BORDERS-SMITH #3
BORDERS-SMITH #3 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Harleton Oil & Gas Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2001 to August 2026, totalling 732,431 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 $3K, with roughly $378 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 14 thousand cubic feet a month. Its strongest month on the record we hold was November 2021, at 2,980 thousand cubic feet. 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 BORDERS-SMITH #3
- Who operates BORDERS-SMITH #3?
- BORDERS-SMITH #3 is operated by Harleton Oil & Gas Inc., Railroad Commission of Texas operator number 357165.
- Where is BORDERS-SMITH #3?
- BORDERS-SMITH #3 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 185174.
- Is BORDERS-SMITH #3 still producing?
- BORDERS-SMITH #3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BORDERS-SMITH #3 is August 2026.
- How much has BORDERS-SMITH #3 produced?
- BORDERS-SMITH #3 has reported 732,431 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2001 and August 2026, from 1 wellbore.
- How much is BORDERS-SMITH #3 worth?
- The remaining production from BORDERS-SMITH #3 is estimated to be worth about $3K in total as of 26 August 2026, within a range of $2K to $4K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BORDERS-SMITH #3 is a fraction of it. The estimate fits an Arps decline curve to the production BORDERS-SMITH #3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BORDERS-SMITH #3 is an estimate of value, not an offer and not an appraisal.
- How much income does BORDERS-SMITH #3 generate in a year?
- BORDERS-SMITH #3 is forecast to net about $378 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BORDERS-SMITH #3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Harleton Oil & Gas Inc. |
|---|---|
| Field | Carthage (Pettit, Lower Gas) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 185174 |
| Wellbores | 1 |
| Reported production | 732,431 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where BORDERS-SMITH #3 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.