SMITH, JESS
SMITH, JESS is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Mcrae & Henry, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 33,897 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 $381K, with roughly $73K 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 96 barrels a month. Its strongest month on the record we hold was March 2022, at 176 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, JESS
- Who operates SMITH, JESS?
- SMITH, JESS is operated by Mcrae & Henry, Ltd, Railroad Commission of Texas operator number 555883.
- Where is SMITH, JESS?
- SMITH, JESS is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 14226.
- Is SMITH, JESS still producing?
- SMITH, JESS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, JESS is August 2026.
- How much has SMITH, JESS produced?
- SMITH, JESS has reported 33,897 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SMITH, JESS worth?
- The remaining production from SMITH, JESS is estimated to be worth about $381K in total as of 26 August 2026, within a range of $209K to $552K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, JESS is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, JESS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, JESS is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, JESS generate in a year?
- SMITH, JESS is forecast to net about $73K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, JESS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcrae & Henry, Ltd |
|---|---|
| Field | Kollsman, S. (Strawn SD.) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 14226 |
| Wellbores | 1 |
| Reported production | 33,897 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $381K |
Where SMITH, JESS 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.