BORDERS-SMITH UNIT 3
BORDERS-SMITH UNIT 3 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Anadarko E&P Onshore LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2013 to August 2026, totalling 852,944 thousand cubic feet. The lease is intermittent. 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 $165, with roughly $21 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 4 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 8,240 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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 Anadarko E&P Onshore LLC, Railroad Commission of Texas operator number 020528.
- 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 268339.
- Is BORDERS-SMITH UNIT 3 still producing?
- BORDERS-SMITH UNIT 3 is intermittent. 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 852,944 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2013 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 $165 in total as of 26 August 2026, within a range of $0 to $329. 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 $21 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 | Anadarko E&P Onshore LLC |
|---|---|
| Field | Carthage (Travis Peak) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 268339 |
| Wellbores | 1 |
| Reported production | 852,944 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $165 |
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.