THEDFORD
THEDFORD is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2019 to August 2026, totalling 342,041 barrels. 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 $1.9M, with roughly $647K 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 1,029 barrels a month. Its strongest month on the record we hold was December 2019, at 21,738 barrels. 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 THEDFORD
- Who operates THEDFORD?
- THEDFORD is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is THEDFORD?
- THEDFORD is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15691.
- Is THEDFORD still producing?
- THEDFORD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THEDFORD is August 2026.
- How much has THEDFORD produced?
- THEDFORD has reported 342,041 barrels of oil (bbl) to the Railroad Commission of Texas between May 2019 and August 2026, from 1 wellbore.
- How much is THEDFORD worth?
- The remaining production from THEDFORD is estimated to be worth about $1.9M in total as of 26 August 2026, within a range of $1.5M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THEDFORD is a fraction of it. The estimate fits an Arps decline curve to the production THEDFORD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THEDFORD is an estimate of value, not an offer and not an appraisal.
- How much income does THEDFORD generate in a year?
- THEDFORD is forecast to net about $647K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in THEDFORD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Girlie Caldwell (Goodland LM) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 15691 |
| Wellbores | 1 |
| Reported production | 342,041 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where THEDFORD 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.