BALLARD-SMITH
BALLARD-SMITH is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Ballard, Orville M. It has 1 wellbore on file with the Commission. Reported production runs from May 1996 to August 2026, totalling 184,053 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 $63K, with roughly $11K 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 357 thousand cubic feet a month. Its strongest month on the record we hold was December 2025, at 452 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BALLARD-SMITH
- Who operates BALLARD-SMITH?
- BALLARD-SMITH is operated by Ballard, Orville M., Railroad Commission of Texas operator number 048171.
- Where is BALLARD-SMITH?
- BALLARD-SMITH is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 159321.
- Is BALLARD-SMITH still producing?
- BALLARD-SMITH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BALLARD-SMITH is August 2026.
- How much has BALLARD-SMITH produced?
- BALLARD-SMITH has reported 184,053 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 1996 and August 2026, from 1 wellbore.
- How much is BALLARD-SMITH worth?
- The remaining production from BALLARD-SMITH is estimated to be worth about $63K in total as of 26 August 2026, within a range of $49K to $77K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BALLARD-SMITH is a fraction of it. The estimate fits an Arps decline curve to the production BALLARD-SMITH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BALLARD-SMITH is an estimate of value, not an offer and not an appraisal.
- How much income does BALLARD-SMITH generate in a year?
- BALLARD-SMITH is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BALLARD-SMITH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ballard, Orville M. |
|---|---|
| Field | Stephens County Regular (Gas) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 159321 |
| Wellbores | 1 |
| Reported production | 184,053 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $63K |
Where BALLARD-SMITH 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.