SMITH-BIRD UNIT
SMITH-BIRD UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Pennzoil Exploration & Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 3,029,122 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 $561K, with roughly $93K 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 3,126 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 4,595 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 SMITH-BIRD UNIT
- Who operates SMITH-BIRD UNIT?
- SMITH-BIRD UNIT is operated by Pennzoil Exploration & Prod. Co., Railroad Commission of Texas operator number 652352.
- Where is SMITH-BIRD UNIT?
- SMITH-BIRD UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 030273.
- Is SMITH-BIRD UNIT still producing?
- SMITH-BIRD UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH-BIRD UNIT is August 2026.
- How much has SMITH-BIRD UNIT produced?
- SMITH-BIRD UNIT has reported 3,029,122 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SMITH-BIRD UNIT worth?
- The remaining production from SMITH-BIRD UNIT is estimated to be worth about $561K in total as of 27 August 2026, within a range of $466K to $657K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH-BIRD UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SMITH-BIRD UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH-BIRD UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH-BIRD UNIT generate in a year?
- SMITH-BIRD UNIT is forecast to net about $93K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITH-BIRD UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Exploration & Prod. Co. |
|---|---|
| Field | Carthage (Pettit, Lower Gas) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 030273 |
| Wellbores | 1 |
| Reported production | 3,029,122 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $561K |
Where SMITH-BIRD UNIT 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.