SMITH, ELLA UNIT 1
SMITH, ELLA UNIT 1 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Lacy, R., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 85,143 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 $14K, with roughly $2K 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 71 thousand cubic feet a month. Its strongest month on the record we hold was December 2019, at 356 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 SMITH, ELLA UNIT 1
- Who operates SMITH, ELLA UNIT 1?
- SMITH, ELLA UNIT 1 is operated by Lacy, R., Inc., Railroad Commission of Texas operator number 480930.
- Where is SMITH, ELLA UNIT 1?
- SMITH, ELLA UNIT 1 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 033638.
- Is SMITH, ELLA UNIT 1 still producing?
- SMITH, ELLA UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, ELLA UNIT 1 is August 2026.
- How much has SMITH, ELLA UNIT 1 produced?
- SMITH, ELLA UNIT 1 has reported 85,143 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, ELLA UNIT 1 worth?
- The remaining production from SMITH, ELLA UNIT 1 is estimated to be worth about $14K in total as of 27 August 2026, within a range of $8K to $21K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, ELLA UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, ELLA UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, ELLA UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, ELLA UNIT 1 generate in a year?
- SMITH, ELLA UNIT 1 is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITH, ELLA UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lacy, R., Inc. |
|---|---|
| Field | Carthage (Blossom) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 033638 |
| Wellbores | 1 |
| Reported production | 85,143 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where SMITH, ELLA UNIT 1 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.