SMITH, HORACE
SMITH, HORACE is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Exxon Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 3,348,726 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 $1K, with roughly $141 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 7 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,981 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 SMITH, HORACE
- Who operates SMITH, HORACE?
- SMITH, HORACE is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
- Where is SMITH, HORACE?
- SMITH, HORACE is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 038485.
- Is SMITH, HORACE still producing?
- SMITH, HORACE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, HORACE is August 2026.
- How much has SMITH, HORACE produced?
- SMITH, HORACE has reported 3,348,726 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, HORACE worth?
- The remaining production from SMITH, HORACE is estimated to be worth about $1K in total as of 26 August 2026, within a range of $0 to $2K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, HORACE is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, HORACE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, HORACE is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, HORACE generate in a year?
- SMITH, HORACE is forecast to net about $141 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH, HORACE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Corp. |
|---|---|
| Field | Oates, Ne. (Devonian) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 038485 |
| Wellbores | 1 |
| Reported production | 3,348,726 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1K |
Where SMITH, HORACE 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.