BORDERS-SMITH UNIT 3
BORDERS-SMITH UNIT 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 March 2002 to August 2026, totalling 653,506 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 $239K, with roughly $36K 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 1,546 thousand cubic feet a month. Its strongest month on the record we hold was September 2021, at 2,167 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 BORDERS-SMITH UNIT 3
- Who operates BORDERS-SMITH UNIT 3?
- BORDERS-SMITH UNIT 3 is operated by Harleton Oil & Gas Inc., Railroad Commission of Texas operator number 357165.
- Where is BORDERS-SMITH UNIT 3?
- BORDERS-SMITH UNIT 3 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 188808.
- Is BORDERS-SMITH UNIT 3 still producing?
- BORDERS-SMITH UNIT 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BORDERS-SMITH UNIT 3 is August 2026.
- How much has BORDERS-SMITH UNIT 3 produced?
- BORDERS-SMITH UNIT 3 has reported 653,506 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2002 and August 2026, from 1 wellbore.
- How much is BORDERS-SMITH UNIT 3 worth?
- The remaining production from BORDERS-SMITH UNIT 3 is estimated to be worth about $239K in total as of 26 August 2026, within a range of $199K to $280K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BORDERS-SMITH UNIT 3 is a fraction of it. The estimate fits an Arps decline curve to the production BORDERS-SMITH UNIT 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 UNIT 3 is an estimate of value, not an offer and not an appraisal.
- How much income does BORDERS-SMITH UNIT 3 generate in a year?
- BORDERS-SMITH UNIT 3 is forecast to net about $36K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BORDERS-SMITH UNIT 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 (Blossom) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 188808 |
| Wellbores | 1 |
| Reported production | 653,506 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $239K |
Where BORDERS-SMITH UNIT 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.