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMARTT is a fraction of it. The estimate fits an Arps decline curve to the production SMARTT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMARTT is an estimate of value, not an offer and not an appraisal.
- How much income does SMARTT generate in a year?
- SMARTT is forecast to net about $271K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMARTT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Will-Drill Production Co., Inc. |
|---|---|
| Field | Quicksand Creek (Wilcox 10,500) |
| County | Newton County, Texas |
| RRC district | 03 |
| Lease number | 26865 |
| Wellbores | 1 |
| Reported production | 126,036 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $660K |
Where SMARTT 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.