SMITH-MILLER
SMITH-MILLER is a Texas oil lease in Runnels County, Railroad Commission district 7B, operated by Imperial Gas Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 9,924 barrels. 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 $39K, with roughly $8K 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 barrels a month. Its strongest month on the record we hold was February 2023, at 18 barrels. 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-MILLER
- Who operates SMITH-MILLER?
- SMITH-MILLER is operated by Imperial Gas Resources LLC, Railroad Commission of Texas operator number 423398.
- Where is SMITH-MILLER?
- SMITH-MILLER is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 29987.
- Is SMITH-MILLER still producing?
- SMITH-MILLER is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SMITH-MILLER is August 2026.
- How much has SMITH-MILLER produced?
- SMITH-MILLER has reported 9,924 barrels of oil (bbl) to the Railroad Commission of Texas between September 2007 and August 2026, from 1 wellbore.
- How much is SMITH-MILLER worth?
- The remaining production from SMITH-MILLER is estimated to be worth about $39K in total as of 26 August 2026, within a range of $0 to $78K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH-MILLER is a fraction of it. The estimate fits an Arps decline curve to the production SMITH-MILLER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH-MILLER is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH-MILLER generate in a year?
- SMITH-MILLER is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SMITH-MILLER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Imperial Gas Resources LLC |
|---|---|
| Field | Goldsboro (Gardner, Upper) |
| County | Runnels County, Texas |
| RRC district | 7B |
| Lease number | 29987 |
| Wellbores | 1 |
| Reported production | 9,924 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $39K |
Where SMITH-MILLER 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.